In a statement Tuesday, RBI said it has come to their notice that...
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Prudential launches global AI Lab in Singapore, to improve consumer access to quality healthcare
Anil Wadhwani, Chief Executive Officer, Prudential plc, said:...
Meta fined €798 million by EU over abusing classified ads dominance
“Meta tied its online classified ads service Facebook Marketplace...
India wearables market touches 11.4 mn units in March 2021 quarter: IDC
From style to health monitoring, the wearables have now become one of the most sophisticated devices in recent times. The category is witnessing a constant shift in the competitive landscape with new players entering the segment. The second wave of the pandemic has caused a sudden stir across vendors and channel partners, impacting the planned launches to postpone and delay in deliveries,” Jaipal Singh, Associate Research Manager (Client Devices) at IDC India, said.
Digital divide is there but incorrect to say villages are left out, says CoWIN chief
“The very fact more than half the population in the age group of 45+ are walk-ins and are getting vaccinated, it is proof enough of inclusivity of the system. Obviously problem is occurring in 18- 45 age group because of the fact that supply of vaccine is low. Let me tell you this problem is also a temporary problem, this problem will go away let’s have a little bit of a patience,” he added.
Digitalisation needed for smooth international air travel restart: IATA
“Without an automated solution for COVID-19 checks, we can see the potential for significant airport disruptions on the horizon. Already, average passenger processing and waiting times have doubled from what they were pre-crisis during peak time — reaching an unacceptable three hours,” said Willie Walsh, IATA’s Director General. “And that is with many airports deploying pre-crisis level staffing for a small fraction of pre-crisis volumes. Nobody will tolerate waiting hours at check-in or for border formalities,” he said.
Japan’s Biggest Dating App Hack Exposes Two Million Accounts
Net Marketing Co., which runs the Omiai dating app, said that it found evidence of unauthorized access to its servers in April. Among the data exposed were photos of ID used to confirm the age of users, including drivers’ licenses, insurance cards and passports. Credit card data was not leaked in the hack, the firm said on Friday, adding that it had yet to confirm misappropriation of the personal information.
New Zealand hospitals under prolonged IT outage from ransom hack
There’s been no official word on whether the attackers had demanded a ransom. Last week Snee told reporters that there would be no ransom payment and that the board had backups for all its files that it would use to rebuild its system.
Electric 2-wheelers to account for 8-10% of sales by 2025; 30% by 3-wheelers: ICRA
Globally, EVs now account for 4.4 per cent of new car sales during CY2020 and their share is likely to cross 5 per cent level this calendar year, as per ICRA.
Govt says new digital rules don’t violate privacy; seeks compliance report from social media cos
The new rules, announced on February 25, require large social media platforms to follow additional due diligence, including the appointment of chief compliance officer, nodal contact person and resident grievance officer. Non-compliance with rules would result in these social media companies losing their intermediary status that provides them exemptions and certain immunity from liabilities for any third-party information and data hosted by them. In other words, they could be liable for criminal action in case of complaints.
Cyber crime is growing risk to bank ratings: S&P
Cyber attacks can harm credit ratings mainly through reputational damage and potential monetary losses, it said in a report titled ‘Cyber Risk In A New Era: The Effect On Bank Ratings.’
“Cyber attacks have had only a limited effect on bank ratings to date but can trigger more rating actions in the future as cyber incidents become more frequent and complex,” said Credit Analyst Irina Velieva.
WhatsApp sues India govt, says new media rules mean end to privacy -sources
The lawsuit, described to Reuters by people familiar with it, asks the Delhi High Court to declare that one of the new rules is a violation of privacy rights in India’s constitution since it requires social media companies to identify the “first originator of information” when authorities demand it.
While the law requires WhatsApp to unmask only people credibly accused of wrongdoing, the company says it cannot do that alone in practice. Because messages are end-to-end encrypted, to comply with the law WhatsApp says it would have break encryption for receivers, as well as “originators”, of messages.
FB, Google working on complying with social media rules as deadline looms
The new rules, announced on February 25, require large social media platforms like Twitter, Facebook, Instagram and WhatsApp to follow additional due diligence, including the appointment of a chief compliance officer, nodal contact person and resident grievance officer.