wefox has agreed to sell the insurance company to a group of Swiss...
Category:
Technology
Latest
PM Modi expresses concern over threats emanating from digital frauds, cybercrimes
Prime Minister Narendra Modi As a counter measure to the potential...
Social media ban for children under 16 becomes law in Australia
The law will make platforms including TikTok, Facebook, Snapchat,...
Global InsurTech sector sees record investment, surges 180 % to $2.55 billion in Q1 2021
Eight companies accounted for more than $1.13 billion in funding during the quarter, 44% of the total raised. That marks a new quarterly high for the number of mega-round fundraisings of $100 million or more.
Targeted ransomware attacks grow 767%, India among top targets
“We’ll most likely see fewer and fewer widespread campaigns targeting everyday users. Of course, that’s not to say users aren’t still vulnerable,” said Fedor Sinitsyn, security expert at Kaspersky.
“However, the primary focus will likely continue to be on companies and large organisations, and that means ransomware attacks will continue to become more sophisticated and more destructive,” he added.
India to be top spender on security solutions in APAC in 2021: IDC
“In Asia/Pacific, investments on security-related products and solutions (endpoint security, VPN, and firewalls) will experience double-digit growth in 2021 due to the increased spending by both governments and enterprises (particularly in the banking, telecom, and professional services industry),” explained Sharad Kotagi, Associate Market Analyst at IDC IT Spending Guides, Customer Insights and Analysis.
Hyundai Motor to phase out Kona EVs in domestic market amid recalls
The Kona EV is Hyundai’s bestselling EV model launched in April 2018, but the compact SUV’s image has been tainted by a series of battery fires, which prompted the automaker to recall over 75,680 units in February jointly with battery maker LG Energy Solution Ltd.
Airbus and tech firm Luminar partners to test autonomous flight tech
The two companies will work on enhancing aircraft sensing and perception, Luminar said, adding that its technology could also substantially improve the safety of existing aircraft applications.
Europe embraces digital health pass,to face security, fraud, political challenges
The EU Commission plans to award a contract this month for a central system for verifying the digital passes, which will use QR codes that can be scanned into a smartphone app. It will also provide a template to help member countries develop their own apps – though some have already readied their own versions.
There is still no consensus on whether antibody tests provide sufficient proof that a person who has recovered from COVID-19 is immune, sources involved in the efforts say.
Member states also worry about the security of personal information, though the Commission has promised the online certificates will contain minimal data: name, date of birth, the specific health information, its date of issue and a unique identifier code.
How the EU’s digital health pass scheme would work
The pass, issued by a doctor or health centre, would feature a QR code containing pre-authenticated information that a traveller has been vaccinated against COVID-19 or has received a negative PCR test result.
The QR code, printed out on a piece of paper, would serve as proof of immunity. It would also be possible to scan the code into a smartphone app.
SIA-India for unleashing full potential of all satellite bands for IoT
”Satellite-based connectivity has proven to be a cost-competitive and efficient alternative to the provision of broadband – whether directly or by extending terrestrial networks – especially in places that would otherwise be difficult or impossible to reach with terrestrial infrastructure,” said statement by SIA, a non-profit association representing the interests of communication satellite ecosystem in India. The comments come against the backdrop of TRAI inviting public views for framing licensing norms for satellite-based connectivity for low bit rate applications. The low bit rate applications are sensor-based applications used in ATMs, traffic management, vehicle tracking, IoT devices.
China could rule world’s technology, UK cyber spy chief says
“Significant technology leadership is moving East,” Fleming said at Imperial College London. “The concern is that China’s size and technological weight means that it has the potential to control the global operating system.” “We are now facing a moment of reckoning,” he said.
Data Protection:RBI bars American Express Banking Corp. and Diners Club International from on-boarding new domestic customers
These entities have been found non-compliant with the directions on “Storage of Payment System Data”.
n terms of RBI circular on Storage of Payment System Data dated April 6, 2018, all Payment System Providers were directed to ensure that within a period of six months the entire data (full end-to-end transaction details / information collected / carried / processed as part of the message / payment instruction) relating to payment systems operated by them is stored in a system only in India.