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Indian regulators seek to crack down on potential fraud in financial sector

Indian regulators seek to crack down on potential fraud in financial sector

by AIP Online Bureau | Feb 21, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries, Regulation, Risk Management, Technology

While Indian banks have boosted spending on technology to detect potential money laundering and prevent fraud, the cases are rising. The number of reported frauds of more than 100,000 rupees ($1,205) rose 68 per cent to more than 14,000 from April to September last...
Lockbit cybercrime gang faces global takedown with indictments and arrests

Lockbit cybercrime gang faces global takedown with indictments and arrests

by AIP Online Bureau | Feb 21, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

LockBit ransomware group remains a key player in today’s threat landscape, with 17 per cent of ransomware engagements in 2023, a new report said on Tuesday. An international law enforcement operation led by Britain’s National Crime Agency and the FBI has...

Outlook for Indian economy appears bright, 7 pc GDP growth expected in FY’25: FinMin report

by AIP Online Bureau | Feb 21, 2024 | Eco/Invest/Demography, Indian News, Policy

Talking about tailwinds for the next financial year, the report said prospects of healthy Rabi harvesting, sustained manufacturing profitability and underlying service resilience are expected to support economic activity in FY25 New Delhi:The outlook for the Indian...

More than half the world faces high measles risk, WHO says

by AIP Online Bureau | Feb 20, 2024 | Eco/Invest/Demography, Health, International News

“What we are worried about is this year, 2024, we’ve got these big gaps in our immunisation programmes and if we don’t fill them really quickly with the vaccine, measles will just jump into that gap,” the WHO’s Natasha Crowcroft, a Senior...
Draft AI regulation framework to be released by July: Rajeev Chandrasekhar

Draft AI regulation framework to be released by July: Rajeev Chandrasekhar

by AIP Online Bureau | Feb 20, 2024 | Indian News, Risk Management, Technology

‘We will fully exploit the potential of AI but set up the guardrails as well to prevent misuse. We are today seen by the world at the forefront to harness AI technology. We are all for deploying AI across use cases, from farm to factories and we want to use AI...
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