Technology

Cook did not call for specific goals during his remarks but disclosed that Apple is assisting 95 of its suppliers to transition to renewable energy, up from a figure of 70 disclosed in July. The iPhone maker earlier this year said it has become carbon-neutral for its corporate operations and set out plans to make its full supply chain and product lineup carbon-neutral by 2030.

LIC allows online switching of ULIPs, goes multilingual on call centre

Dec 11, 2020 | Indian News, Life, Technology

LIC’s policyholders can now avail of its improved customer centric initiatives including online facility for switching of funds under ULIP policies has been introduced through LIC’s Customer Portal for policyholders registered for premier services, on policies on their own life and on the lives of their minor child/children with effect from Dec 07.

Pfizer/BioNTech vaccine docs hacked from European Medicines Agency

Dec 10, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

Pfizer and BioNTech said documents relating to their vaccine candidate had been accessed, but that “no systems have been breached in connection with this incident.”

Cybercriminals have tried to attack several pharmaceutical companies developing vaccines including Johnson & Johnson, Novavax, AstraZeneca and South Korean laboratories, according to the Wall Street Journal.

Cyber attacks seen on coronavirus vaccine infrastructure: U.S. Senator Peters

Dec 10, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Risk Management, Technology

“IBM recently released a very disturbing report detailing cyber attacks on COVID-19 vaccine distribution infrastructure,” Peters told a congressional hearing. “Just last month a cold-chain storage company also reported that they were the target of a cyber attack.”

U.S. cybersecurity firm FireEye discloses breach, theft of internal hacking tools

Dec 9, 2020 | Eco/Invest/Demography, International News, Risk Management, Technology

The FireEye breach was disclosed in a blog post authored by CEO Kevin Mandia. The post said “red team tools” were stolen as part of a highly sophisticated, likely “nation-state” hacking operation. It is not clear exactly when the hack initially took place.

Cyber risk is new threat to financial stability: IMF

Dec 9, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

“Given strong financial and technological inter-connections, a successful attack on a major financial institution — or on a core system or service used by many — could quickly spread through the entire financial system, causing widespread disruption and loss of confidence.” said Jennifer Elliott and Nigel Jenkinson of IMF’s Monetary and Capital Markets Department

Round-the-clock RTGS from December 14

Dec 9, 2020 | Eco/Invest/Demography, Indian News, Technology

“Round the clock availability of RTGS will provide extended flexibility to businesses for effecting payments and will enable introduction of additional settlement cycles in ancillary payment systems.

“This can also be leveraged to enhance operations of Indian financial markets and cross-border payments,” the RBI said.

Antitrust lawsuits could force Facebook to sell Instagram and WhatsApp

Dec 9, 2020 | Eco/Invest/Demography, International News, Risk Management, Technology

The lawsuits are the biggest antitrust cases in a generation, comparable to the lawsuit against Microsoft Corp in 1998. The federal government eventually settled that case, but the yearslong court fight and extended antitrust scrutiny prevented the company from thwarting competitors and is credited with clearing the way for the explosive growth of the internet.

Ambani hints at 5G rollout in second half of 2021

Dec 8, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Technology

5G is the 5th generation mobile network that enables connecting virtually everyone and everything together including machines, objects, and devices.

“We are creating compelling home-grown solutions in education, healthcare, agriculture, infrastructure, financial services and new commerce,” Mukesh Ambani said. “Each of these solutions, once proven in India, will be offered to the rest of the world to address global challenges.”