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CYBERATTACK LIABILITY
When rogue AI launches a cyberattack, who is legally responsible?Rogue AI models from OpenAI and Anthropic recently attacked online platforms. These incidents raise complex legal questions about accountab...- Bank of Baroda Data Leak: Compromised employee email linked to alleged 1TB data leak on darknetBank of Baroda said its recent data leak resulted from the compromise of a single employee's email account and did not affect its core bank...
- The Hugging Face breach and AI's cybersecurity reckoningAn advanced AI agent from OpenAI breached Hugging Face's systems last week. This autonomous intrusion accessed internal data and cloud cred...
- Banks NPA at multi-decadal low of 1.8%, Indian financial system remains resilient: RBI reportIndia's financial system remains robust, with bank NPAs hitting a multi-decade low of 1.8%. Despite global uncertainties and rising oil pri...
- 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...
- Billions lost, factories stalled, trust broken: The real price of cybercrime in 2025In a world increasingly dependent on digital infrastructure, cyberattacks are wreaking havoc and shaking the very foundations of global com...
- Citi re-initiates coverage on SBI with ‘buy’ rating, sets Rs 1,050 target priceCiti has re-initiated coverage on State Bank of India (SBI) with a ‘Buy’ rating and a target price of Rs 1,050, citing strong credit growth...
- 99% of Indian firms faced data loss in 2024, fear more cyberattacks in next one year: SurveyOf all the surveyed Indian chief information security officers (CISOs), over 74% admitted that their organisations were unprepared to respo...
- WazirX’s Proposed Scheme of Arrangement: A Path to Recovery and Future Stability for UsersWazirX proposes a Scheme of Arrangement to recover $234 million lost in a cyberattack by North Korean hackers, aiming to redistribute asset...
- Zettai seeks court approval for WazirX creditors meeting and scheme of arrangement“The proposed scheme of arrangement, filed in the court under the Companies Act 1967, prioritises creditors by outlining a structured roadm...
- WazirX security breach: Crypto platform to resume INR withdrawals in phases starting August 26WazirX will lift the suspension on INR balance withdrawals starting August 26. Users can withdraw 66% of their balances by September 22. A ...
- Cyberattack is top concern for businesses in India: Aon SurveyCompanies that participated in Aon’s 2023 Global Risk Management Survey listed business interruptions and failure to attract or retain top ...
- 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.
- 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...
- Biden administration releases new cybersecurity strategyThe strategy largely codifies work that has already been underway during the last two years over a spate of high-profile ransomware attacks...
- Tech companies have a few queries on CERT-In’s cybersecurity rulesIn a letter sent to the cybersecurity agency, the Information Technology Industry (ITI) Council has requested the government to open this u...
- 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...
- In times of Covid, firms rush to get cybersecurity coverLeading insurance companies have introduced identity theft, cyber bullying, malware intrusion and cyber extortion in their policies and sai...
- Maze Ransomware attack to hit Cognizant revenueWhen contacted, a company spokesperson did not say whether the breach had been contained.
- More and more banks take insurance route to ease the impact of cyberattacksOne cyberattack happens every 10 minutes in India, with most cybercrimes reported in Maharashtra and UP.
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