The Telecom Regulatory Authority of India (TRAI) held a meeting...
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IRDA forms panel to examine the need for a standard cyber liability cover for Indian market
The General Liability policies available currently in the Indian market do not cover cyber risks and cyber insurance policies currently available are highly customized for clients in a new and quickly growing market. Hence, it is felt that a basic standard product structure is required to provide insurance cover for individuals and establishments to manage their cyber risks, said the IRDAI.
British Airways hit with UK data watchdog’s biggest-ever fine
Other major cyber incidents in the recent past include another London-listed airline, easyJet EZJ.L, which earlier this year said hackers had accessed the email and travel details of around 9 million customers.
U.S. hotel operator Marriott International MAR.O in March suffered its second data incident in less than two years, with information of about 5.2 million its hotel guests suffering a breach.
Driverless race steps up with Cruise allowed to drive empty in San Francisco
Cruise is the fifth company to receive the driverless permit in California. Alphabet’s Waymo was the first in late 2018 to receive it for about three dozen test vehicles with speeds of up to 65 miles per hour. This year SoftBank-backed Nuro, whose vehicle has no steering wheel or pedals, was also approved and has delivered medical supplies for temporary COVID-19 hospitals.
Chinese startup AutoX and Amazon.com Inc’s AMZN.O Zoox also got their permits in recent months. The four previous permits are for cities in Silicon Valley that are easier to navigate.Under its permit, Cruise cars can go anywhere on San Francisco streets at a maximum speed of 30 miles per hour, and can drive both day and night.
Haldiram’s crucial data stolen; hackers demand ₹7.50 lakh to release information
According to the FIR lodged at Sector 58 police station, the cyber attack took place on the intervening night of October 12 and 13 and the hackers may have stolen “entire or substantial data” of the company which runs several restaurants and outlets.
TCS launches 10 cyber threat management centres globally
These are located in Bloomington, US, Manchester, UK, Madrid, Spain, as well as at major Indian cities in the last four months, the statement said, adding that TCS plans to open more such centres in other regions.
These centres will focus on providing cyber security solutions and services, including managed detection and response services, incident management and breach support, on-demand cyber vigilance services, digital forensics and regulatory compliance.
G7 officials vow to fight ransomware attacks; say stablecoin needs regulation
“The G7 continues to maintain that no global stablecoin project should begin operation until it adequately addresses relevant legal, regulatory, and oversight requirements through appropriate design and by adhering to applicable standards,” the statement said.
Stablecoins are tied to a traditional currency or basket of assets, and used for payments or for storing value.
Floods kill 60 in India, damage crops
The worst affected state was Telangana, where excessive unseasonal rainfall on Wednesday and Thursday flooded its capital Hyderabad, home to major companies and startups such as Microsoft, Accenture, Amazon and TCS
Sabotage suspected in Mumbai power outage: Energy minister
A grid failure resulted in massive power outage in Mumbai and neighbouring areas on Monday, stopping trains on tracks, hampering those working from home and hitting the stuttering economic activity hard.
Pay-per-part: TRUMPF and Munich Re plan new business model for the manufacturing industry
The jointly developed “pay-per-part model” enables customers to use a full-service laser machine without having to buy or lease any equipment.Instead, customers pay a previously agreed price for each cut sheet metal part – in other words, they only pay for what they need. This allows customers to make their production processes more flexible and react faster to market changes.
“The cooperation with TRUMPF is an outstanding example of how the combination of Munich Re Group’s various offerings – risk solutions, IoT technology and financing – makes it possible to develop innovative business models for the industry. We are convinced that such partnerships represent a forward-looking response to the challenges of an increasingly dynamic market environment,” said Torsten Jeworrek,Member of the Board of Management
India joins UK-led campaign against encrypted social media messages
The UK and India are joined by the US, Canada, Australia, New Zealand and Japan in a joint international statement addressed to all tech companies to ensure they do not blind themselves to illegal activity on their platforms, including child abuse images.