The statement from the State Administration for Market Regulation...
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GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
GM on Tuesday said it would get out of robotaxis “given the...
Star Health takes steps after data breach: MD
"In a world, where there is so much inter-connectivity, when you...
Air India flyer seeks Rs 30 lakh damages over data breach of 4.5 million passengers
A legal notice was sent to Air India management on Sunday by Ritika Handoo in which she said that the airline informed her about the breach on June 1, her lawyer said.
Terming the breach as a violation of her “right to be forgotten and informational autonomy”, she sought a compensation of Rs 30 lakh.
Air India’s passenger service system provider SITA faced a sophisticated cyberattack in February this year leading to the leak of personal data of 4.5 million passengers — which included passengers of the national carrier — from across the world, the email sent by the carrier said.
Hackers demand $70 mln to restore data held by companies hit in cyberattack
The demand was posted on a site typically used by the REvil cybercrime gang, a Russia-linked group that is counted among the cybercriminal world’s most prolific extortionists.
DoT for Rs 10k fine on every call, SMS by pesky callers after 50 violations
The Department of Telecom (DoT) has proposed to make the norms more stringent by reducing the slabs for levying penalty to Rs 1,000 per violation for 0-10 breaches, Rs 5,000 each for 10-50 violations and Rs 10,000 each for more than 50 violations.
Besides, the DoT’s Digital Intelligence Unit (DIU) will check violations at the device-level as well.
The DIU will send a system generated message to suspected numbers for verification.
Stock exchanges, other officials liable to face penalties for tech glitches: Sebi
Stock exchanges, clearing corporation and depositories will have to pay in the range of Rs 1 lakh each working day to Rs 2 crore for flouting Standard Operating Procedure while Managing Director (MD) and Chief Technology Officer (CTO) of the MIIs concerned will have to cough up 10 per cent of their respective annual pay.
To avoid technical glitches, Sebi has suggested that MIIs should have Business Continuity Planning, disaster recovery policies and system audit processes in place.
9 trends to watch as aviation readies for post Covid-19 takeoff
Says Cristina Schoen, Global Head of Aviation Claims at AGCS,”Covid-19 has not been a direct driver of aviation claims over the past year .
As a result of the significant reduction in commercial airline travel during the pandemic we saw fewer attritional claims than we would during a typical year. However, the insurance sector was not immune to larger losses during the course of the pandemic, with different regions seeing tragic accidents, emergency landings and hull losses to name a few. As air travel begins to return to pre-pandemic levels we expect claims volume to rise accordingly”
Amazon, Tata say Indian govt e-commerce rules will hit businesses: Report
New rules limiting flash sales, barring misleading advertisements and mandating a complaints system, among other proposals, could force the likes of Amazon and Flipkart to review their business structures, and may increase costs for domestic rivals including Reliance Industries’ JioMart, BigBasket and Snapdeal.
China orders Didi to be removed from app stores, days after mega US listing
The Cyberspace Administration of China (CAC) said on its social media feed that it had ordered Didi to make changes to comply with Chinese data protection rules. It did not specify the nature of Didi’s violation.
White House reaching out with assistance to latest ransomware victims
“The two biggest regions we’ve seen are USA and Germany,” Ross McKerchar, chief information security officer at Sophos Group Plc, said of the impact from the latest ransomware. Those affected included schools, small public-sector bodies, travel and leisure organizations, credit unions and accountants, he said.
After Didi, China launches cybersecurity probe into more U.S.-listed firms
The three app-based businesses should halt new user registrations during the review, the the Cyberspace Administration of China said in a statement, adding that the investigations are to “prevent national data security risks and safeguard national security”. The cyberspace agency did not offer further details about the investigation into the three apps, but cited China’s national security law and cybersecurity law.
Amazon launches IP Accelerator programme in India to help businesses secure trademark
Our Intellectual Property Accelerator Program enables businesses to protect their intellectual property, which in turn helps to ensure an authentic shopping experience for everyone,” said Mary Beth Westmoreland, vice-president, technology, brand protection at Amazon,.
To date, six IP law firms – Hasan and Singh, Lexorbis, Sujata Chaudhri IP Attorneys, Amitabha Sen & co, Remfry & Sagar, and H K Acharya & Company – have signed up to be service providers as part of the IP Accelerator programme to support sellers on Amazon.in.
IP Accelerator was launched in the US in 2019, and has since then expanded to Europe, Japan, Canada, Mexico, and now India.