Money in Swiss banks: India moves to 73rd place, UK remains on top

      Jul 01, 2018

  FDI growth hits 5-year low in 2017-18India has moved up to 73rd place in terms of money parked by its citizens and companies with Swiss banks, while the UK remains on the top. India had slipped to 88th place with a 44 percent plunge in...

Is your smart fridge mining bitcoin for criminals? A guide to cryptojacking

Risk Management       Jan 23, 2019

London: Is the web browser on your phone slower than usual? It could be mining bitcoin for criminals.   As the popularity of virtual currencies has grown, hackers are focusing on a new type of heist: puttingmalicious software on peoples' handsets, TVs and smart fridges that...

Christine Lagarde, Managing Director, International Monetary Fund

Estimating Cyber Risk for the Financial Sector

Risk Management       Jun 22, 2018

  Cyber risk has emerged as a significant threat to the financial system. An IMF staff modeling exercise estimates that average annual losses to financial institutions from cyber-attacks could reach a few hundred billion dollars a year, eroding bank profits and potentially threatening financial stability.   Recent...

As dust storms brew, India breathes toxic air throughout the year

Health       Jun 19, 2018

  In 2018 alone, there have been 50 severe storms across 16 Indian states that have led to more than 500 deaths, compared to 22 storms between 2003 and 2017   Deadly dust storms sweeping over the densely-populated north Indian plains are part of a "new normal"...

Tech Push for Micro Insurance

Technology       Jun 17, 2018

  Being one of the fastest developing economies, India has witnessed the growth of several sectors in the past two decades. However, Insurance is still one of the least evolved sectors in terms of innovation, efficiency, and transparency. Now with key developments in insurance regulations, the...

Despite progress, India has a long way to go in digital and financial inclusion: W20

      Jun 14, 2018

  Despite significant progress in the Digital India campaign, India still has a long way to go when it comes to growth in financial inclusion, in particular that of women, an Indian delegate to the W-20, which represents women from G-20 countries, said. In its first...

Natural resources mismanagement pose interruption & liability risks for biz:Allianz Study

Risk Management       Jun 12, 2018

  Natural resources such as clean air and fresh water are vital for businesses – and at the same time massively at risk across many industry sectors today. Failure to manage the earth’s natural resources or “natural capital” has consequences that extend beyond direct effects on...

B.N. Srikrishna , a former Supreme Court Judge

Srikrishna panel likely recommendations make Google and Amazon Nervous

Risk Management       Jun 11, 2018

B.N. Srikrishna is a genial, 77-year-old former Supreme Court judge who recites Shakespeare and Sanskrit scriptures with equal facility. But he’s making the likes of Google, Amazon and Facebook more than a little nervous.   Srikrishna is leading the effort to draft new data-privacy laws for...

AI matching human intelligence still decades away: CA research scientists

Technology       Jun 10, 2018

  Artificial Intelligence (AI) is still decades away in matching human intelligence, despite major advances, according to scientists at CA technologies who are involved in cutting-edge research.   "On true general intelligence there has been a lot of work, but the whole scientific community agrees that it...