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Prudential Financial Discloses Breach, Investigates Unauthorized Access to IT Systems

The renowned international financial services firm Prudential Financial, which oversees $1.4 trillion in assets, said it was the victim of a recent ha

The renowned international financial services firm Prudential Financial, which oversees $1.4 trillion in assets, said it was the victim of a recent hack in which hackers had access to contractor and employee data before being prevented from using the hacked systems. The hack, discovered on February 5, involves user accounts and specific IT systems being accessed without authorization. Although there is a suspicion that a cybercrime gang is involved in the incident, Prudential has not discovered any proof of compromised client data. The organization is looking into it to determine its kind of breach. Previously, in May 2023, a breach involving a thirdparty vendor affected around 320,000 Prudential clients. Prudential evaluates the possible effects of the current intrusion after reporting it to the authorities. Read More..

B2B Tech News | 2 months ago          

Redington Forecasts Revival in PC Demand Fueled by AI Features in New Devices

Redington, an Indian distributor of tech products, believes that releasing new gadgets featuring artificial intelligence AI capabilities would spur de

Redington, an Indian distributor of tech products, believes that releasing new gadgets featuring artificial intelligence AI capabilities would spur demand for personal computers in the upcoming fiscal year. After reductions during the previous six quarters, Ramesh Natarajan, CEO of Redingtons Singapore, India, and South Asia SISA division, anticipates singledigit percentage growth in the PC business for fiscal 2025. The market is anticipated to be stimulated by AIenabled PCs outfitted with processors that can execute AI applications locally. To diversify income sources beyond the sale of gadgets, Redington also anticipates development in its mobile phone business, particularly in the higherend market. Redington is also concentrating on growing its cloud services. Read More..

B2B Tech News | 2 months ago          

Saankhya Labs Receives Approval from MeitY for Semiconductor Design Project Under DLI Scheme

The Ministry of Electronics and Information Technology, Government of India MeitY has approved Saankhya Labs, a Tejas Networks subsidiary, for its app

The Ministry of Electronics and Information Technology, Government of India MeitY has approved Saankhya Labs, a Tejas Networks subsidiary, for its application under the Semiconductor Design Linked Incentive DLI initiative. The creation of a SystemonChip SoC intended for 5G telecom infrastructure equipment has been approved. For semiconductor design initiatives, the DLI programme offers financial incentives and assistance for the design infrastructure. After CDAC reviewed Saankhya Labs application on MeitYs behalf, payment was approved pending the fulfilment of development milestones. The CEO and Managing Director of Saankhya Labs, Parag Naik, thanked the government and highlighted the programs contribution to supporting domestic semiconductor development, aligning with Indias goal of selfsufficiency in the industry. Read More..

B2B Tech News | 2 months ago          

New Gen AI Quality & Trust Solution by CitiusTech Aims to Ensure Reliability in Healthcare AI

To guarantee dependability, quality, and confidence in Generative AI Gen AI solutions, CitiusTech has unveiled the Gen AI Quality & confidence solutio

To guarantee dependability, quality, and confidence in Generative AI Gen AI solutions, CitiusTech has unveiled the Gen AI Quality & confidence solution, an industryfirst solution designed for healthcare organisations. The answer addresses compliance and dependability issues, which frequently impede Gen AI initiatives. CitiusTech empowers its clients to confidently adopt Gen AI technologies, with the potential to acquire competitive advantages in the healthcare industry, by prioritising trust, quality, and dependability. The solution uses automated design and decisionmaking skills. It comprises a softwarebased framework with consultation, implementation, and support services. The solution offers a complete method of assessing, confirming, and monitoring the quality and trustworthiness of Gen AI solutions in the healthcare industry. It interfaces effortlessly with current MLOps, DataOps, and Quality Management Systems. Read More..

B2B Tech News | 2 months ago          

Report Statebacked Hackers from Russia, China, and Iran Using Microsoftbacked OpenAI Tools for Cyber Operations

A study issued on Wednesday claims that statesponsored hackers from North Korea, China, Iran, and Russia have improved their hacking skills by using t

A study issued on Wednesday claims that statesponsored hackers from North Korea, China, Iran, and Russia have improved their hacking skills by using tools from Microsoftbacked OpenAI. Microsoft revealed that these organisations were using big language models to improve their cyberattacks and produce replies that seemed human. Microsoft responded by outlawing access to its AI products for statesponsored hacking organisations. The disclosure highlights worry about AIs improper application and the fast spread of espionage endeavours. The hackers use of AI techniques has been described by OpenAI and Microsoft as "earlystage" and "incremental," with no notable advancements having been noticed yet. The prohibition reduces the risks of using AI for evil purposes, emphasising the difficulties of this cuttingedge technology. Read More..

B2B Tech News | 2 months ago          

Lucid Group Slashes Prices of Air Luxury Sedans in Bid to Boost Demand

Lucid Group is trying to stimulate demand in the face of a slowing market for electric cars by lowering the price of its Air luxury sedans by 1% to 10

Lucid Group is trying to stimulate demand in the face of a slowing market for electric cars by lowering the price of its Air luxury sedans by 1% to 10%. The cars are intended to be more competitively priced, with the Air Pure rearwheel drive starting at $69,900 and the Air Grand Touring at $109,900. The action was taken in response to a slowdown in demand for EVs, which forced manufacturers to modify their production and pricing schedules. Along with these benefits, Lucid announced that every Lucid Air purchase or lease will come with a $1,000 allowance for specific charging accessories and free regular maintenance for two years. Even with these initiatives, a slower growth rate for the worldwide EV market is anticipated in 2024 due to reduced governmental subsidies. Read More..

B2B Tech News | 2 months ago          

BRICS Countries Expected to Drive Global Wealth Growth Over Next Decade

Over the next ten years, the number of millionaires in the BRICS countries is expected to rise significantly, with their $45 trillion in investable we

Over the next ten years, the number of millionaires in the BRICS countries is expected to rise significantly, with their $45 trillion in investable wealthgenerating the most significant wealth increase globally. The BRICS group is expected to have 85% more millionaires over the next ten years, according to a survey by Henley & Partners and New World Wealth. This rise is more than that of the advanced nations of the Group of Seven G7, where a 45% increase in millionaires is predicted. With an estimated 110% increase in wealth per person by 2033, India is the leader in this wealth boom, followed by Saudi Arabia, the United Arab Emirates, China, and Ethiopia. Despite this general expansion, a few BRICS nations, including Iran and South Africa, have declined their millionaire populations since 2013. Read More..

B2B Tech News | 2 months ago          

Mining Indaba Highlights Urgent Need for Local Banks to Finance African Projects

The Mining Indaba this year made clear how important it is for regional banks to back more mining projects in Africa, especially those that foreign le

The Mining Indaba this year made clear how important it is for regional banks to back more mining projects in Africa, especially those that foreign lenders deem riskier. In 2022, Africa spent less than 10 per cent of the worldwide average on mining exploration, although possessing 30 per cent of the worlds mineral reserves. This was mainly because of challenges in obtaining money from outside sources. Local financial institutions are encouraged to fill this need as interest in African mining grows. The secondlargest bank in the Democratic Republic of the Congo, EquityBCDC, spoke with Celestin Mukeba Muntuabu, Managing Director, about his banks plans for African mining. Meanwhile, highinterest rates are anticipated to continue in 2024, burdening African borrowers even more—who spend a substantial amount of their export revenues on external debt repayment. Additionally, Tanzania faces a sugar shortage, prompting regulators to approve imports and plans to boost local production. Read More..

B2B Tech News | 2 months ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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