This system is being deployed in two phases: first, at the TSP...
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Scammers creating 1,000 phishing domains a day, celebs deepfake videos
The cyber security firm said that by leveraging its deepfake...
Nilesh Garg quits as MD &CEO of Tata AIG General Insurance
Nilesh Garg, MD& CEO, Tata AIG General Insurance It is...
China declares war on cryptocurrency mining, stirring wider fear
China’s Inner Mongolia, the autonomous region, a favourite among the industry because of its cheap power, also banned new digital coin projects, according to a draft plan posted on the Inner Mongolia Development and Reform Commission’s website February 25.
The aim is to constrain growth in energy consumption to about 1.9 per cent in 2021.
Munich Re partners with Google Cloud and Allianz for Cyber Insurance
The joint offering, achieved by linking technology with insurance know-how and facilitating the sharing of in-depth data, brings a new level of maturity to the market.
Munich Re and AGCS have developed the Cloud Protection + policy exclusively for Google Cloud customers.
The policy will initially be offered to Google Cloud customers in the United States and will be available to organisations with revenues of between US$ 500m and US$ 5bn. At a later stage, the scope will be extended to include organisations in other revenue segments and countries.
Hackers are going after SBI users with a scam that offers credit points worth ₹9,870
According to the investigation by New Delhi-based think tank CyberPeace Foundation along with Autobot Infosec Private Ltd, the website collects data directly without any verification and is registered by a third party instead of having the registrant organisation name of State Bank of India, making it all the more suspicious.
Insurtech platform premiums to exceed $556 Billion globally in 2025, as AI drives market transformation
Insurtech to Represent 8% of Global Insurance Premiums by 2025
The top 5 leading vendors were found to be:Ping An,Axa,Munich Re,Humana and Allianz.
The report identified that weakened customer loyalty, and the driving down of premiums by increased competition and the shift to digital will cause seismic change in insurance over the next five years.
Mumbai power outage could have been Chinese cyber sabotage, says minister
Deshmukh was speaking a day after a New York Times report said that the power outage on October 12 last year was part of a Chinese cyber campaign against India, even as the two countries were locked in a fierce border battle.
Machine learning could aid mental health diagnoses: Study
Patients with depression or psychosis rarely experience symptoms of purely one or the other illness. Historically, this has meant that mental health clinicians give a diagnosis of a ‘primary’ illness, but with secondary symptoms. Making an accurate diagnosis is a big challenge for clinicians and diagnoses often do not accurately reflect the complexity of individual experience or indeed neurobiology.
Reliance partners with Google, FB for digital payment network bid: Report
Last year, India’s central bank invited companies to forge new umbrella entities (NUEs) to create a payments network that would rival the system operated by the National Payments Council of India (NPCI), as it seeks to reduce concentration risks in the space.
Fintech players get $2.7 bn from VCs in 2020: Report
As against this, global fintech investments stood at a whopping $105 billion across 2,861 deals in the year, the third-highest annual total ever, as per the data collated by KPMG India.
Specialty insurer and reinsurer SiriusPoint launches with over $3bn in capital
“We aspire to be a disruptive force in the industry and drive technology innovation – with skilled underwriting at the core of everything we do. We have set a goal to challenge the status quo and define new ways of conducting business with diversity of thought and expertise. I am very excited about our future. We are building a company and a culture we can be proud of.”
Govt sets 50 lakh users threshold to define ‘significant social media intermediary’ under IT rules
The move aims to make social media platforms like Facebook, WhatsApp, Twitter and Instagram – which have seen a phenomenal surge in usage over the past few years in India – more accountable and responsible for the content hosted on their platform.