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RBI plans curbs on suspect bank accounts to fight cyber frauds
The plans come as internal government data shows individuals have...
Credit card data of 17K ICICI Bank users exposed; bank blocks cards, assures compensation
In a statement the ICICI Bank spokesperson said that it came to...
WHO panel for strong international governance on human genome editing
“Gene editing holds incredible promise for health, but it also poses some risks, both ethically and medically. ” says Dr Tedros Adhanom Ghebreyesus, WHO Director-General.
U.S weighs bids for putting Automated Vehicles on roads
he agency also disclosed that Softbank-backed driverless delivery startup Nuro had also petitioned to deploy a limited number of low-speed, highly automated delivery vehicles intended to be operated without any human occupants. For example Nuro, which partnered with Kroger last year to deliver groceries, seeks approval not to include a windshield in the vehicle.
Facebook admits to storing passwords in plain text on internal servers
“To be clear, these passwords were never visible to anyone outside of Facebook and we have found no evidence to date that anyone internally abused or improperly accessed them,” vice president of engineering, security, and privacy Pedro Canahuati said in a blog post.
Most Americans continue to be very afraid of Self-Driving cars: Survey
The survey also gauged public reaction to more limited uses of autonomous vehicles. Just more than half of U.S. drivers—53 percent—said they would be comfortable using fully self-driving vehicles as low-speed people-mover systems at airports or theme parks, free from the chaotic traffic of the open road. Even fewer Americans—44 percent—said they would be comfortable with autonomous delivery vehicles that haul food or packages, not passengers.
Boeing to upgrade 737 MAX stall prevention system in 10 days: Source
The company has previously characterised the software upgrades as an effort to make a safe plane even safer. Engineers are making changes to the system designed to prevent an aerodynamic stall if sensors detect that the jet’s nose is pointed too high and its speed is too slow. Satellite-based data showed that both the Ethiopian Airlines and Lion Air planes flew with erratic altitude changes that could indicate the pilots struggled to control the aircraft. Both crews tried to return to t ..
India must address digital payments security issues: Nandan Nilekani
“I think increasing number of transactions, at the same time less security issues, less fraud issues, less disputes… could be what we need to see,” Nilekani said
Binny Bansal and others invest $ 65 mn in Acko general insurance
The company is backed by Amazon, Accel, SAIF, Intact Ventures, RPS Ventures, Binny Bansal -co-founder of Flipkart,Narayan Murthy’s Catamaran Ventures, Swiss Re, Transamerica Ventures, Kris Gopalakrishnan – Co-founder of Infosys,AtulNishar – Founder & Chairman of Hexaware Technologies,Ashish Dhawan of ChrysCapital, Hemendra Kothari of DSP Blackrock, Rajeev Gupta, veteran investment banker and Founder of Arpwood Capital, Subba Rao of NuVentures and Venk Krishnan.
China Re launches renewable energy consortium for offshore windfarm risks
The consortium covers construction all risks (CAR), erection all risks (EAR) and third-party liability (TPL) and can provide capacity of up to USD 225M per risk.
Hannover Re announces the launch of insurtech initiative
The online platform provides access to a diverse range of solutions spanning the entire value chain, propelling the insurance industry forward by making it easier to find and implement new technology.
India’s data usage to grow at 73% CAGR by 2022: Assocham-PwC study
While internet penetration is increasing in India, with mobile internet penetration set to reach 56.7 per cent in 2022 from a mere 30.2 per cent in 2017, connectivity and consistency in speed issues need to be addressed, said the study titled ‘Video on Demand: Entertainment reimagined’.It further said that in a country where approximately 65-70 per cent of the population resides in rural areas, no service meant for the masses can afford to ignore this market.