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EU privacy regulator fines Meta €91M over password storage in GDPR violation
The inquiry was opened five years ago after Meta notified Ireland’s...
Tata iPhone component plant halts production indefinitely after fire
The fire broke out at the plant in Tamil Nadu state early on...
5G tech safe; concerns around health consequences misplaced: COAI
“Radiation permitted in India is one-tenth of what is accepted globally, so already our systems have taken this into account…Any notion or concern about radiation and impact are misplaced. These are fallacious fears and this always happens whenever a new technology is introduced,” S P Kochhar, Director-General, COAI told PTI.
As digital piracy rises amid pandemic, original content creators losing money: EY
As per a report by Digital TV Research, the loss of revenue for OTT players on account of piracy in India is expected to hit USD 3.08 billion by 2022, while the cost of global online streaming piracy will reach USD 52 billion by 2022.
Govt warns Twitter exemption from liability will be withdrawn on non-compliance
The new IT rules require significant social media intermediaries – those with other 50 lakh users – to appoint a grievance officer, nodal officer, and chief compliance officer. This personnel is required to be residents in India.
Under the new rules, social media companies will have to take down flagged content within 36 hours, and remove within 24 hours content that is flagged for nudity, pornography, etc. The Centre had said the new rules are designed to prevent abuse and misuse of platforms, and offer users a robust forum for grievance redressal.
ACKO clocks Rs 100 crore from employee group health insurance premium in FY21
Over 70 companies including Virtusa, Swiggy, Razorpay, CRED, Akzo Nobel, Xiaomi, RedFM, ICRA, Grofers, Mygate and Go-MMT offer ACKO’s digital health benefits, it said.
India is leading world in sustainable development and clean energy: PM Modi
“From agriculture to astronomy, disaster management to defence technology, vaccine to virtual reality, India aspires to become self-reliant and empowered in every direction. India is leading world in fields of sustainable development and clean energy,” said PM Modi at the CSIR society meeting.
EU takes on Facebook over ad data
* Alphabet’s Google: The world’s most popular internet search engine has been hit with total fines of 8.25 billion euros ($10 billion) in more than a decade of battles with the Commission over its shopping service, Android mobile operating system, and online advertising practices. The first fine came in 2010.
Epillo launches the first-of-its-kind integrated mobile App for patients
There are special features available that will aid in the global battle against COVID-19, where patient’s symptom data is captured, digitized, monitored, and analyzed and can be shared with their doctors. Through this feature, doctors can also prescribe medication to their patients using their clinical platform. So far, there are more than 200 doctors on board to support the telemedicine feature for this app and they will be gradually ramping up these numbers in the coming future.
1 Indian firm paying average Rs 55 lakh after ransom attack
The average ransom payment in India was $76,619 (over Rs 55 lakh). However, paying up often doesn’t pay off as Indian organizations that paid the ransom got back, on average, 75 per cent of their data and only 4 per cent got all their data back, according to ‘The State of Ransomware 2021’ report by global cybersecurity leader Sophos.
Ransomware & aggregation issues in US call for new approaches to US Cyber Risk : AM BEST
The loss ratio for cyber insurance rose dramatically in 2020, to 67.8%, from 44.8% in 2019. However, the increase was not limited to just a few insurers—the loss ratio rose for 15 of the 20 largest cyber insurers.
“The rate increases for cyber insurance outpaced that of the broader property/casualty industry, but the increase in cyber losses outstripped the rate hikes, which suggests more trouble for 2021 as ransom demands continue to grow,” said Sridhar Manyem, director, industry research and analytics.
Aon to sell its U.S. Retirement Business to Aquiline and its Aon Retiree Health Exchange Business to Alight
Aon and Willis Towers Watson have previously announced the divestiture of Willis Re, a set of Willis Towers Watson corporate risk and broking and health and benefits services, and Aon’s retirement and investment business in Germany.