Digital payment frauds saw a more than fivefold jump to 14.6...
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California lawmakers pass AI safety bill
The bill requires developers of large "frontier" AI models to take...
Deepfake technology to be serious menace, govt should look into it: Delhi HC
“You ( Central government) will have to start working on this. You...
Swiss Re and Diameter Health join forces for breakthrough in digital health data
First ever scalable solution to use electronic clinical health data for life insurance underwriting.Will greatly help life insurers improve the speed and quality of their
underwriting
Insutech Trov to launch cover for fully electric London-based fleet
“This partnership with UFODRIVE is the first of, hopefully, many for Trov within the UK market and highlights the vital convergence of the future of transportation with the future of insurance. We’re delighted to help them manage their holistic risk effectively, so they can focus on bringing more sustainable transport options to consumers and businesses in London and beyond,” said Ed Axon, Global Head of Business Development at Trov.
Suspected Russian hackers gained edge through tech firm attacks
“Attackers are getting more sophisticated, and pursuing persistence over time instead of smash and grab techniques,” said Jim Jaeger, a former U.S. Air Force brigadier general who is now president and chief cyber strategist at the cyber investigations firm Arete Advisors LLC. “Now they’re aspiring to use cyber-security tools to get inside our networks. They’re taking our safeguards and using them against us.”
Cryptocurrency crime drops in 2020 but decentralized finance breaches rise:Study
Fraud was the dominant cryptocurrency crime in 2020, followed by theft, and ransomware. Half of all thefts, or about $129 million, were hacks tied to decentralized finance (DeFi), which are transactions on platforms that facilitate lending outside of banks.
IRDAI chief cautions India Inc on Cyber Risks, 14 general insurers issue 38,000 individual cyber covers
Khuntia was addressing “ The Global Cyber Insurance Summit 2021”,the first -ever such international event organised virtually, on Friday,by GIC Re, Data Security Council of India and City of London Corporation, to identify and discuss leading cyber risks faced by corporates
According to a senior Marsh India official , not more than 400 to 500 Indian corporates that have bought cyber policies
The average policy size of a cyber insurance policy, in the BFSI segment, ranges from $ 1-50 million while a few have taken covers for $ 300 million and the largest policy size in this segment is at $ 400 million.
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.