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...
Chinese tax software’s hidden malware endangers networks of western countries
A state-owned bank in China had required the tech company to download software called Intelligent Tax to facilitate the filing of local taxes. The tax software worked as advertised, but it also installed a hidden back door that could give hackers remote command and control of the company’s network, according to a report published Thursday by the SpiderLabs team at Chicago-based Trustwave Holdings Inc. (The cybersecurity firm declined to identify the bank)
Covid-19:89% senior Indian citizens relied on video calling during crisis
A report released by Ericsson Consumer Labs suggests 89 per cent Indians aged 60 and above agree that reliable video calling helped them stay in touch with persons close to them during Covid-19 crisi
“Eighty per cent Indians agreed that connectivity and devices helped them in staying in touch with their family and friends. A total of 77 per cent believed that it helped their children with easy access to education and the same percentage also believed that it helped them to fulfil their work commitments,” a press release read.
Amazon agrees to buy self-driving startup Zoox for over $1 billion
Amazon has stepped up its investment in the car sector, participating in a $530 million funding round early last year in self-driving car startup Aurora Innovation Inc.
ICICI Lombard’s new retail cyber cover to insure financial or reputation losses upto Rs1cr
The policy can be purchased at an affordable rate by all digitally active individuals. The premium ranges from Rs 6.5 per day to Rs 65 per day. The Sum Insured for the cover ranges from Rs 50,000 to Rs 10,000,000 as opted by the policyholder. The policy provides coverage to the entire family, including children for a duration of 1 year.
10,000 passengers join EasyJet lawsuit over Data Breach
Victims are entitled to as much as 2,000 pounds ($2,500) in compensation, meaning the case could be worth as much as 18 billion pounds.EasyJet said last month that the email addresses and travel data of about 9 million customers were taken by hackers in one of the biggest privacy breaches to hit the airline industry
IRDAI forms panel to suggest ways to insure drone technology
Among other issues,the committee will make recommendations relating to design and development of product/s meeting the needs of RPAS owners and operators, including Third Party Liability,make recommendations relating to underwriting of such risks including the re-insurance perspective and examine any other relevant matter relating to the subject.
SoftBank-backed Lemonade plans to raise up to $286 million in IPO
The company, which started in New York in late 2016, is part of a growing number of young companies looking to shake up the insurance sector through a better use of technology.
The company says it has digitized the entire insurance process, replacing brokers and paperwork with algorithms and providing policies in as little as 90 seconds and claim payments in three minutes.
Beazley launches Contingency Policy covering virtual event organizers,offers limits of up to $10 million
London: Specialist insurer Beazley has launched a contingency policy designed to cover event organizers if a transmission failure disrupts or cancels a live virtual event. The cover is available on a global basis and offers limits of up to $10 million....
Companies hit with $1.8 billion cyber losses,six-fold increase in 2020 :Hiscox study
The highest recorded cyber loss was $87.9 million from a financial services firm in the UK.More than 6% of total respondents paid a ransom. Their combined losses came to $381 million.However the positive signs are that twice as many firms responded to a breach by adding new security and spending more on employee training.
There has been a shift in the hackers’ behaviour in the last six to 12 months as they focus more on industries such as energy and manufacturing.
Munich Re launches automated underwriting solution in APAC life insurance market
“The life insurance industry is evolving and insurers who embrace the latest technologies can reach customers in new and innovative ways, gaining a competitive advantage. This is especially crucial in challenging market environments such as these. With the ability to get up and running quickly, ALLFINANZ SPARK enables firms to ignite the digital underwriting experience faster than ever before, providing the services they need to reach new customers and new markets.” says Declan O’Neill, Executive Vice-President for Product & Data at Munich Re Automation Solutions.