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Reddit Answers’ Debuts in India: AI Summaries and Smarter Searches Now Live

“Reddit Answers” in India, an AI-powered tool that offers users curated summaries, topic suggestions, and conversational responses. The platform aims to boost engagement by integrating AI into search and plans further expansion in India with a local office in Bengaluru. On April 24, 2025, Reddit Answers, a new AI service, was introduced in India. In addition to offering users curated summaries of pertinent comments and previous postings, the tool assists users in asking inquiries. Only a few users had access to the capability, which has been in testing since December 2024. The company’s homepage now features a new button that leads to the AI-powered search tool, which is now more widely accessible. Similar to how users might engage with Chatgpt, Perplexity, or other AI chatbots, clicking this button directs them to a page where they can pose inquiries to the AI. How Reddit Answers work Instead of directing users to Google to look for posts, the function aims to keep them on the platform. Reddit is setting Reddit Answers apart from other AI-based chatbots in this way. For instance, Reddit Answers’ conversational tool will provide a summary of the most recent Bollywood news in bullet points if a user queries the platform, “What is the latest Bollywood gossip?” Additionally, it will suggest related topics and subreddits on the same subject. Google’s AI Overview, which now shows up at the top of some Google search results, is quite similar to the structure of Reddit Answers. The social media site has been attempting to challenge conventional search engines by further integrating artificial intelligence into its search feature. Another instance would be if a person inquired, “I’m going to Kolkata.” Which locations offer the greatest authentic Bengali thali? The AI-powered feature highlights must-try dishes, summarises suggested locations, and gives links to original publications. Reddit Answers outperforms Google when it comes to complex topics with different points of view. One of the primary distinctions between the two search engines is this. For instance, when questioned, “What are the advantages and disadvantages of residing in Gurugram?” Reddit Answers presents viewpoints from both sides, highlighting five advantages and five disadvantages. Links to one or two pertinent Reddit posts on the subject are included with each point. Reddit and Google announced a partnership last month, aiming to use the Gemini tool to help users find answers quickly and enhance search relevance. Reddit has over 100,000 online communities and 400 million weekly active users. Reddit went public earlier last year. During an October earnings call, Reddit CEO Steve Huffman referred to search as “a key part of the strategy” for the firm, pointing out that an increasing percentage of users were relying on Google to find material on Reddit. By boosting platform traffic in recent months, Google has helped Reddit’s spectacular growth by attracting a significant number of new members. Since its inception in 2005, Reddit has offered its members free access to the network; however, it now intends to impose a paywall on certain material. Reddit is now looking to India for growth, even though the US is still one of its biggest markets. According to reports earlier this year, Reddit was considering hiring a local staff and opening an office in Bengaluru in order to reach a new audience of users.

Google-Kantar study presents a cautiously positive view of India’s adoption of Gen AI

A Google-Kantar study highlights growing interest in Generative AI in India, though challenges in awareness and usability persist. Google’s push for localised language support, simpler interfaces, and device integration aims to make its Gemini AI more accessible across diverse user groups. The country’s use of Generative AI (Genai) is changing, according to a recent study by Google and Kantar India. Although interest in the technology is growing, there are still several barriers to entry, particularly in the areas of knowledge and usability. Early users of Google’s Gemini platform, however, are citing significant advantages, pointing to a possible route for broader adoption if these obstacles can be removed. Google is aggressively seeking to increase capabilities and streamline access. The study includes more than 8,000 in-person interviews from various town classes in 18 cities between November 2024 and March 2025. Men and women from socioeconomic classes A and B who were between the ages of 18 and 44 were the survey’s target respondents (referred to as “Indian” in the report). Although interest in AI is growing, the survey found a sizable knowledge gap. Less than one in three Indians have used a generative AI tool, and three out of five are unaware of what artificial intelligence is or does. Understanding how to access and use these technologies is cited as a barrier by three-fourths of individuals who are not currently using Genai. Google is concentrating on making its AI products more user-friendly to meet this challenge. We’ve begun incorporating a lot of those [Genai] features. You’re starting to notice a single app more and more now.”All of these features are built into the Gemini app,” said Manish Gupta, Senior Director at Google DeepMind, in an exclusive interview. The goal of this consolidation is to give users a single location for all of their generative AI requirements while also removing the confusion that is frequently brought on by different AI services. Google is giving multimodal interaction top priority to further improve accessibility. According to Mr. Gupta, “so users can ask them [AI] with a few prompts.” As a result, Gemini will be more user-friendly for a larger spectrum of users by enabling text, speech, and visual inputs. Google is also concentrating on diversity by providing language support. “Our team has been working hard,” Mr. Gupta emphasised, “and we can improve the quality [of AI output] by understanding over 100 Indian languages.” This aids the business in localising AI advancements, especially in India, where not everyone speaks English. Beyond the app experience, Google is also attempting to use smaller language models to integrate AI capabilities straight into gadgets. This makes Gemini more accessible even in places with constrained bandwidth by enhancing performance and lowering dependency on continuous internet connectivity. Early adopters are already discovering useful uses for Gemini, despite the difficulties in gaining access to AI technologies. The survey outlines a variety of use cases, such as researching difficult subjects, helping with schoolwork, organising trips, obtaining “how-to” guides, professional email support, purchasing advice, picture creation, coding aid, and even gastronomic exploration. 75% of Indians believe that to thrive in life, they need a daily growth collaborator, and Gemini is well-positioned to be that person. In its report on the study, Google said that “for those who have overcome the initial barriers, the impact of Genai often goes beyond just task completion – it’s making a difference in how they feel about their capabilities.” The Google-Kantar report paints a cautiously hopeful picture of Genai in India. Although there are still many obstacles to overcome in terms of usability and awareness, Google’s efforts to simplify its products, give localized language support top priority, and incorporate AI directly into devices are essential steps in realizing the technology’s full potential as a “daily growth collaborator” for Indians from all socioeconomic backgrounds. The complete report is anticipated to provide more details on how Gen Z and Millennials view common problems.

Microsoft discloses how AI techniques have increased the risk of tech support fraud, employment fraud, and e-commerce fraud

Microsoft’s latest Cyber Signals report reveals that AI is fueling sophisticated fraud schemes in e-commerce, job recruitment, and tech support by enabling realistic fake websites, job offers, and social engineering attacks. The company has blocked billions in fraud attempts and urges users to stay vigilant and verify sources. According to the latest Cyber Signals study from Microsoft, artificial intelligence has significantly lowered barriers for hackers, enabling more intricate and believable fraud schemes. Microsoft rejected 49,000 phoney partnership enrollments, halted $4 billion in fraud attempts, and stopped over 1.6 million bot signup attempts per hour between April 2024 and April 2025. E-commerce fraud: AI can quickly produce realistic-looking phoney stores Thanks to AI algorithms, scammers can now create believable e-commerce websites in a matter of minutes rather than days or weeks. With artificial intelligence (AI)-generated product descriptions, images, and phoney customer evaluations, these websites mimic actual businesses. Another degree of dishonesty is introduced by AI-powered chatbots for customer support, which engage with consumers and postpone complaints using prewritten justifications to postpone chargebacks. Microsoft claims that the primary origins of this AI-powered fraud are China and Germany, with the latter being singled out due to its status as one of the largest e-commerce markets in the EU. In order to combat these assaults, Microsoft has incorporated fraud detection features into a number of its products, including Microsoft Defender for Cloud and Microsoft Edge, which provide deep learning-based domain impersonation detection and typo protection for websites. Employment fraud includes phoney interviews and employment offers enabled by AI Generative AI has increased employment theft by allowing scammers to create phoney job postings, credentials that have been stolen, and AI-powered email campaigns that are directed at job searchers. These scams might appear authentic through automated correspondence and AI-powered interviews, making it more difficult to identify fraudulent offers. Warning signs include unsolicited job offers that seem too good to be true, requests for personal information, such as bank account details, and offers that make large compensation promises for minimal qualifications. Microsoft cautions job seekers to verify the credibility of employers by cross-referencing corporate information and to be wary of communications from free domains rather than official company email addresses. On official websites and platforms like LinkedIn. Tech support fraud: AI strengthens social engineering attacks Even if other tech support schemes do not yet use AI, Microsoft has witnessed financially motivated gangs like Storm-1811 use voice phishing to imitate IT support to gain victims’ devices through legitimate features like Windows Quick Assist. To produce more convincing social engineering lures, AI techniques can speed up the gathering and organisation of data on the intended victims.

Open AI CEO Sam Altman claims Chat GPT can now reference and recall all your prior chats

Open AI CEO Sam Altman announced that ChatGPT’s memory has been significantly improved, allowing it to recall and reference all prior conversations for more personalized responses. The feature is rolling out to Pro users first, with broader access coming soon, and users can manage or disable memory anytime. ChatGPT’s memory feature has been “greatly improved,” according to OpenAI CEO Sam Altman, who announced on 10 April 2025. This means that it can now recall and refer to all of your previous conversations with it. According to OpenAI, the feature will enable ChatGPT to provide more tailored responses based on your interests and preferences, making it even more useful for writing, learning, and other purposes. “I think this is a fantastic feature, and it indicates something we are very excited about: AI systems that learn about you for your life and become incredibly helpful and customized,” Altman says. The feature’s rollout has already started. Only ChatGPT Pro members will be allowed to access it at first, and ChatGPT Plus customers will “soon” be able to do the same. In a few weeks, Team, Enterprise, and Edu customers will also have access, according to OpenAI. When or if the feature will be made available to free users is unknown. “EEA, UK, Switzerland, Norway, Iceland, and Liechtenstein” will not be able to use the service, Altman said. ChatGPT already has the memory feature. In September 2024, it was made available to ChatGPT Free, Plus, Team, and Enterprise users. The feature has now been enhanced, though. With the most recent update, OpenAI CEO Sam Altman claims that ChatGPT would be able to recall all of your previous chats with it when previously there were restrictions on how much context the chatbot could recall. This appears to be the beginning of your AI agent. It can now refer to your previous conversations in addition to the previously saved memories to provide answers that seem notably more pertinent and helpful. On X, OpenAI wrote, “New conversations organically build upon what it already knows about you, making interactions feel smoother and uniquely tailored to you.” Users will also have the option to choose not to use the functionality. Of course, you can choose not to participate in this or any recollection at all. In an article about X, OpenAI said, “New conversations organically build upon what it already knows about you, making interactions feel smoother and uniquely tailored to you.”You can go to Settings > Personalization > Memory to turn off the feature. You can switch memory there. Turning it on or off will prevent ChatGPT from remembering anything you discuss in the future. Additionally, you can choose “Manage Memory” to view the memory that is saved or to fully clear it. You have complete control over ChatGPT’s RAM as usual. You can change your settings at any time to stop using memory or previous conversations. By default, you will not be able to access previous conversations if you have already opted out of memory. Just ask in chat if you would want to modify the information that ChatGPT has on you. Use an ephemeral chat if you want to talk without consuming or affecting memory.

India to host Global Technology Summit in Delhi from April 10-12: Key agendas, theme and other details

India is hosting the 9th Global Technology Summit in New Delhi from April 10–12, focusing on the theme “Sambhavna” (possibilities) to explore innovation and global tech cooperation. Co-hosted by MEA and Carnegie India, the summit will feature over 150 speakers from 40+ countries discussing key issues like AI governance, cybersecurity, and digital infrastructure. The 9th edition of the Global Technology Summit (GTS), which will bring together some of the world’s most brilliant minds, will take place in the nation’s capital from April 10 to April 12. External Affairs Minister Dr S. Jaishankar will make the opening comments and formally introduce the summit during its first session. Co-hosted by Carnegie India and the Ministry of External Affairs (MEA), the GTS is India’s leading forum for high-level discussion on geo technology. Headquartered in New Delhi and Established in 2016, Carnegie India is a member of a strong worldwide network that includes more than 170 researchers. According to a news release from the MEA, the summit intends to bring together leaders from academia, industry, government, and civil society to have crucial discussions on innovation, resilience, and international cooperation in the digital sector. This year’s Global Technology Summit’s topic This year’s Summit has “Sambhavna” as its subject; the Hindi term means possibilities. It will concentrate on how new technologies can be used to strengthen digital governance, encourage cross-border collaboration, and support inclusive growth. The Summit’s Agenda The Global Technology Summit is anticipated to have a jam-packed schedule with over 40 public sessions spread across three days. According to the MEA announcement, attendees can anticipate a diverse range of keynote talks, ministerial-level discussions, expert panels, and strategic dialogues that will address the most important technology concerns facing the globe. More than 150 eminent speakers from over 40 countries, including the US, UK, Japan, Australia, France, Germany, Netherlands, Brazil, UAE, Nigeria, the Philippines, and the European Union, are anticipated to attend the event. The MEA added that by contributing a range of perspectives to the conversation, these global thought leaders will highlight the opportunities and difficulties confronting the digital sector today. Data protection, cybersecurity, space security, artificial intelligence governance, digital public infrastructure, and expanding technological cooperation, especially in the Global South, are just a few of the important topics that will be covered. With its comprehensive and forward-looking agenda, GTS 2025 hopes to be a historic occasion that shapes the direction of international tech innovation and policy. “This year, GTS 2025 will also elevate the voices of the next generation. Students and young professionals from all over India will directly contribute to policy discussions on responsible AI, digital futures, and international tech standards through the GTS Young Ambassadors program,” the MEA continued. About Global Technology Summit The Global Technology Summit (GTS), India’s premier international conference for technology discussion, brings together policymakers, business leaders, academics, and innovators to shape the global dialogue on emerging technologies. The Ministry of External Affairs (MEA) and Carnegie India are co-hosting the summit, which offers a crucial platform for analysing how technology affects development, governance, security, and geopolitics. Held annually in New Delhi, GTS places a strong focus on innovation, resilience, and equitable growth. It brings together speakers from around the globe to discuss pressing issues like cybersecurity, digital infrastructure, AI governance, and cross-border tech collaboration.

Hackers Deploy Neptune RAT via YouTube, Telegram & GitHub in Global Cyberattack

Hackers are spreading a powerful new malware, Neptune RAT, via YouTube, Telegram, and GitHub to steal passwords, and cryptocurrencies, and control Windows PCs undetected. Experts warn of its ransomware, spying, and data-wiping features, urging users to avoid suspicious links and strengthen cyber protection. The Neptune RAT, frequently referred to as the “Most Advanced RAT” (or remote access Trojan) ever, is a new strain of malware that hackers are using to infect vulnerable Windows PCs in a recent onslaught. The goal of this cyberattack is to hold victims hostage while stealing cryptocurrency and passwords. The Neptune RAT is quite sophisticated, according to a Cyber News report, and it can spy on the owner of the device, take over Windows devices, and do a lot more without being discovered by even the most effective antivirus program. The aforementioned malware strain is presently making the rounds on YouTube, Telegram, and GitHub, according to cybersecurity firm CYFIRMA. Similar to other malware strains, Neptune RAT operates on a malware-as-a-service basis, allowing any hacker to utilize it in their assaults for a monthly subscription. Everything you need to know about this new malware that targets Windows computers is provided here, along with some advice on how to protect your computer and data from the Neptune RAT. What can the Neptune RAT do? The Neptune RAT is a very powerful remote access program with a wide range of malevolent capabilities, according to CYFIRMA. A crypto clipper that tracks cryptocurrency transactions and substitutes wallet addresses under the control of attackers, rerouting cash without the victim’s awareness, is one of its most alarming characteristics. Apart from focusing on digital assets, Neptune RAT also has a password-stealing module that can retrieve login information from more than 270 programs, including popular web browsers like Chrome. The stolen data can be used to gain access to financial platforms, compromise social media accounts, and enable more attacks. The powers of the software go beyond simple stealing. One of its components is ransomware, which encrypts files and requests payment to unlock them. The system’s capacity to identify or react to the infection may be diminished if Windows Protector and other antivirus software are disabled. Additionally, Neptune RAT has screen tracking capabilities that let attackers see user activity in real-time. Data exploitation, blackmail, and spying are made possible by this. Neptune RAT contains a data destruction function that enables the attackers to fully erase the compromised system and leave no trace behind if they determine the virus has fulfilled its objective. How can one be safe? Since GitHub, Telegram, and YouTube are now the sites where Neptune RAT is being spread, users may want to avoid these sites as much as possible or exercise extreme caution while downloading files from them or clicking on links. Additionally, buying the best identity theft protection is encouraged as it will assist consumers in recovering money that has been lost due to an assault. These protection plans frequently include insurance, which is advantageous if an impacted user decides to replace their PC entirely.

Google Gemini Live update brings screen, and camera awareness to these phones

Google rolls out Project Astra-based camera and screen-sharing features in Google Gemini Live, enhancing real-time interaction on Pixel 9 and Galaxy S25 devices. Older Pixel users can access the features with a Gemini Advanced subscription. Google has started rolling out Project Astra-based cameras and screen-sharing features in the Google Gemini Live interface as part of the most recent Pixel Drop. Devices from the Samsung Galaxy S25 and Google Pixel 9 series come with these features free of charge. The capabilities are also available to users of previous Pixel devices, although they will require a Google Gemini Advanced membership. More participatory and visually aware conversations are made possible by the new Google Gemini Live features, which let users share their device’s screen or camera feed in real-time with the AI assistant. Details of camera and screen sharing with Gemini Live To obtain immediate information, users can utilize the camera on their smartphone to display Google Gemini as a landmark, a store, or a dish. Gemini changes its replies in real time as the camera moves. Similar to this, users can receive assistance during screen sharing based on the content that is shown on their screen, including documents, photographs, and web pages. How to use Gemini Live to share a screen Screen sharing can be enabled in two ways: Using the Gemini App on Mobile: Go to the live interface after launching the Google Gemini app. Press the recently added “Turn on screen sharing” button located at the bottom. Select “Share screen” from the option that appears. Outside of the Gemini app: You can use a voice command or long-press the power button to activate Google Gemini . Press the floating “Share screen with Live” button that shows up above the Gemini overlay. Select “Share screen” from the option that appears. Go back to the Gemini mobile app and select “Turn off screen sharing” to end sharing. As an alternative, press “Stop sharing” on the Screen Sharing card after swiping down from the top edge of the screen. Additionally, if the screen is locked or Live is paused, screen sharing instantly ends. How to use Gemini Live to share a camera Users can show Gemini what they are seeing by using their camera app while screen sharing is enabled. As an alternative: To begin sharing a live feed in Gemini Live, tap the camera icon. To stop, tap it one more. As necessary, switch between the front and rear cameras. According to Google, the camera will switch off on its own in the following circumstances: Gemini Live will automatically restart when it is resumed after being paused. You will have to manually turn the camera back on if your screen locks.

Google Unveiled Sec-Gemini v1, a New AI Model for Cybersecurity

Google has launched Sec-Gemini v1, an advanced AI model designed to enhance cybersecurity by aiding in threat analysis, vulnerability assessment, and incident investigation. The model outperforms rivals on key benchmarks and is being offered to select partners for research collaboration. Google has made a huge attempt to counter cyber-attacks by introducing Sec-Gemini v1, an experimental AI model meant to revolutionize cybersecurity. Elie Burzstein and Marianna Tishchenko from the Sec-Gemini team introduced a new AI model designed to help cybersecurity defenders confront the growing complexity of cyber-attacks using advanced AI. The Sec-Gemini team emphasized the fundamental asymmetry in cybersecurity in a blog post: attackers only need to take advantage of one weakness, while defenders must fight against every potential assault. Security experts have long struggled with this imbalance, which makes their work laborious and error-prone. Sec-Gemini v1 uses AI-powered tools to “force multiply” cybersecurity workflows to give defenders the upper hand again. Based on Google’s Gemini model, Sec-Gemini v1 blends state-of-the-art reasoning abilities with near-real-time cybersecurity knowledge. Using a range of data sources, including Google Threat Intelligence (GTI), the Open Source Vulnerabilities (OSV) database, and Mandiant Threat Intelligence, In crucial domains like incident root cause investigation, threat analysis, and vulnerability impact assessment, the model provides unmatched performance. On the CTI-MCQ benchmark, a leading indicator of cybersecurity threat intelligence, it outperformed rivals by at least 11%. On the CTI-Root Cause Mapping (CTI-RCM) benchmark, which assesses a model’s capacity to decipher vulnerability descriptions, identify the underlying causes, and categorize them using the Common Weakness Enumeration (CWE) taxonomy, it scored at least 10.5% better than its competitors. Impact on the Real World and Cooperation Google offers a noteworthy example that demonstrates the usefulness of Sec-Gemini v1. The model provided a thorough explanation enhanced by Mandiant Threat Intelligence data in addition to accurately identifying “Salt Typhoon,” a known threat actor, which is something that not all AI models are capable of. Additionally, using information from OSV and contextualizing it with threat actor insights, Sec-Gemini v1 examined vulnerabilities associated with Salt Typhoon. It is anticipated that this level of research will aid cybersecurity experts in evaluating risks and addressing threats more effectively. Google underlined that the sector must work together to advance AI-driven cybersecurity. A limited number of organizations, institutions, experts, and non-governmental organizations shall have free access to Sec-Gemini v1 for research purposes in order to promote cooperation. Google has given a form for interested parties to use to seek early access. Google is putting itself at the forefront of AI cybersecurity with Sec-Gemini v1, providing a preview of a future in which defenders will be more prepared to fend off attackers. Tools like this could be crucial in levelling the playing field as cyber threats continue to change.

Tech Mahindra and Nuix Collaborate to Provide Improved Data Investigation and Cybersecurity Tools

Tech Mahindra and Nuix , an Australian software company, have partnered to offer better data protection, fraud detection, and regulatory compliance solutions. The partnership combines Nuix’s AI-powered investigative and data analytics tools with Tech Mahindra’s expertise in digital engineering, cyber risk management, and artificial intelligence (AI). Tech Mahindra has partnered with Australian firm Nuix to enhance data investigation and cybersecurity solutions by integrating Nuix’s AI-powered analytics tools into its services. The collaboration aims to help businesses manage data breaches, fraud, and compliance, starting in the Asia Pacific and Japan regions. The main goal of the collaboration is to include Nuix’s Neo platform within Tech Mahindra and Nuix service portfolio. Businesses will be able to better manage data breaches, safeguard sensitive information, and react to fraud and regulatory concerns as a result, especially those in industries with stringent compliance requirements like banking, insurance, telecommunications, and government. Large amounts of structured and unstructured data can be processed by Nuix’s technologies, which then make the data searchable and actionable for legal examinations and investigations. “We will enable our clients to put in place reliable, economical, and incredibly scalable security solutions for the future. According to Harshvendra Soin, President of Asia Pacific and Japan Business at Tech Mahindra, “this partnership will accelerate our ability to deliver exceptional value, especially during critical moments like data breach incidents where rapid response is essential.” Before going worldwide, the collaborative endeavour will initially concentrate on clients in the Asia Pacific and Japan regions. Mahindra and Nuix will offer its knowledge of digital investigations and data privacy, while Tech Mahindra will assist with worldwide sales and delivery. In the wake of escalating cybersecurity concerns, the partnership is anticipated to assist both companies in increasing their footprints in regulated markets and providing more reliable solutions for handling digital evidence and personal data. Tech Mahindra and Nuix will collaborate to help businesses bolster their defences against fraud, data breaches, and regulatory risk. Through the partnership, customers will have access to some of Nuix’s most advanced data privacy, investigative, and legal solutions, such as Nuix Neo Data Privacy, Nuix Neo Investigations, and Nuix Neo Legal, which will help safeguard sensitive information (like personally identifiable information), expedite investigations, and oversee the curation of vast amounts of digital evidence for legal cases, according to Jonathan Rubinstein, CEO of Nuix.

BFSI and Tech Lead India’s Cyber Insurance Surge Amid Growing Attacks

Cyber insurance adoption in India is surging, driven by rising cyberattacks, with BFSI and tech sectors holding a 70% market share. Nearly 100% policy renewals and increased first-time buyers highlight its growing role in ensuring business continuity and regulatory compliance. In India, cyber insurance is expanding at an unprecedented rate, with 100% of policies being renewed as companies realize how often cyberattacks are becoming. With a combined 70% market share, the BFSI (35–40%) and technology (30%) sectors are driving uptake, per a survey by Policy Bazaar for Business. The survey also shows that business interruptions caused by data breaches account for 45% of all cyber insurance claims, underscoring the critical role that cyber coverage plays in preserving business continuity. According to the report, the largest penetration of cyber insurance is found in mid-to-large firms with annual sales of at least ₹10 crore, suggesting a better awareness of regulatory requirements and cyber hazards. The following is the adoption breakdown by industry: BFSI (35-40%) – Financial institutions are the biggest buyers of cyber insurance due to increased financial fraud, regulatory scrutiny, and customer data protection requirements. Technology & IT (30%) – IT and internet companies are giving risk mitigation through insurance top priority because of their data-heavy operations and high vulnerability to cyberattacks. Start-ups (25%) – Adoption among rapidly expanding firms is being driven by venture capital investors and contractual responsibilities. Healthcare (5%) – More and more hospitals and healthcare organizations are protecting themselves from ransomware and data intrusions. Logistics (5%) – Logistics companies are investing in coverage as a result of the increased cyber dangers brought about by the growth of digital supply chains. According to the survey, a notable change has also occurred, with 30–35% of companies acquiring cyber insurance for the first time. This implies that individuals are becoming increasingly conscious of the operational and financial risks associated with cyberattacks, especially for start-ups and mid-sized enterprises. More and more businesses are adopting a proactive strategy, acquiring coverage before an attack, in place of a reactive one. What’s driving cyber insurance claims? The survey also sheds light on the reasons why companies are submitting cyber insurance claims, with the biggest percentage (45%) citing business disruptions brought on by data breaches. Claim Type Percentage of Claims Business Interruption from Data Breach 45% Social Engineering Attacks (Phishing, CEO Fraud) 25% Ransomware Incidents 20% Other 10% Businesses are using insurance to cover both direct financial losses and operational disruption as a result of the increase in ransomware attacks and social engineering scams. According to the report, growing contractual duties and regulatory constraints have caused the cyber insurance market to expand rapidly over the past 12 to 24 months. Regulatory compliance: Businesses are being forced to strengthen their cyber resilience in response to more stringent cybersecurity regulations and data protection rules. Contractual requirements: As part of their risk management framework, businesses, particularly in the BFSI and IT sectors, now demand that partners and vendors obtain cyber insurance. Risk assessments: Businesses are aggressively detecting weaknesses and obtaining insurance before problems arise. Eva Saiwal, Head of Liability Insurance at Policy Bazaar for Commercial, notes that “cyber insurance has evolved from a niche product to a business necessity.” The nearly 100% renewal rate suggests that businesses consider it essential. Cyber insurance is now a crucial component that facilitates business continuity in addition to financial recovery. Building a robust digital ecosystem will require incorporating insurance into cyber risk management plans as cyber threats increase.

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