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93% of Indian executives anticipate a cyber budget increase next year: PwC
Cloud-related threats remain the foremost worry, cited by 55% of...
Insurtech firm Zopper raises $25 million in Series D funding round
"The round also saw participation from existing investor Blume...
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.
Number of active internet users in India likely to reach 900 mn by 2025, rural may lead: IAMAI
”Vernacular, Voice and Video will emerge as the game changers for the digital ecosystem over the next few years,” Biswapriya Bhattacharjee, Executive Vice President, Insights Division, Kantar said in a statement on the report.
”While internet users grew by 4 per cent in urban India — reaching 323 million users (67 per cent of urban population) in 2020, digital adoption continues to be propelled by rural India – clocking a 13 per cent growth to 299 million internet users (31 per cent of rural population) over the past year,” the report said.
Google women in US suing over gender bias win class-action status
A San Francisco state judge certified the class action Thursday, allowing the four lead plaintiffs to represent 10,800 women over claims that Google pays men more for doing the same job. A previously disclosed analysis showed that the case seeks more than $600 million in damages. The women allege violations of California’s Equal Pay Act, one of the strongest measures of its kind nationwide.
Safety ratings yanked after Tesla pulls radar from 2 Models:Consumer Reports
“If a driver thinks their vehicle has a safety feature and it doesn’t, that fundamentally changes the safety profile of the vehicle,” David Friedman, Consumer Reports’ vice president of advocacy, said in a statement. “It might not be there when they think it would save their lives.”