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Govt to hire 2 pvt sector professionals as JSs to manage MoF’s Cyber Security and Investment assignments
This is for the first time, the government has advertised to hire a...
McKinsey sees AI surge boosting consulting amid industry slump
Among those deploying automation rapidly are the traditional and...
New Microsoft programme to nurture health tech startups in India
“Our partnership with Microsoft for HealthTech startups will focus on enabling these companies to fast track their progress with some of the best technology resources and accelerate their innovation pathways.”.
Aon develops $70mn in alternative capital capacity to transfer systemic cyber risk
The cover allows for limits of up to USD 70 million and will protect against increasing cyber loss aggregations on re/insurers’ balance sheets. The product is structured to protect the cedent from the effects of catastrophic cyber market losses stemming from events such as self-propagating malware or wiperware, distributed denial of service, a significant cloud outage or certificate revocation.
LIC launches industry’s first digital tool to issue a policy through a paperless module
The digital application is a tool for the on boarding process to get the life insurance policy through a paperless module with the help of the agent / intermediary.It is built on paperless KYC process using Aadhaar based e-authentication of the life proposed
Govt releases backend code of Aarogya Setu to enhance transparency
“Releasing backend code will help people in understanding the complete functioning of the app. This will clear any doubt that they have regarding privacy and security of their data,” a MeitY official explained.
At 12 billion, IoT connections to surpass non-IoT devices in 2020
“By 2025, it is expected that there will be more than 30 billion IoT connections, almost 4 IoT devices per person on average,” said Knud Lasse Lueth, Founder and CEO of IoT Analytics.
Will finalise data protection law very soon: Ravi Shankar Prasad
Prasad said major global companies, including from India, have committed to invest close to Rs 11 lakh crore in the next five years and proposed to manufacture mobiles and components, out of which Rs seven lakh crore would be only for exports.
Nasdaq to buy financial fraud detection firm Verafin for $2.75 billion
“The problem of detecting money laundering and fraud hasn’t been solved very well yet,” Valerie Bannert-Thurner, senior vice president and head of sell-side and buy-side solutions, market technology at Nasdaq, said in an interview. “With our acquisition we are doubling down on our belief this as an area that is being disrupted and where we can have a big impact.”
Up to $2 trillion is laundered globally each year, representing up to 5% of global GDP, according to the United Nations.
New internet rules to give Pakistan blanket powers of censorship
A service provider or social media company could face a fine up to 500 million rupees ($3.14 million) for non-compliance, which would in turn trigger a mechanism preventing the uploading and live streaming, particularly related to “terrorism, hate speech, pornography, incitement to violence and detrimental to national security”.
A platform has to act within 24 hours or, in case of an emergency, six hours to remove content. The rules also empower the telecom authority to block an entire online system.
Large Boeing 737 MAX customers signal caution on orders amid COVID-19
When the 737 MAX was grounded globally in March 2019 following two fatal crashes, airlines canceled flights because they lacked enough airplanes to meet strong travel demand.
Now many have parked jets or even gone out of business in the pandemic, creating challenges for Boeing as it tries to find homes for 737 MAX jets that are built but now lack buyers.
Russian economy set to lose $45 bln to cyber crime in 2020
The coronavirus pandemic has exacerbated cybersecurity concerns as more transactions are now made online rather than with cash after lockdown measures and health restrictions reduced footfall in shops across the world.