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Legacy tech hindering pricing and profitability, says report
While the buzz around AI is inescapable and the potential benefits...
Govt issues guidelines for ‘Model Solar Village’ under PM-Surya Ghar: Muft Bijli Yojana
The Government of India approved the PM-Surya Ghar: Muft Bijli...
RBI unveils ‘One Nation One Ombudsman’ for grievance redressal of financial consumers
The RBI has said major payment system operators in the country would be required to facilitate setting-up of a centralised industry-wide 24×7 helpline for addressing customer queries in respect of various digital payment products and give information on available grievance redress mechanisms by September 2021.
Unequal allocation of vaccines could cost the world economy $9.2 trn
“With the virus mutating, no country is safe until the whole world is inoculated and achieves herd immunity,” said Chua Hak Bin, senior economist at Maybank Kim Eng Research Pte in Singapore.
Over 290,000 cyber security incidents related to banking reported in 2020
“The percentage rise in digital transactions is 46 per cent in 2020 in comparison to 2018-19,” he said.
The numbers of digital transactions have increased from 3,134 crore in the financial year (FY) 2018-19 to 4,572 crore in FY 2019-20, Dhotre added.
Brazil’s Eletrobras says nuclear unit hit with cyberattack
The network that was attacked by ransomware is not related to the operational systems of nuclear energy plants Angra 1 and Angra 2, said Centrais Eletricas Brasileiras, as Eletrobras is formally known.
Subsidiary Eletronuclear has suspended use of some of its administrative software to protect its data, the company said in the filing.
Stone Point Capital and Insight Partners to acquire CoreLogic for $6 billion
Chuck Davis, CEO of Stone Point Capital, said, “CoreLogic is a mission critical vendor and data provider across industry sectors in which Stone Point has specialized over the past 20 years, including mortgage, residential real estate and P&C insurance. CoreLogic’s proprietary data assets are increasingly important to its customers, and we look forward to leveraging our network within the broader financial services industry to support the company’s next phase of growth.”
Maharashtra: Uddhav Thackeray launches scheme for startups to help file IT patents
“Our goal is to make the state number one in various skill development schemes and startups. A number of schemes have been undertaken for this purpose and new schemes will be added in the future as well. It has been proposed to set up an international standard Center for Skill Development in Mumbai and courses in ITIs are being updated in a timely manner,” Malik said.
Govt blocked 296 mobile apps since 2014, says Union minister Sanjay Dhotre
He said several reports had been received about some of these apps being misused for ”… for stealing and transmitting user data such as financial data, permission for accessing of all possible data available in device, etc and real-time activity surreptitiously to servers located outside India”.
IIT Mandi-led team develops AI app to track home quarantined COVID patients
The mobile application, dubbed LakshmanRekha, uses a combination of biometric verification, geofencing and AI so that no patient can breach the assigned quarantine space.
Geofencing technology uses GPS signals to determine when a person enters a certain boundary.
Majority of companies expect COVID-19 to continue impacting their business next year:Aon Survey
Rory Moloney, Chief Executive Officer, Global Risk Consulting, Aon, said: “There is no question that the COVID-19 pandemic will permanently change the way companies operate. There is a long way to go before we are in the ‘post-COVID era’, but as we move towards a recovery phase, companies must now ask what risk management and resilience should look like going forward. Among the top priorities for companies seeking to reshape their business are the new and accelerated use of technology, redeploying resources, workforce planning and rethinking the future of work—this is only the beginning of a much more long-term evolution in risk management.”
Data of 25 lakh Airtel customers in J-K allegedly leaked; telco claims no breach in server
A sample of the leaked database was shared on Twitter by cybersecurity researcher Rajshekhar Rajaharia which shows masked details of the subscribers. Rajaharia also shared a video of an email conversation between Bharti Airtel and the hackers with the name of ‘Red Rabbit Team’.