Risk Management
Aadhaar biometric data cannot be hacked, says Ravi Shankar Prasad
Panaji: The biometric data of Aadhaar cannot be hacked even if someone tried a billion times, Union Minister for Information Technology Ravi Shankar Prasad said on Sunday, while calling the data storage system "completely safe and secure". "... the system contains my fingerprints and my...
EU dismisses UK concerns about Post-Brexit continuity of Insurance Contracts
The Bank of England’s warning that Brexit threatens trillions of pounds of financial contracts is falling on deaf ears in Brussels. Valdis Dombrovskis, the European Union’s head of financial-services policy, dismissed an alert issued by BOE Governor Mark Carney, who said the U.K.’s withdrawal from...
Setting up a social media hub will be like creating a surveillance state, says SC
New Delhi: The Supreme Court today took a strong note of the Information and Broadcasting Ministry's decision to set up a social media hub for monitoring online data, observing that it will be "like creating a surveillance state. Bench issues notice to Union government on...
Mitigating Cyber Risk via Captives
Increasingly challenging The reality today is that virtually every individual and organization is vulnerable to a cyberattack, and the nature of the threat is continually evolving.The mayor of Atlanta, for example, was recently quoted as saying, “We are dealing with a hostage situation.” She was...
Facebook in Australia Faces Potential Class Action Suit over Data Privacy Breaches
Litigation funder IMF Bentham Ltd is preparing to potentially sue social media giant Facebook Inc in Australia over its sharing of users’ data with political consultancy Cambridge Analytica. The world’s largest social network said in April that data of up to 87 million people ended...
55,000 children kidnapped in 2016 in India
New Delhi: It seems that the fear of child lifting prevailing in different parts of the country is not completely unfounded, as nearly 55,000 children were kidnapped in India in 2016 -- a whopping 30 per cent increase over the previous year. According to the...
Poor governance & fraud risks hit India investment:Kroll
Global investors are slowly adopting a "wait and watch" approach on India as they are scaling down on their aggression ahead of general elections next year amid global uncertainties, according to US-based risk management firm Kroll. While India is one of the fastest growing major...
‘Incredibly shrinking airline seat’ Not a Safety Concern:U.S. US aviation regulator
Hopes for more legroom in increasingly cramped airplane cabins were dashed when U.S. regulators, responding to a court order, said they found no need to impose new standards on airlines. The Federal Aviation Administration, in a letter dated Monday, said the agency “has no evidence...
India Inc faces online bigotry risk,reputational & business risks can pose business continuity risks
A wave of religious intolerance as India heads toward elections is emerging as a new risk for its biggest companies. Over the past weeks, a telecom giant, the Indian lender led by Asia’s richest banker, and the local rival of Uber Technologies Inc. have been...
Cos' directors to furnish personal mobile numbers for verification: Govt
New Delhi: Directors at companies will soon be required to share their personal mobile numbers and e-mail ids with the government as part of verifying their credentials, amid continuing efforts to weed out bogus directorships. In a significant move, the corporate affairs ministry has decided...
