Category:

Technology

Data sharing, cybersecurity top concern areas for banks, customers: Deloitte

Observing that not only banks, but even customers are wary of data sharing, it said, “Cybersecurity and data protection are the top concern areas across all age groups, followed closely by wariness towards third-party access to data and transparency on data usage”.

Over the years, the value of data has reached unprecedented levels.

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Covid-19 accelerates shift towards digitalisation: Infosys-Milken report

The report finds that the shift to remote work has allowed employers to hire talent beyond where they physically operate. Some firms have used this opportunity to double down on diversity and inclusion. The Covid-19 pandemic has changed employment forecasts for different sectors. Although utility companies experienced the smallest decline in employment during Covid-19, it is projected to have the largest decline of any sector over the next decade.

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Govt open to evaluate, explore cryptocurrencies, says Thakur

A High-Level Inter-Ministerial Committee (IMC) was constituted under the Chairmanship of Economic Affairs Secretary on digital currencies and it has submitted its report.

The government would take a decision on the recommendations of the IMC and the legislative proposal, if any, would be introduced in Parliament following the due process, he said while inviting suggestions and views on this issue.

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Centre’s social media regulation lacks teeth, says Supreme Court

The top court said that there is nothing in the rules to control the inappropriate content on these platforms and without legislation it may not be possible to control it.

A perusal of the Rules indicate that the Rules are more and more in the form of guidelines and have no effective mechanism for either screening or taking appropriate action for those who violate the guidelines, the bench said in its order.

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Why world’s power grids are increasingly vulnerable to cyber attacks

“Essential state infrastructures like power grids and nuclear reactors have been and will continue to be a target of cyber attacks because modernization allows internet connectivity, which makes them vulnerable,” said Kim Seungjoo, a professor at Korea University’s School of Cybersecurity.

“It’s almost a natural instinct of hackers, especially the state-sponsored ones, to attack energy infrastructure because they can easily disrupt national security.”

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Stand-alone cyber insurance products to benefit both insurers and policyholders:S&P

Although cyber attacks and the resulting financial losses are on the rise, the cyber insurance market is underdeveloped. Cyber cover is often bundled into existing property or liability insurance policies, and in some cases, the policies do not explicitly include or exclude cyber cover at all. This gives rise to “silent cyber”, or the risk to insurers of losses from cyber-related claims on existing property or liability insurance policies.

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