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Cybersecurity professionals limited, big challenge for future: SBI chief Setty

Cybersecurity professionals limited, big challenge for future: SBI chief Setty

by AIP Online Bureau | Sep 5, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Technology

CS Setty,Chairman,SBI “But we also feel that the professional support for many of the cyber security activities is limited one. I think that’s going to be a big challenge going forward,” said Setty, who took over as the chairman of the...

Indian lenders lag global peers on cybersecurity spends, BCG Says

by AIP Online Bureau | Aug 29, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology

Digital payment frauds saw a more than fivefold jump to 14.6 billion rupees ($175 million) in the year ended March 2024 from the previous fiscal year, according to the Reserve Bank of India Mumbai: Rising cases of online thefts and frauds will push Indian banks that...
Global cybercrime cost increased 12x faster than total cybersecurity spending: Report

Global cybercrime cost increased 12x faster than total cybersecurity spending: Report

by AIP Online Bureau | May 22, 2024 | Data, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology

Cyber attacks, including ransomware, data breaches, cyber espionage, and phishing, will inflict damages totalling $9.2 trillion in 2024, $1.1 trillion more than last year and a shocking 972 per cent more than six years ago New Delhi: As organisations continue to spend...
Global cybercrime cost increased 12x faster than total cybersecurity spending: Report

White House wants cybersecurity standards on hospitals

by AIP Online Bureau | May 12, 2024 | International News, Non-Life, Policy, Regulation, Reinsurance, Risk Management, Technology

The proposal may extend beyond hospitals too. The administration intends to issue a notice of proposed rulemaking in coming weeks to bring in minimum cybersecurity requirements for entities that receive money from Medicare and Medicaid, according to a US official, who...
Biden order seeks to improve US port cybersecurity

Biden order seeks to improve US port cybersecurity

by AIP Online Bureau | Feb 25, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

US President Joe Biden The U.S. Coast Guard will get powers to respond to cyberattacks against maritime infrastructure including requiring operators to share information about incidents and threats. The post of national maritime security director will also be...
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