"While AI can enhance precision and efficiency, we must preserve...
Category:
Technology
Latest
DPDP rules in monsoon session of Parliament, Digital entities to get 2-yrs to comply: Vaishnaw
"We have also kept graded punishments to protect the interests of...
Consent management, localisation, parental nod for kids on social media in focus: Experts on DPDP
"We foresee that businesses will face some complex challenges in...
Won’t compel users to accept new privacy policy: WhatsApp tells Delhi HC
Senior advocate Harish Salve, representing WhatsApp, submitted before a bench comprising Chief Justice D N Patel and Justice Jyoti Singh, “We will not enforce it until the Data Protection Bill will come out. In our case the government is the administrator of the rules…we said okay, we will wait till the Bill.”
Munich Re expands Cyber business in India, expects market size to be $150 million by 2025
“ Cyber risk coverage is a strategic focus of Munich Re and we are committed to supporting our partners in India to create a long-term sustainable market. India’s economic size and eagerness to adopt new technologies presents a unique opportunity in retail and commercial cyber as more Indians/ Indian enterprises move towards the internet of things and get connected to the internet,’’ said Hitesh Kotak, Chief Executive Officer at Munich Re India Branch, adding that with its innovative solutions, Munich Re is one of the leading providers shaping the global cyber market and responding to the challenges of evolving vulnerabilities.
Delhi govt integrating public transit systems with Google to reduce wait for buses: Gahlot
”Delhites can very soon plan their bus journeys to the minute. We’re at the final lap of integrating all our public transit systems into @GoogleIndia platform, which will utilise Open Transit Data of Delhi Govt and live data of buses to create a reliable Multi-Modal Transit planner,” Gahlot said in a tweet.
EU fines German car makers $1B over emission collusion
EU antitrust chief Margrethe Vestager said that even though the companies had the technology to cut harmful emissions beyond legal limits, they resisted competition and denied consumers the chance to buy less polluting cars.
”Manufacturers deliberately avoided to compete on cleaning better than what was required by EU emission standards. And they did so despite the relevant technology being available,” Vestager said. That made their practice illegal, she said.
Chinese nationals step down from Paytm board ahead of planned IPO; no change in shareholding
Paytm shareholders include Alibaba’s Ant Group (29.71 per cent), SoftBank Vision Fund (19.63 per cent), SAIF Partners (18.56 per cent) and Vijay Shekhar Sharma (14.67 per cent). AGH Holding, T Rowe Price, Discovery Capital and Berkshire Hathaway hold less than 10 per cent stake each in the company.
The development comes at a time when Paytm is gearing up for public listing.
British Airways settles with 2018 data breach victims
Law firm PGMBM said those affected by the data leak would receive a confidential settlement following mediation with British Airways. The resolution does not include any admission of liability by the airline, it added.
In crosshairs of ransomware crooks, cyber insurers struggle
Now, the sector isn’t just in the criminals’ crosshairs. It’s teetering on the edge of profitability, upended by a more than 400% rise last year in ransomware cases and skyrocketing extortion demands. As a percentage of premiums collected, cyber insurance payouts now top 70%, the break-even point.
Gibraltar Japan partners with Munich Re to improve underwriting experience for customers
Seigo Nakano, CIO at Gibraltar Life added: “We have seen an enormous change in the Japanese life insurance market in the past 10 years with the majority of large life insurance firms introducing automated underwriting.
Hiroko Izumisawa, Corporate Vice President at Gibraltar also added: “Our partnership with Munich Re, Japan Branch, allowed us to develop a comprehensive underwriting rule-set which covers over 270 risk factors. It enables us to automatically assess 85% of applications while digitally capturing all application data. We’ve been utilizing the underwriting engine for a couple of months, and so far, customers are reacting favorably to the enhanced application process.”
Solarwatt flexes muscles in home energy storage fight with Shell, Tesla
The wall box allows homeowners to control when and how much home-produced photovoltaics (PV) power they store, use to charge their electric vehicles (EVs), or sell to the grid.
HC issues notices to Centre, Maha over PIL claiming Truecaller breached data privacy norms
“The Truecaller app collects data of all users. It shares such data with some of its partners without the consent of users, and dumps the liability on the user,” the petitioner told the court.
“This is a manipulative set up because the user has no choice. The app also registers users for a Unified Payments Interface service without their consent, or without due process,” alleged Shashank Posture who had filed the PIL.