Christopher Waller,Governor,Federal Reserve “The technology-driven...
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Complaint lodged for impersonating CJI D Y Chandrachud, seeking money
"Hello, I am CJI and we have urgent meeting of the collegium and I...
Govt targets to open more than 3 crore PMJDY accounts during current financial year: Sitharaman
"Our target is to open more than 3 crore PMJDY accounts during the...
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.
IT minister to launch ‘Work from Anywhere’ portal, Tejas Virtual Intelligence tool at NICSI event
Prasad would also launch the ‘Work from Anywhere’ portal, a virtual environment that enables employees to ”access routine applications like e-office, calendar, mail, and other departmental applications and communicate across through VC ensuring safety during this pandemic with social distancing and work assurance from anywhere”.
Augmented automated underwriting ushers in new-age technology in life insurance:Munich Re
Munich Re Automation Solutions has unveiled a blueprint on how augmented automated underwriting will revolutionise customer experience
Indian startups attract $10.14 billion in funding in 2020: Report
In terms of sectors, e-commerce attracted the highest investment with $3 billion, followed by fintech at $2.37 billion and edtech at $1.52 billion.
The report said Bengaluru, Delhi NCR and Mumbai accounted for 90 per cent of the startup investments in the country, signalling concentration of angel investors and appetite in these regions.
Bengaluru led with $4.3 billion in startup investments, followed by Delhi NCR ($3 billion) and Mumbai ($2 billion).Globally, startups raised over $308 billion in funding, with the US garnering $165 billion.
RBI says it is open to exploring possibility of digital version of fiat currency
“In India, the regulators and governments have been sceptical about these currencies and are apprehensive about the associated risks.”Nevertheless, the RBI is exploring the possibility as to whether there is a need for a digital version of fiat currency and in case there is, then how to operationalise it,” the RBI said in its booklet on ‘Payment Systems in India — Journey in the Second Decade of the Millennium’.
US leading race in artificial intelligence, China rising: Survey
“The Chinese government has made AI a top priority and the results are showing,” said Daniel Castro, director of the think tank’s Center for Data Innovation and lead author of the report.