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CYBER FRAUD INSURANCE
Digital arrest: How India’s fastest-growing scam uses fake investigations and video calls to siphon off croresThey pose as the police, put you under ‘digital arrest’, and tether you to a video call till your savings are gone. How India’s fastest gro...- Insurers racing to ‘AI-proof’ systems as IRDAI flags risksIndian insurers are rethinking how they assess cyber risks. Regulators have asked them to review exposure to artificial intelligence-driven...
- Mother's Day Special: How AI, apps are empowering women to manage finances, improve health, build careerWomen are learning to keep pace with the ubiquitous apps and AI, shrugging off dependence on their kids for financial transactions, online ...
- Inside WhatsApp's measures to curb digital arrest scamsWhatsApp is using AI to combat digital arrest scams, banning thousands of impersonating accounts. Authorities are working to prevent signif...
- 'They said it was for tax and fees': Senior citizen spends Rs 64 lakh to 'recover' old insurance funds, ends up with a police notice for criminal activity insteadA 62-year-old senior citizen from Navi Mumbai was cheated of Rs 64 lakh over four years by cyber fraudsters who posed as officials from the...
- Is your insurance adequate? Here’s a simple checklist to find outMany policyholders are insured but not adequately, leading to claim dissonance. Reviewing health, home, cyber, and motor insurance covers t...
- Digital arrest victims may be going under coverBanks and insurers are in early talks to design an insurance product to cover victims of digital arrest scams, potentially making India the...
- ‘Sachet’ covers now guard against cyber fraudsters using AIA recent study by Deloitte said that India’s cyber insurance market worth $50–60 million in 2023 is expected to grow at an annual rate of 2...
- Truecaller, HDFC ERGO tie up for insurance product to safeguard subscribers from digital fraudsCaller identification app Truecaller on Thursday said it has collaborated with general insurance company HDFC ERGO for an offering that aim...
- Companies rush for cyber insurance on data laws, digitisationGenerally higher claims and lack of strong IT systems for SMEs is causing insurers to be wary about offering these products actively.
- Mumbai saw 70 pc rise in cyber crime cases in 2022: Devendra FadnavisAt least 4,286 cases of cyber fraud were registered in Mumbai over a period of one year till November 2022, Fadnavis said responding to a q...
- Airtel Payments Bank partners ICICI Lombard for cyber insuranceThe partnership comes at a time when the growth in digital payments and transactions has led to a surge in sophisticated online frauds.
- ICICI Lombard offers cyber insurance to Airtel Payments Bank customersThe insurance comes with zero waiting period and allows users to make multiple claims multiple times during the policy tenure, within the l...
- Now buy cyber insurance policy for Rs 3 a dayThe policy offers comprehensive protection against cyber risks and frauds carried out from any device and from any location worldwide.
- Bank body asks lenders to get cyber insuranceWhile the larger lenders have cyber insurance covers ranging from Rs 350 crore to Rs 500 crore, many of the smaller players have only the B...
- In a first, cybercrime insurance cover for individualsWhile customised cyber liability cover for businesses has been around for years, these were not over-the-counter covers that could be bough...
- Public sector banks rush to get cyber insurance policiesIn the wake of demonetisation and the increased push on going digital, banks are seeking cyber insurance policies with the growing percepti...
- Banks rush to buy cyber security cover as digital payments riseThere are various cyber insurance covers available in the country, but it is the cyber liability insurance which is in maximum demand for t...
- Data fraud: Irdai takes guard, readies cyber security shieldThe Insurance Regulatory and Development Authority of India (Irdai) said it will be a comprehensive framework for the sector.
- Rising online fraud pushes banks to seek insurance coverIndian banks are increasingly seeking insurance cover against fraudulent online transactions, including those involving credit cards.
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