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SC says digital access intrinsic to right to life, directs changes in KYC guidelines for disabled

SC says digital access intrinsic to right to life, directs changes in KYC guidelines for disabled

by AIP Online Bureau | Apr 30, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

A bench of Justices JB Pardiwala and R Mahadevan said the changes in digital KYC guidelines for people with disability, including blindness, and acid attack survivors are necessary as they are unable to complete the KYC process and avail facilities like opening bank...

Insurance companies plan $41 bn trade switch to bond forwards

by AIP Online Bureau | Apr 30, 2025 | Eco/Invest/Demography, Indian News, Life, Regulation, Wealth Management/ Philanthropy

Insurance companies are in talks with the authorities to convert about Rs 3.5 trillion ($41 billion) worth of rates derivative contracts into bond forwards, people familiar with the matter said. Such contracts offer investors the opportunity to own the securities,...
Hackers target ransomware by disrupting Marks & Spencer Group  

Hackers target ransomware by disrupting Marks & Spencer Group  

by AIP Online Bureau | Apr 29, 2025 | International News, Risk Management, Technology, Workplace/Employee Benefits

A group of suspected cybercriminals hit the company with a kind of ransomware known as DragonForce London: A ransomware attack is the cause of a disruption at Marks & Spencer Group Plc., with hackers using a potent kind of malware to lock down some of the British...

U.S. insurers face higher loss costs and market risks from trade war: Fitch

by AIP Online Bureau | Apr 29, 2025 | Eco/Invest/Demography, International News, Non-Life, Policy

Property casualty (PC) insurers face cost inflation in personal auto and homeowners’ lines from tariffs. Other watch items include increased severity of claims pressuring margins, and the effect of market volatility and potential losses on equity portfolios New...
Uniform cybersecurity norms should govern telcos, OTT communication apps: COAI

Uniform cybersecurity norms should govern telcos, OTT communication apps: COAI

by AIP Online Bureau | Apr 29, 2025 | Eco/Invest/Demography, Indian News, Risk Management, Technology

“COAI feels that the cybersecurity measures need to be reinforced with clear outlines on the purpose, which is to free the people of such unwanted spam/fraud calls and messages to the maximum extent possible. For the same purpose, it may be judicious that...
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