The companies also face significant exposure from hundreds of...
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Insurance industry can collaborate with telcos, e-comm, fintechs for deepening reach: LIC chief
Siddartha Mohanty, MD & CEO, LIC "Current channels, including...
EU AI Act checker reveals Big Tech’s compliance pitfalls
Companies failing to comply with the AI Act will face fines of 35...
Automatic recurring payment to comply with RBI direction from April 1
Under the new norms, banks will be required to inform customers in advance about recurring payment due and transaction would be carried following nod from the customer. So the transaction would not be automatic but would be done after authentication from the customer.
Ever Given ship in Suez Canal moved ‘80%’ in right direction
The MV Ever Given, longer than four football fields, has been wedged diagonally across the canal since Tuesday, strangling world supply chains and costing the global economy billions.
Suez Canal Authority (SCA) chief Osama Rabie said Monday that rescue efforts with tugs had succeeded in shifting the front and back of the ship.
India says video streaming platforms should be held responsible for content
India tightened its grip on social media firms such as Facebook and Twitter. The rules, called the “Intermediary Guidelines and Digital Media Ethics Code”, also require firms such as Netflix and Amazon’s Prime Video to classify content into categories based on viewers’ age.
Insurer CNA hit by ‘Sophisticated’ cyber attack
Upon learning of the incident on March 21, the insurer said it immediately engaged forensic experts to investigate and determine the full scope of this incident. That investigation is ongoing.
Highways Ministry asks NHAI, automakers to tighten IT security after cyber attack threats
“The Ministry of Road Transport and Highways received an alert from CERT-In regarding targeted intrusion activities directed towards Indian Transport sector with possible malicious intentions. The Ministry has advised departments and organisations under transport sector to strengthen the security posture of their infrastructure,” the Ministry said in a statement.
Chola MS Risk Services partners with Denxpert EHS&S Software to Launch regulatory software backed by EU
Denxpert Legal is a digital tool for regulatory mapping and assurance in matters pertaining to Environment Health and Safety. This solution will help industries comply with legal regulations at both facility and the corporate level.This program has been supported by the European Union under an innovation program called ‘Innowwide’ that involves a stringent selection process.
Software vendors would have to disclose breaches to U.S. govt users under new draft order: Report
The proposed order would adopt measures long sought by security experts, including requiring multi-factor authentication and encryption of data inside federal agencies.
The order would impose additional rules on programs deemed critical, such as requiring a “software bill of materials” that spells out what is inside. An increasing amount of software activates other programs, expanding the risk of hidden vulnerabilities.
HDFC Bank, SBI, others not adhering to norms on bulk SMSes, says Trai
“As sufficient opportunity has been given to principal entities/ telemarketers to comply with the regulatory requirements and that the consumers cannot be deprived of the benefits of the regulatory provisions any further, therefore it has been decided that from April 1, 2021, any message failing in the scrubbing process due to non-compliance of regulatory requirements will be rejected” by the system, TRAI said in a statement.
TRAI’s norms for commercial messages, based on blockchain technology, aim to curb unsolicited and fraudulent messages.
Financial services space set for disruption over next 10 years: Kamath
Citing the first wave of change brought about in the banking space 20 years ago, Kamath said it changed the sector in a positive way.
“Unless you internalise it’s going to be a digital world…we will see a very quick evolution of this space in the next 10 years. It’s not just bank but entire financial services space is set for disruption, not necessarily a negative way, it can be also in a positive way,” the former president of New Development Bank said.
New wave of ‘hacktivism’ adds twist to cybersecurity woes
According to a U.S. counter-intelligence strategy released a year ago, “ideologically motivated entities such as hacktivists, leaktivists, and public disclosure organizations,” are now viewed as “significant threats,” alongside five countries, three terrorist groups, and “transnational criminal organizations.”