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LAW FIRMS CYBER RISKS
OpenAI commits $1 billion to cyberdefense effort amid AI safety scrutinyOpenAI on Thursday, alongside the cybersecurity initiative, also unveiled Astra, a new AI model it described as its most capable yet but sa...- Data at law firms Quinn Emanuel, McDermott exposed in cyber breachesIt was not clear who was responsible for the two breaches or whether they were related. Large law firms' extensive holdings of confidential...
- Indian banks move AI into production, but scaling remains a challenge: ZetaIndian banks are now deploying artificial intelligence in production across various functions. Scaling these AI deployments faces significa...
- Liquidity management, asset quality among pillars for NBFC growth: RBI DGRBI deputy governor Murmu highlighted five key areas for NBFCs and HFCs. These companies must focus on governance and liquidity management ...
- AI regulations should be nimble to boost innovation: Principal Scientific Advisor Ajay SoodIndia's top scientific advisor advocates for agile AI regulations that foster innovation. New amendments to the IT Act 2021 address risks f...
- NBFCs must use AI, strengthen underwriting as credit growth accelerates: RBI Deputy Governor MurmuReserve Bank of India Deputy Governor S C Murmu urged NBFCs to use AI and machine learning tools. He emphasized stronger risk management an...
- Banks rush to swap higher-risk credit assets for Bank of England cashBritish banks are stepping up their game by putting forth more higher-risk assets as collateral at the Bank of England. This action marks a...
- Quote of the day by Bernard Baruch: "Not even the “safest” investment is without some risk and some element of speculation"Bernard Baruch’s investing wisdom highlights that no asset is completely risk-free. Even conservative investments face inflation, interest-...
- Pakistan's Punjab Assembly seeks ban on social media accounts for children under 16The Punjab Assembly has passed a resolution seeking a legal ban on social media for children under sixteen. This move addresses growing con...
- 'Double standards' in fight against terrorism 'unacceptable': SCO declarationIn a united front, the SCO countries dismissed double standards in addressing terrorism and cross-border movements, expressing their profou...
- Anthropic resumes external cyber tests after Claude AI hacksSimilar incidents involving rivals OpenAI and Meta Platforms have heightened concerns that advances in artificial intelligence could amplif...
- AI-driven cyber risk is top concern for global financial stability, watchdog saysIn a letter to G20 finance ministers and central bank governors ahead of meetings this week, Bailey, who also serves as the Bank of England...
- MapmyIndia, ClarityX launch Geo-FI AI platform for lending risk and collectionsMapmyIndia and ClarityX have launched Geo-FI, a new geo-intelligence platform. This platform will help banks and financial institutions mak...
- Financial institutions confront a new operating reality as markets become more continuousThe evolution of financial markets is shifting towards a digital and continuous landscape, compelling institutions to recalibrate their str...
- AI cyber risk is biggest immediate threat to global financial stability: FSB chair Andrew BaileyFinancial Stability Board Chair Andrew Bailey highlighted AI's immediate cyber risk concerns. He warned AI could accelerate cyberattacks, i...
- AI agent-led threats to rise multifold in next few yearsAI agent-related threats could surge three to fourfold over the next 18 months, Shivaprakash Abburu, cybersecurity partner at EY India, tol...
- US officials revise claims that government agencies were hacked by Chinese, now say they were targetsUS officials have corrected earlier claims that several government agencies were hacked by a Chinese state-sponsored group, clarifying that...
- As AI agents go rogue, cyber insurers are adapting their policiesInsurers, including MSIG, QBE and Beazley, are reviewing traditional cyber policies and adapting their language to account for emerging ris...
- ‘Mera aur Cyber Cell ka purana rishta hai’: Samay Raina jokes about ‘Latent’ row before CM Devendra Fadnavis felicitationSamay Raina joked about his “purana rishta” with Maharashtra Cyber while being felicitated by Chief Minister Devendra Fadnavis for his cont...
- Google expands Gemini AI platform for law firms, lawyersThe new plug-in for Gemini Enterprise includes integration with legal software and data platforms and a stable of AI agents that Google sa...
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