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Deepfakes and complex ransomware incidents are identified as imminent threats for 2024

Deepfakes and complex ransomware incidents are identified as imminent threats for 2024

by AIP Online Bureau | Mar 23, 2024 | Data, Eco/Invest/Demography, Risk Management, Technology

“With the rise of AI-powered threats like BlackMamba and the prevalence of Living off the Land attacks, Chief Information Security Officers (CISOs) must adopt advanced evasion techniques and heightened defences to combat evolving threats effectively,” the experts said...

India’s water usage for per tonne crop production 2-3 times more than developed nations: Niti Aayog’s Ramesh Chand

by AIP Online Bureau | Mar 23, 2024 | Data, Eco/Invest/Demography, Policy

“In collaboration with Jal Shakti ministry, we are exploring ways to maximize usage of surface water. For example, if water of a canal is presently irrigating 100 hectare of agricultural land, how can we take it to 150 hectare using various means but same amount...
UP plans law for insurance of passengers in vertical transport

UP plans law for insurance of passengers in vertical transport

by AIP Online Bureau | Mar 23, 2024 | Indian News, Non-Life, Risk Management, Technology

“One good thing that we have also provided in the draft is compulsory third-party insurance of passengers who will be entitled to monetary compensation in the event of any harm they suffer on account of a lift accident. Insurance coverage will be provided by the owner...
Regulatory Revamp: IRDAI approves Bima Sugam, unveils 8 new principle-based consolidated regulations

Regulatory Revamp: IRDAI approves Bima Sugam, unveils 8 new principle-based consolidated regulations

by AIP Online Bureau | Mar 22, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Regulation, Reinsurance

Debasish Panda, chairman, IRDAI These new regulations encompass pivotal domains such as safeguarding of policyholders’ interests, rural and social sector responsibilities, electronic insurance marketplace(Bima Sugam), insurance products and operation of foreign...
V Jagannathan’s new health insurance venture `Galaxy Health’ receives IRDAI nod

V Jagannathan’s new health insurance venture `Galaxy Health’ receives IRDAI nod

by AIP Online Bureau | Mar 22, 2024 | Health, Indian News, Non-Life, Regulation

V. Jagannathan Galaxy Health and Allied Insurance Company is a joint venture between V Jagannathan’s family, who had earlier the founded Star Health Company and TVS group. Former Star Health CEO Dr S Prakash has also joined the new venture as a CEO. Hyderabad:...
UN adopts first global artificial intelligence resolution

UN adopts first global artificial intelligence resolution

by AIP Online Bureau | Mar 22, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

The resolution is the latest in a series of initiatives – few of which carry teeth – by governments around the world to shape AI’s development, amid fears it could be used to disrupt democratic processes, turbocharge fraud or lead to dramatic job...
Apple, Meta, Google set to face EU Digital Markets Act probes, sources say

Apple, Meta, Google set to face EU Digital Markets Act probes, sources say

by AIP Online Bureau | Mar 22, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

Digital Markets Act breaches could cost the companies as much as 10% of their global annual turnover. The landmark EU tech rule requires the companies to give users and rivals more choices to ensure a level playing field Apple, Meta Platforms and Alphabet’s...
US sues Apple, alleging it illegally monopolized the smartphone market

US sues Apple, alleging it illegally monopolized the smartphone market

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

The Justice Department said Apple charges as much as $1,599 for an iPhone and makes larger profits than any others in the industry. Officials also said that Apple charges various business partners — from software developers to credit card companies and even its rivals...

Hackers carrying out disruptive attacks on water systems: US

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

In a letter released Tuesday, National Security Advisor Jake Sullivan and Environmental Protection Agency Administrator Michael Regan warned that “disabling cyberattacks are striking water and wastewater systems throughout the United States.” The letter singled out...
Girija S selected as CMD of New India, BS Rahul for UII

Girija S selected as CMD of New India, BS Rahul for UII

by AIP Online Bureau | Mar 21, 2024 | Indian News, Non-Life, Policy

Girija Subramanian, CMD,Agriculture Insurance Company This is also for the first time that a serving CMD of a PSU entity again participated in the selection exercise meant to choose a CMD of another PSU insurer New Delhi: The Financial Services Institutions...
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