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Top Insurance-edge.net News

Government could buy car parts to protect Jaguar Land Rover suppliers — REUTERS / pwu404

UK Politics · United Kingdom

Government could buy car parts to protect Jaguar Land Rover suppliers

78% Center coverage: 31 sources

Ministers are considering stepping in to support Jaguar Land Rover's suppliers after the carmaker was forced to suspend production due to a cyber-attack. The attack at the end of August meant JLR was forced to shut down its IT networks. Its factories remain suspended until next month at the earliest.See the Story

UK’s Fraud Detection AI to Be Licensed Abroad After Recovering £480m in Lost Revenue

Artificial Intelligence · United Kingdom

UK’s Fraud Detection AI to Be Licensed Abroad After Recovering £480m in Lost Revenue

100% Center coverage: 1 sources

UK government says its new AI fraud detection system helped recover £480 million in lost revenue in just one year.See the Story

UK FCA Plans to Waive Some Rules for Crypto Companies: FT

Regulation · United Kingdom

UK FCA Plans to Waive Some Rules for Crypto Companies: FT

100% Center coverage: 1 sources

The U.K.'s Financial Conduct Authority (FCA) has plans to waive some of its rules for cryptocurrency companies, according to a Financial Times (FT) report on Wednesday.However, in another areas the FCA intends to tighten the rules where they pertain to industry-specific risks, such as cyber attacks.The financial watchdog wishes to adapt its existing rules for financial service companies to the unique nature of cryptoassets, the FT reported, citi…See the Story

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