Apple-backed study finds rise in data breaches In the first nine months of 2023, U.S. data breaches increased by 20% compared to the full year 2022, according to a new study that was commissioned by Apple . The iPhone maker paid for the study, which was conducted by Massachusetts Institute of Technology Professor Stuart E. Madnick, about a year after ...
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Role of cyber insurance in incident response planning: From data breach to resilience Anand Venkatraman, Partner, Risk Advisory, Deloitte India The digital landscape is driving the global economy, transforming the business environment, and giving rise to new business models within the new digital economy. However, with such unprecedented transformation comes risks of cybersecurity incidents and data breaches. While organizations continue ...
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In Davos, AI excitement persists but fears over managing risks Walking around in Davos where the global elites gathered for the World Economic Forum this week, there were two inescapable words on the windows: artificial intelligence. If 2023 was the year everyone including investors and politicians were feverishly excited about AI, 2024 looks set to be a more sober year ...
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Companies rush for cyber insurance on data laws, digitization Insurance is generally difficult to sell, but for a product like cyber insurance, the coin has flipped. The market is at a point where demand is growing fast and insurance companies might not be prepared to meet it yet, say industry insiders. Multiple insurance brokers ET spoke to said that over ...
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China issues draft guidelines for standardizing AI industry China’s industry ministry on Wednesday issued draft guidelines for standardizing the artificial intelligence (AI) industry, it said in a statement posted on the ministry’s website. The draft proposes to form more than 50 national and industry-wide standards for AI by 2026. It also said China aimed to participate in forming more than ...
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RBI releases draft framework for recognising FinTech SROs The Reserve Bank of India on Monday released a ‘draft framework for recognising Self-Regulatory Organisations (SRO) for FinTech Sector’, stating the characteristics of a FinTech SRO, including the required functions and governance standards. RBI stated that self-regulation within the FinTech sector is a preferred approach for achieving the desired balance. According to ...
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Tech firm Baidu denies report that its Ernie AI chatbot is linked to Chinese military research Technology company Baidu on Monday refuted a newspaper report that said its artificial intelligence chatbot Ernie was linked to Chinese military research. Hong Kong newspaper South China Morning Post on Friday cited an academic paper from a university affiliated with the People’s Liberation Army ...
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Musk wants 25% voting control at Tesla before fulfilling AI goal Elon Musk, CEO, Tesla Tesla CEO Elon Musk said on Monday he would be uncomfortable growing the automaker to be a leader in artificial intelligence and robotics without having at least 25% voting control of the company, nearly double his current stake. Musk said in a post on social ...
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AI and climate change threaten nearly half the world’s businesses Almost half of global chief executives said their business models won’t be viable within a decade due to the pace of technological advances such as AI and climate pressures, according to a survey. PricewaterhouseCoopers’ poll of 4,702 company leaders around the world found that 45% said their businesses could fail ...
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AI likely to weaken global economy in 2024: Chief economists More than 50% of global chief economists expect the world economy to weaken in 2024, as it grapples with tight financial conditions, geopolitical tension and rapid advances in generative artificial intelligence (AI). The Chief Economists Outlook released by the World Economic Forum (WEF) on Monday said about 70% of the ...
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What is Firewall? A Firewall is a network security device that monitors and filters incoming and outgoing network traffic based on an organization's previously established security policies. At its most basic, a firewall is essentially the barrier that sits between a private internal network and the public Internet.
Secure your network at the gateway against threats such as intrusions, Viruses, Spyware, Worms, Trojans, Adware, Keyloggers, Malicious Mobile Code (MMC), and other dangerous applications for total protection in a convenient, affordable subscription-based service. Modern threats like web-based malware attacks, targeted attacks, application-layer attacks, and more have had a significantly negative effect on the threat landscape. In fact, more than 80% of all new malware and intrusion attempts are exploiting weaknesses in applications, as opposed to weaknesses in networking components and services. Stateful firewalls with simple packet filtering capabilities were efficient blocking unwanted applications as most applications met the port-protocol expectations. Administrators could promptly prevent an unsafe application from being accessed by users by blocking the associated ports and protocols.
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