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The HP-Autonomy lawsuit: Timeline of an M&A disaster

CIO

Rather than selling software to customers, HP said, Autonomy had been selling them hardware at a loss, then booking the sales as software licensing revenue. Its Agentware internet search tools are used by enterprises including Barclays Bank and Unilever and sold as shrink-wrapped software through retail outlets.

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YC-backed Curacel unveils new API platform that enables tech-led businesses to offer insurance

TechCrunch

Curacel , the YC-backed startup that is developing insurance infrastructure for the African market, has launched a new interface that allows digital businesses like those in retail, fintech, e-commerce and logistics to add insurance to their core products. Insurance companies were losing a lot of money to fraud.

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Revolutionizing Auto Insurance: How InsurTechs are Lowering Auto Insurance Costs with Usage-Based Policies

Trigent

Usage-based insurance, often referred to as UBI, has shot to popularity due to its immense potential for insurers when it comes to customization and cost savings. In-car technologies and the surge in connected cars significantly contribute to the growing market size of usage-based insurance. percent between 2023 and 2032.

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Fintechs in Africa continue to overshadow all other startups in funding gained

TechCrunch

And, given the incremental funding for fintechs in Africa over the years, capital injected into these startups is only likely to increase with deepening mobile phone usage and internet penetration. . It is also poised for greater growth as the adoption of lending, digital payments, banking and insurance services grows. .

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Payments remain the darling of the fintech space

TechCrunch

Either way, let’s hope 2023 brings with it greater due diligence, less ego and more viable business models. On outage tracker DownDetector.com, irate customers reported missing funds and unexpected negative balances due to problems with the digital payment network.” announced] the launch of its insurance arm.

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Cybersecurity Snapshot: DHS Tracks New Ransomware Trends, as Attacks Drive Up Cyber Insurance Claims and Snatch Variant Triggers Alert

Tenable

Furthermore, don’t miss new source-code management tips from the OpenSSF. Insurance provider Coalition said in its “ 2023 Cyber Claims Report: Mid-year Update ” that cyber claims rose 12% in the first half of 2023 compared with the second half of 2022, a surge driven primarily by ransomware attacks. And much more!

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Cybersecurity Snapshot: What’s in Store for 2024 in Cyberland? Check Out Tenable Experts’ Predictions for OT Security, AI, Cloud Security, IAM and more

Tenable

Before issuing coverage, cyber insurers will conduct their due diligence process more stringently. And when they do offer policies to industrial companies, the scope of coverage will be more limited. And when they do offer policies to industrial companies, the scope of coverage will be more limited.