Expressing concern over the rising sums of money lying in such...
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wefox agrees to sell insurance carrier to a group of Swiss companies led by BERAG
wefox has agreed to sell the insurance company to a group of Swiss...
PM Modi expresses concern over threats emanating from digital frauds, cybercrimes
Prime Minister Narendra Modi As a counter measure to the potential...
Google must face shareholder lawsuit claiming it hid security risks
The lawsuit, led by the state of Rhode Island, followed an October 2018 Wall Street Journal article that said Google concealed the exposure of private data for nearly 500,000 Google+ users because it feared regulatory scrutiny and reputational harm.
French chef seeks $1.9 million from Allianz for Covid-19 BI losses
Tensions between French restaurant operators and insurers over such claims have failed to dissipate after a year of public fights and legal disputes. AXA, which was ordered to compensate some restaurants, offered a 300 million-euro settlement to its policyholders last week, seeking to appease clients.
‘Digital dumpsites’ study highlights growing threat to children: UN health agency
Informal methods of removing materials from e-waste have been linked to a range of health effects, especially in children, WHO said.
Recycling e-waste particularly impacts those in vital stages of physical and neurological development, with children, adolescents and pregnant women most vulnerable.
IT cos to slash 3 million jobs; 30% of low-skill force by 2022: BoA
The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA.
GM boosts spending on electric vehicles, to add two new U.S. battery plants
“EV adoption is increasing and reaching an inflection point,” GM Chief Financial Officer Paul Jacobson told reporters on a conference call. “We want to be ready to be able to produce the capacity that we need to meet demand over time.”The No. 1 U.S. automaker said it will now spend $35 billion through 2025 on EVs, an increase of 75% from March 2020 before the COVID-19 pandemic shut down the industry.
Alibaba victim of huge data leak by consultant: Chinese Court
A central Chinese court ruled that an employee of a consultant that helps merchants on Alibaba’s Taobao online mall was guilty of dredging up more than a billion data items on Taobao users since 2019, using that to serve clients. The court imposed jail terms of more than three years on the staffer and his employer, alongside fines totaling 450,000 yuan ($70,260).
NHAI makes monthly drone survey mandatory for all NH Projects
Since these videos will be permanently stored on the ‘Data Lake’, they can also be used as evidence during the dispute resolution process before Arbitral Tribunals and Courts.
Indian tech firms struggling with Covid-19 trauma
Indian tech firms help young workers in Covid trauma
There is a cultural hurdle companies need to cross as they help staff. Consulting a psychologist or a psychiatrist is often taboo in India so companies sometimes camouflage their support. Workers are given access to “life coaches,” not psychologists, and they’re measured on a “happiness index,” rather than an anxiety or depression scale.
Twitter loses intermediary status over non-compliance with new rules
“The provisions for significant social media intermediaries under the Rules have already come into force on May 26 2021 and it has been more than a week but Twitter has refused to comply with the provisions of these Rules. Needless to state, such non-compliance will lead to unintended consequences including Twitter losing exemption from liability as intermediary available under section 79 of the Information Technology (IT) Act, 2000. This has clearly been provided under rule 7 of the aforesaid Rules,” it said.
Hong Kong watching Chinese nuclear plant after leak reported
Government data showed radiation levels in Hong Kong were normal Monday night, Chief Executive Carrie Lam said. Data on Tuesday from the Hong Kong Observatory showed radiation still normal.
A French company that helps manage the Taishan Nuclear Power Plant in Guangdong province said Monday it was dealing with a performance issue. It said the facility was operating within safe limits.