V Anantha Nageswaran,Chief Economic Advisor Speaking at the ninth...
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India fought COVID-19 pandemic much better than other nations: Vardhan
Emphasising how each and every component of the government acted in sync to control the pandemic, Vardhan noted, ”With all the efforts, it was important to teach COVID-appropriate behaviour, for which our PM personally addressed nation eight to nine times.”
”Caller tune was set to inform COVID-appropriate behaviour; the AarogyaSetu app gave warning of nearby affected people; around 160 million people downloaded it.” Vardhan expressed his deep gratitude to the scientific community for their contribution in developing and testing COVID-19 vaccine.
Indians feel ordering in food is safe, but online dating is the least-secured activity
McAfee Corp. on Wednesday announced findings from its’2021 Consumer Security Mindset Report’, revealing that while the shift to a digital-first life was brought on by the global pandemic, Indian consumers have shown an increased online footprint.
Activities like online banking(68 per cent), financial planning (55), and personal shopping (63) were at the top of the list.
Mark Zuckerberg defends WhatsApp privacy policy amid India backlash
The WhatsApp policy has now been put on hold till May 15. It aims to share commercial user data with parent Facebook. The Indian government has also written a letter to WhatsApp CEO Will Cathcart to withdraw the policy.
“All of these messages are end-to-end encrypted, which means we can’t see or hear what you say and we never will, unless the person that you message chooses to share it and business messages will only be hosted on our infrastructure if the business chooses to do so,” Zuckerberg said.
Financial operations of FB, Google, Amazon regulated: RBI, Sebi tell HC
The submission by Sebi and Reserve Bank of India have been made in response to a PIL seeking a detailed legal framework for regulating operations of techfin companies such as Facebook, Google and Amazon in India’s financial sector space.
India needs a healthcare regulator, will facilitate premium reduction:Economic Survey
The mitigation of information asymmetry, that will be ensured by the proposed healthcare regulator,would also help lower insurance premiums, enable the offering of better products and help increase the insurance penetration in the country,said the pre-Budget document tabled in Parliament on Friday.
Record-high InsurTech funding of $7.1 billion achieved in 2020
Compared with 2019, total funding increased by 12%, while deal volume increased by 20%. InsurTechs raised $2.1 billion across 103 deals during Q4, with 67% of the funds attracted by property/casualty-focused firms. Life & health InsurTechs saw a modest decrease in deal share of 1.6 percentage-points in the quarter, and an 8.4 percentage-point decline in total funding over Q3, 2020.
India turns to artificial intelligence for better and faster economic data
The Ministry of Statistics is ramping up use of artificial intelligence for collecting, analyzing and reporting data to better monitor the economy. The measures include a $60 million program with World Bank help using an information portal that collates real-time data.
“Because of the changing landscape, there’s a growing need for more and more data, faster data and also more refined data products,” Statistics Secretary Kshatrapati Shivaji said in an interview. With end-to-end computerization, “this type of automation will enhance the quality, credibility and timeliness of data.”
Over 13,000 malware threats detected every hour in 2020: Report
“Attackers are going to innovate and roll out new ways to target businesses in 2021. It is, therefore, essential for them to invest in robust cybersecurity solutions that can prevent them from being prey to the evolving threat landscape,” said Himanshu Dubey, Director, QuickHeal Security Labs .
Google says North Korea-backed hackers sought cyber research
While the country has denied involvement, North Korea has been linked to major cyberattacks, including a 2013 campaign that paralysed the servers of South Korean financial institutions, the 2014 hacking of Sony Pictures, and the WannaCry malware attack of 2017.
Cyber Insurance- a must for Enterprises
A cyber insurance cover is a must especially for corporates as it is designed to help an organization mitigate risk exposure by offsetting costs involved with recovery after a cyber-related security breach or similar event.
Currently, insurance covers are designed to protect against a number of cyber exposures that can impact businesses including direct costs to the corporates as well as claims/losses from third parties.