In September 2024, insurer firm Star Health experienced a...
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Data privacy is a major concern for insurance industry: LIC CEO
(LtoR) Siddhartha Mohanty, CEO and MD, Life Insurance Corporation...
Cyberattack cripples entire IT system of U’khand
Nikita Khandelwal, director, ITDA Information Technology...
Winning auction bid to fly in space with Jeff Bezos: $28M
The completely automated capsule can carry up to six passengers, each with its own big window. Blue Origin’s top sales director, Ariane Cornell, said following the auction that the fourth and final seat on the debut crew flight will be announced soon.
Canada privacy regulator says federal police broke laws using facial recognition software
“A government institution cannot collect personal information from a third party agent if that third party agent collected the information unlawfully,” Commissioner Daniel Therrien said in a statement.
Uganda scraps controversial social media tax
Uganda’s designate minister of state for finance in charge of planning,. Amos Lugoloobi said the government has instead introduced a direct tax of 12 per cent on airtime and mobile internet data in the East African country. “I rationalize the excise duty regime on telecommunication services by scrapping the excise duty on Over-The-Top (OTT) and introduce a harmonized excise duty rate of 12 per cent on airtime, value-added services and internet data excluding data for the provision of medical services and the provision of education services,” said Lugoloobi.
Volkswagen to receive 270 million euro from its D&O Liability insurers in dieselgate settlement
The settlement marks a major milestone in Volkswagen’s efforts to turn a page on its biggest ever corporate scandal, which has cost it more than 32 billion euros in vehicle refits, fines and legal costs so far.
The scandal, which Volkswagen initially blamed on a small number of rogue engineers, also spurred it to launch a huge investment in electric cars.
SoftBank’s PayPay surges ahead in Japan’s digital payments race
PayPay is emerging as a key driver of a government-supported consumer shift away from cash as Japan grapples with deepening labour shortages and the need for social distancing during the COVID-19 pandemic. Late to payments, SoftBank drove the uptake of PayPay through cash-back campaigns. In one prominent example, it gave away 10 billion yen ($90 million) in 10 days.
Gmail blocks more than 100 million phishing attempts daily, says Google
“We are deeply concerned by these trends. Security is the cornerstone of our product strategy. We have dedicated teams like Project Zero who focus on finding and fixing vulnerabilities across the web to make the internet safer for all of us,” said Kent Walker, SVP of Global Affairs at Google.
India offers huge potential for digital banks: Report
Leading consultancy BCG said in the report on Wednesday that the revenue opportunity in India, which has a population of 130 crore people, was pegged at being up to ten times higher than that of rest of South East Asia.
Meatpacker JBS paid equivalent of $11 mln in ransomware attack
The Wall Street journal reported on Wednesday that the JBS ransom payment was made in bitcoin. The Justice Department on Monday recovered some $2.3 million in cryptocurrency ransom paid by Colonial Pipeline Co, cracking down on hackers who launched the attack.
China-based hackers luring Indians into fake malicious Tata Motors scam
“The campaign is pretended to be an offer from Tata Motors but hosted on the third-party domain instead of the official website of Tata Motors which makes it more suspicious,” the research team said in a statement.
Emerging risks set to shape a post-COVID-19 world:Swiss Re
COVID-19 to worsen income inequality; growth in the global middle class slowed and poverty levels rose in 2020
• Government support programmes have kept alive unviable zombie companies, leading to increased credit and financial market risks
• Electric vehicles and other decarbonised means of transport can
cut up to 24% of current C02 emissions from fuel combustion