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India data breach costs reach new record level Of Rs 22 crores: IBM Report

by AIP Online Bureau | Aug 8, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management, Technology

“India’s accelerating AI adoption brings immense opportunity, but it’s also exposing enterprises to new and complex cyber threats. The absence of access controls and AI governance tools is not just a technical oversight; it’s a strategic...

Majority of Indian enterprises have deployed AI: IBM report

by AIP Online Bureau | Feb 16, 2024 | Data, Eco/Invest/Demography, Risk Management, Technology, Workplace/Employee Benefits

”Without the use of governance tools, AI can expose companies to data privacy issues, legal complications, and ethical dilemmas – cases of which we have already seen plaguing many across the world,” Sandip Patel, Managing Director, IBM India and South...

Mahindra Finance & IBM collaborate to drive financial inclusion with Super App

by AIP Online Bureau | Feb 12, 2024 | Eco/Invest/Demography, Indian News, Intermediaries, Technology

This app will be housing Mahindra Finance’s various vehicle and non-vehicle lending businesses, including personal loans, enterprise loans, mortgage loans, leasing solutions, payments, fixed deposits, insurance solutions, and other investment & wealth management...

Average cost of data breach in India touches high of Rs 17.9 cr in 2023: IBM study

by AIP Online Bureau | Jul 25, 2023 | Data, Eco/Invest/Demography, Risk Management, Technology

The most common attack type in India was phishing (almost 22 per cent), followed by stolen or compromised credentials (16 per cent). Social engineering was the costliest root cause of breaches at Rs 19.1 crore, followed by malicious insider threats, which amounted to...

Indian, Chinese companies take lead in use of artificial intelligence: IBM

by AIP Online Bureau | May 20, 2022 | Eco/Invest/Demography, Facts, Technology

”Chinese and Indian companies are leading the way, with nearly 60 per cent of IT professionals in those countries saying their organisations already actively use AI, compared with lagging markets like South Korea (22 per cent), Australia (24 per cent) the US (25...

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