Legal experts say India's cyber and D&O insurance policies only partly cover deepfake enabled fraud, urging AI specific riders as IRDAI's new AI working group and stalled deepfake legislation leave companies exposed in the meantime.
Category: Policy & Regulation
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Arizona Labor Force’s $300,000 Data Breach Settlement Gets First Court Nod
Arizona Labor Force will pay $300,000 to settle a lawsuit over a 2023 breach that exposed employee SSNs and W2 data to the dark web, after a federal judge granted preliminary approval, three years after the incident and no direct notice to workers.
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RBI Governor Sanjay Malhotra Sets Out AI Playbook for Indian Banks, Puts Human Oversight First
RBI Governor Sanjay Malhotra told Indian bank boards that AI decisions still answer to a human: model inventories, board approved governance, explainability and override are now the baseline, with accountability resting on the bank, never the vendor.
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BOXX Insurance Adds Affirmative AI and Deepfake Coverage to Cyberboxx Business Policy
BOXX Insurance has added affirmative AI and deepfake coverage to its Cyberboxx Business cyber policy, closing a gray area as voice cloning and executive impersonation scams rise sharply.
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SEBI Flags the Boss Scam: Deepfake CEO Impersonation Fraud Reaches India’s Listed Companies
SEBI has warned listed companies and regulated entities about the Boss Scam, a wave of CEO impersonation fraud using AI voice cloning, deepfake video calls and hijacked WhatsApp sessions to push finance teams into urgent transfers. Here is how the fraud works and what to do about it.