Senior Northeast Frontier Railway (NFR) official said, “Kavach has...
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Centre takes action against electricity KYC update scam, blocks 392 mobile phones
The Department of Telecommunications (DoT) utilised the ‘Chakshu’...
US Surgeon General calls for social media warning labels to protect adolescents
Vivek Murthy, Surgeon General,US US Surgeon General Murthy wrote in...
Swiss Re sees positive outlook for renewals, further market hardening expected
Overall, Swiss Re expects the non-life insurance market to continue to grow, driven primarily by exposure growth. Swiss Re Institute forecasts a global growth rate of 3.3% in real terms for 2021. Other factors driving demand are the awareness, triggered by COVID-19, of the danger of being uninsured and the increasing frequency of weather-related events.
Swiss Re is making use of advanced technology to lead the way in underwriting. This includes enriching client exposure information with geospatial data to improve both the accuracy and speed of risk and loss assessments. In contracts, natural language processing complements human contract reviews, which helps to flag favourable vs potentially problematic clauses and generate new wording insights
Telemedicine market in India to reach USD 5.5 billion by 2025: EY-IPA study
“As the COVID-19 pandemic throws unprecedented challenges, consumer behaviour and patterns are changing dramatically. With the new norms of ‘social distancing’, traditional ways of in-person doctor-patient interaction are being digitally enabled by remote consultations,” Indian Pharmaceutical Alliance (IPA) Secretary-General Sudarshan Jain said.
Customers buying high-value products through credit card EMIs at all-time high:HDFC Bank
The ‘millennia’ is driving a bulk of new card acquisitions and accounts for a big part of the customer portfolio now, he said adding that the proportion of cards sourced digitally in the new line is three times that for others.
China unveils global data security initiative, says some countries bullying others
China’s initiative calls for technology firms to prevent the creation of so-called backdoors in their products and services that could allow data to be obtained illegally, as well as for participants to respect the sovereignty, jurisdiction and data management rights of other countries.
It also calls for participants to not engage in large-scale surveillance of other countries or illegally acquire information of foreign citizens through information technology.
Govt mulls installing EV charging kiosks at around 69,000 petrol pumps
According to the industry estimates, there are around 69,000 petrol pumps in the country. The EV charging facility at all petrol pumps could boost e-mobility in a big way as lack of such infrastructure discourages people from buying EVs.
Fintech the way forward for Indian banking, payment system: SBI MD
Giving the example of SBI, he said, 91 per cent of jobs are being done digitally now, which was unthinkable 35 years ago.
“We believe that this 91 per cent will become 100 per cent. For a bank like State Bank of India, and other banks obviously, everything is going to move digitally. There is no doubt about that. Penetration of smartphones is also going to increase,” he said at a virtual conference organised by the Confederation of Indian Industry (CII).
Going forward, he said, branches are going to become nothing but distribution points like what has happened in Europe and other places
Total expected onshore U.S. insured losses from Hurricane Laura around $9bn – $13bn:RMS
RMS estimates an additional US$1.0bn to US$2.0 billion of insured losses to offshore platforms, rigs, and pipelines in the Gulf of Mexico, due to wind and wave-driven damages. Offshore losses were estimated using the September 2020 vintage of the RMS Offshore Platform Industry Exposure Database
Prime Minister Modi’s personal website’s Twitter account hacked
.“We’re aware of this activity and have taken steps to secure the compromised account. We are actively investigating the situation. At this time, we are not aware of additional accounts being impacted. Advice on keeping your account secure can be found here,” a Twitter spokesperson said in an emailed statement.The tweets, which have since been taken down, asked the followers to donate to the PM National Relief Fund through cryptocurrency.
Govt bans 118 more mobile apps, including PUBG
It said the IT Ministry had received complaints from various sources, including several reports about misuse of some mobile apps available on Android and iOS platforms for stealing and surreptitiously transmitting users’ data to servers outside India.
North Korean hackers ramp up bank heists: U.S. government cyber alert
“North Korean cyber actors have demonstrated an imaginative knack for adjusting their tactics to exploit the financial sector as well as any other sector through illicit cyber operations,” Bryan Ware, a senior cybersecurity official at the U.S. Homeland Security Department, said in a prepared statement.
Cybersecurity experts and foreign policy analysts have said these types of hacking operations are conducted to help fund the North Korean government, which is cash-strapped due to expansive sanctions continuously placed on it by the U.S. and other western countries.