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Google Wallet arrives in India
Google Wallet can be downloaded from Play Store and would allow...
UK tells tech firms to ‘tame algorithms’ to protect children
The plan by regulator Ofcom is one of more than 40 practical steps...
Lloyd’s, London market insurers surpass Q2 electronic placing targets
Much of the electronic risk placement is being handled by the London market’s electronic placing platform, PPL. Some London market business, such as treaty reinsurance, cannot be carried out on the platform. Therefore, it analysis of the extent of electronic placement includes so-called in-scope risks.
Cyberattacks grew 22% on India’s IoT deployments in Q2
Among the 15 Indian cities from which data was gathered, Mumbai, New Delhi and Bengaluru are attracting the maximum number of cyberattacks, revealed the study by Bengaluru-headquartered telecom solutions provider Subex.During the quarter, the researchers registered 33,450 high-grade attacks, 500 of which were very high sophistication.
UK insurers settle 99% of cyber insurance claims
The Association of British Insurers (ABI) has been asking the Information Commissioner’s Office (ICO) to make anonymised cyber breach data publicly available, which would enable insurers to price risk more accurately and manage exposure more effectively by feeding this data directly into their modelling
As breaches rise, so do the paychecks for Cybersecurity professionals
In April, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon told shareholders that cybersecurity “may very well be the biggest threat to the U.S. financial system.” His counterpart at Bank of America Corp., Brian Moynihan, said previously that the lender’s cybersecurity unit operates with an unlimited budget.
Tesla under U.S. scrutiny over safety claims
The Elon Musk-led electric-car maker claimed in October that its Model 3 car had the lowest risk of occupant injury of any vehicle in U.S. government tests, but U.S. National Highway Traffic Safety Administration (NHTSA) said it was inconsistent with the agency’s usage guidelines
Over 1,500 obsolete rules removed to make government functioning citizen friendly: Jitendra Singh
The minister said that for making digital literacy universal, the government has taken key initiatives such as Aadhaar and Jan Dhan Yojana, and has laid down the target completion by 2022, the 75th year of India’s Independence.
Willis Towers Watson launches drone disruption action plan
Jago Harvard-Walls, Client Relationship Director and Transportation Lead in Asia, Willis Towers Watson, said “Drone-related incidents at airports may be a recent phenomenon, but they are expected to increase in frequency, complexity and severity as drones become larger and more powerful. Airports need to prepare for potential attacks through effective risk management and there are a number of steps that airports can take to prepare for these scenarios. This includes assessing, locating and understanding the type of drone that has infringed airspace, as well as reputation management.”
Munich Re launches automated damage detection for improved hurricane response and claims experience
Munich Re’s Remote Industries offers insurance companies the information they need to prioritize and steer claims adjuster resources, proactively reach out to affected policyholders and ultimately help mitigate losses. Remote Industries uses high-resolution aerial imagery and machine learning to help insurance companies predict potential property claims four days prior to an expected hurricane.
Japanese flying car takes flight – for about a minute
Japan isn’t the only country seeking to usher in a flying-car utopia; Dubai, Singapore, and New Zealand have expressed similar intentions. Google co-founder Larry Page’s Kitty Hawk Corp. is also working on a flying car, as is Uber Technologies Inc.
Artificial Intelligence helps to contain wildfires, predict wild weather
The equipment includes optical and thermal cameras, as well as spectrometric systems that identify the chemical makeup of substances. By linking them to artificial intelligence, a small Portugal-based company working with IBM Corp. believes it can help tame the often unpredictable affects of climate change. Others are using AI to predict dangerous hail storms, and studying how it can help find victims in bad weather.