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CYBERATTACK INSURANCE
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...- IDBI Bank stake sale back on table; Centre explores revival optionsThe bids remain ‘alive’ and the government is examining legal provisions under the tendering framework that allows for bids to be accepted ...
- Mid-tier entities in Indian BFSI under-invested in security, most exposed to cyberattacks: ReportIndian mid-tier banks and financial firms face significant cyber risks. They have embraced digital technology but lag in cybersecurity spen...
- Fidelity Investments data breach settlement with up to $5,000 compensation for affected customers- here's who can file a claimFidelity Investments will compensate customers affected by a 2024 data breach. The financial firm agreed to a multi-million dollar settleme...
- Comcast's dirty secret cost them $117 million, you could be owed $10,000; here's how to grab your share by August 14The Comcast $117.5 million settlement has triggered a nationwide rush as millions of Americans now check eligibility for a possible $10,000...
- Ex-Peak XV trio raises Mettle; Fintechs go licence huntingHappy Thursday! Three former Peak XV MDs, who abruptly left the VC firm, are launching Mettle Capital to back Indian startups. This and mor...
- Are you affected? Medicare breach may expose Social Security Numbers — steps to check nowThe Medicare data leak has triggered fresh fears around Social Security number exposure and identity theft across the United States. A publ...
- Nervous Indian fintechs push Anthropic for access to MythosOne97 Communications, Razorpay Software and Pine Labs are among the Indian companies that have pushed the San Francisco-based AI developer ...
- Indian companies turn to outsourced cybersecurity to bridge talent gapIndia’s cybersecurity outsourcing market is growing as companies adopt SOC-as-a-service due to talent shortages, high costs, and complex th...
- Can Anthropic Mythos AI detect hidden financial cyber threats before attacks, and how Wall Street banks test next-gen cybersecurity defense systems todayAnthropic Mythos AI is now reshaping Wall Street cybersecurity at an unprecedented scale. Banks are testing this advanced AI to detect hidd...
- Backer Y Combinator drops Delve on compliance allegations; top brass allege smear campaignDelve’s removal from Y Combinator’s directory follows allegations that compliance certifications for hundreds of Delve’s clients were fabri...
- Tata Motors PV shares drop 3% as JLR suspends operations at UK plant amid supply squeezeTata Motors PV share price fell 3% on Friday. Production at its luxury unit, Jaguar Land Rover, might be impacted. The Solihull plant faced...
- UK companies should have to disclose major cyberattacks, M&S saysGiving evidence to lawmakers on parliament's Business and Trade Committee on the April cyberattack which forced M&S to suspend online shopp...
- US officials urge UnitedHealth to expedite payments to providersOfficials from the US Department of Labor and the US Department of Health and Human Services urged UnitedHealth (UHG) to take "responsibili...
- For SMBs, insurance can play a crucial role in ensuring business continuity: Rakesh Kumar, Square InsuranceIn the event of unexpected events such as natural disasters, accidents or legal liabilities, insurance can help cover the costs, preventing...
- Cyber insurance cover cost soars up to 60% with rise in attacksCyber insurance premiums have surged 50-60% in the past year as reinsurance rates have gone up amid a global increase in cyberattacks and r...
- Cyberattack on Insurance Information Bureau of India; data at risk"There has been a breach, it is being addressed at the highest level," said one of the people aware of the developments. "Some data has bee...
- IRDAI sets up panel to examine need for standard cyber liability insurance productThe general liability policies do not cover cyber risks, and cyber insurance policies currently available are highly customised for clients...
- Flipkart, Bajaj Allianz launch cyber insurance to cover online financial fraudsThis insurance compensates for direct financial loss (up to the sum insured) due to unauthorised digital financial transactions as a result...
- Cybersecurity insurance companies run into data smogLack of actuarial data on cyberattacks, murky disclosures by corporate victims and the incredible speed at which a breach may spread global...
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