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IRDAI imposes a stiff penalty of Rs 3.39 crore on Star Health for violating cyber security laws

IRDAI imposes a stiff penalty of Rs 3.39 crore on Star Health for violating cyber security laws

by AIP Online Bureau | Jul 25, 2025 | Health, Indian News, Non-Life, Regulation, Risk Management, Technology

A significant data leak from Star Health Insurance was reported in Aug, 2024, affecting approximately 3.1 crore customer records. The data, including mobile numbers, PAN details, addresses, and medical information, was allegedly accessible through a website created by...

Cyber security and IT services provider Intersys sets up India operations

by AIP Online Bureau | Jul 17, 2025 | Indian News, Non-Life, Reinsurance, Risk Management, Technology

Led by Tanmay Gore, director of Intersys India, located in Mumbai, will address a key challenge in the market: the difficulty of assessing and pricing cyber risk for organisations that often lack dedicated IT security resources Mumbai: London based Cyber security and...

DoT proposes changes in cyber security rules to curb frauds by misusing phone numbers

by AIP Online Bureau | Jun 26, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology

The draft cyber security rules published on June 24 proposed to create a new platform for phone number validation and also includes those entities that use phone numbers to identify customers like banks using phone numbers for UPI transactions New Delhi:The Department...

Banks tighten cyber security network to ward off any threat

by AIP Online Bureau | May 7, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology

“We have strengthened the cyber security mechanism… we have created a 24 hours war room to diffuse any cyber attack… we are prepared for any eventuality,” Punjab National Bank MD and CEO Ashok Chandra said New Delhi: Banks have tightened their cyber...
Cyber security: RBI introduces ‘bank.in’ as exclusive internet domain for Indian banks

Cyber security: RBI introduces ‘bank.in’ as exclusive internet domain for Indian banks

by AIP Online Bureau | Feb 7, 2025 | Banking & Bancassurance, Indian News, Regulation, Risk Management, Technology

With increased instances of fraud in digital payments becoming a significant concern, this initiative aims to reduce cyber security threats and malicious activities like phishing; and, streamline secure financial services, thereby enhancing trust in digital banking...
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