Indian

Cost of data breach hits record high during pandemic: IBM

Jul 28, 2021

As per the India insights, Rs 5,900 was the cost per lost or stolen record in the 2021 study, an increase of 6.85 percent from 2020.

The top three primary initial attack vectors for data breaches included phishing, malicious insider, and physical security compromise.

Depositors to get up to Rs 5 lakh within 90 days of banks being put under moratorium: Centre

Jul 28, 2021

With the recent amendment, depositors will get an insurance of Rs 5 lakh even if a bank is put under RBI’s watch and its operations are suspended.The law will protect 98.3 percent of the bank accounts

Domestic operators lead in growing Indian e-commerce market: Fitch

Jul 28, 2021

While there are a growing number of opportunities, said Fitch, there is also increasing competition between new and existing players.

India records 43,645 fresh Covid-19 cases, 640 more deaths: Health ministry

Jul 28, 2021

The total number of Covid vaccine doses administered so far as part of the nationwide vaccination drive has reached 44.61 crore.

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International

Las Vegas massacre survivors, families reach $735 million settlement with MGM

Oct 4, 2019

The total settlement amount might rise to $800 million, depending on how many claimants choose to participate, according to the law firm Eglet Adams.

Google faces $3.9B iPhone privacy lawsuit after London court reinstates case

Oct 3, 2019

“This case, quite properly if the allegations are proved, seeks to call Google to account for its allegedly wholesale and deliberate misuse of personal data without consent, undertaken with a view to a commercial profit,” Judge Geoffrey Vos said Wednesday in the ruling.

At $20K a year, US health insurance costs undermine job-based health insurance

Oct 2, 2019

Many Americans aren’t prepared for the risks that deductibles transfer to patients. Almost 40% of adults can’t pay an unexpected $400 expense without borrowing or selling an asset, according to a Federal Reserve survey from May.

Lloyd’s of London to go electronic to compete with low-cost rivals

Oct 1, 2019

Simplifying and automating its processes could cut the cost of doing business at Lloyd’s to 25-30% of premium revenue, compared with a current 40%

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Briefs