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Over 7 in 10 Indian firms suffered from ransomware attack last year

by AIP Online Bureau | May 5, 2022 | Eco/Invest/Demography, Indian News, Risk Management

The average ransom paid by the Indian organisations that had data encrypted in their most significant ransomware attack was $1,198,475, with 10 per cent of victims paying ransoms of $1 million or more, according to cybersecurity firm Sophos. “The ransomware...

EU targets Russia’s global oil trade with shipping sanctions

by AIP Online Bureau | May 5, 2022 | Eco/Invest/Demography, International News, Policy

The bloc is proposing to ban European vessels and companies from providing services — including insurance — linked to the transportation of Russian oil and products globally as part of its new sanctions package, according to officials and a draft document seen by...
Snarled-up ports point to worsening global supply chain woes – report

Snarled-up ports point to worsening global supply chain woes – report

by AIP Online Bureau | May 5, 2022 | Eco/Invest/Demography, International News

“Global port congestion is worsening and becoming increasingly widespread,” RBC’s Head of Digital Intelligence Strategy, Michael Tran, and colleague, Jack Evans, said in the report, acknowledging it was hard to say when things would improve RBC said...

Need to arrest prolific sale of counterfeit products on e-commerce platforms: Delhi HC

by AIP Online Bureau | May 4, 2022 | Eco/Invest/Demography, Indian News

New Delhi: The Delhi High Court has expressed its concern over the “prolific” sale of counterfeit and knockoff products on e-commerce platforms and said the practice has to be arrested to protect trademark owners as well as the customers. The observation was made by...
Fed hikes rates half point, biggest rise in 22 yrs to curb US inflation

Fed hikes rates half point, biggest rise in 22 yrs to curb US inflation

by AIP Online Bureau | May 4, 2022 | Eco/Invest/Demography, International News

Fed Chair Jerome Powell “The committee is highly attentive to inflation risks,” the Fed said in the statement, adding a reference to Covid-related lockdowns in China that “are likely to exacerbate supply chain disruptions.” That comes on top of Russia’s invasion of...
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