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Severe solar storm brings dazzling Aurora, threatens to trigger blackouts
The danger is that the storms can inject direct current into...
Phi Commerce to manage payment solutions for Reliance Nippon Life Insurance
Omnichannel payment solution provider Phi Commerce will manage...
Records of payment cards of Indian banks are being sold for $9 apiece on Joker’s Stash
The database exposed card numbers, expiration dates, CVV/CVC codes and some additional information such as cardholders’ full name, as well as their emails, phone numbers and addresses, security researchers from Group-IB found
IRDAI to expand its regulatory Sandbox project soon:Khuntia
“ We in Irdai have already allowed a regulatory sandbox regime because we do not know whether the (existing) regulations will be adequate for the new processes that these technologies will need.This is an experiment we we’ll allow for six months and up to one year.If we find that these are old processes which will help transactions and make life easier for the insurer as well as the insured without compromising on the policy holders protection, we will think of tweaking the regulations to make it happen.”
Max Life’s net profit at Rs 154 cr, up 92 % in Q3 FY2020
in an insurtech push, Max Life Insurance has announced the selection of seven start-ups to engage with ‘Max Life Innovation Labs’, the Company’s flagship ‘InsurTech’ accelerator programme.
No proposal to link social media profiles with Aadhaar, govt tells Lok Sabha
Electronics and Information Technology Minister Ravi Shankar Prasad also said that pornography, particularly child pornography, is a “serious menace” and measures are being taken to curb it.
“Revenge porn is also rising in the country”, he told Lok Sabha during Question Hour.
Nissan Autonomous Car completes 230-mile journey in Britain
But it remains unclear when fully self-driving cars will hit the streets for general public use, with questions remaining about the regulations in place and affordability of the technology.
AXA XL creates role of Global Chief Underwriting Officer, Cyber
“The cyber insurance market is growing exponentially. Recent reports predict the Global Cyber Insurance Market to reach $21.4 billion in the next five years,”
Twitter says state-backed actors may have accessed users’ phone numbers
Tech publication TechCrunch reported https://techcrunch.com/2019/12/24/twitter-android-bug-phone-numbers on Dec. 24 that a security researcher, Ibrahim Balic, had managed to match 17 million phone numbers to specific Twitter user accounts by exploiting a flaw in the contacts feature of its Android app. TechCrunch said it was able to identify a senior Israeli politician by matching a phone number through the tool.
Visa planning biggest changes to US swipe fees in a decade: Report
Higher rates are looming for transactions on e-commerce sites, while retailers in certain services categories such as real estate and education will see fees decline, the report added.
Google Pay’s ‘tremendous success’ in India to be replicated globally: Pichai
According to Ambarish Kenghe, Director, Product Management, Google Pay, the vast majority of India’s over 60 million small businesses are still not benefiting from the growing digital economy.
Aon acquires Canadian cyber security firm Cytelligence Inc
Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025. According to Aon’s 2019 Global Risk Management Survey, cyber-attacks were identified as a top ten risk facing organizations and is predicted to be one of the top three risks for organizations in 2022.