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Eco/Invest/Demography

AXA halts ransomware crime reimbursement in France

“The word to get out today is that, regarding ransomware, we don’t pay and we won’t pay,” cybercrime prosecutor Johanna Brousse said at the hearing.

Only the U.S. surpassed France last year in damage from ransomware to businesses, hospitals, schools and local governments, according to the cybersecurity firm Emsisoft, estimating France’s related overall losses at more than $5.5 billion.

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United States’ biggest gasoline pipeline halted after cyber-attack

Hacking threats to critical infrastructure have been growing, prompting the White House to respond with a plan to try to increase the security of utilities and their suppliers.

The first leg of that effort, announced April 20, will address security holes in the electrical grid, before moving to other sectors, including the country’s gas pipelines and water utilities.

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Over 11.8 lakh beneficiaries of age group 18-44 vaccinated so far in Phase-3: Health Ministry

The ministry said 16,49,73,058 vaccine doses have been administered through 24,11,300 sessions, as per the provisional report till 7 am today and more than 23 lakh vaccination doses were administered in the last 24 hours. As on Day-111 of the vaccination drive (May 6, 2021), 23,70,298 vaccine doses were given. Across 18,938 sessions, 10,60,064 beneficiaries were vaccinated for 1st dose and 13,10,234 beneficiaries received their 2nd dose of vaccine.

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LIC relaxes claim settlement requirements

To facilitate speedy settlement of death claims in the prevailing situation where death has occurred in a hospital, in lieu of Municipal Death Certificates, the corporation has allowed alternate proofs of death such as: Death certificate, Discharge summary/Death summary containing clear date and time of death issued by Govt/ESI/Armed Forces/Corporate Hospitals and counter-signed by LIC class I officers or Development Officers of 10 years standing alongwith Cremation/Burial certificate or authentic identifying receipt issued by the relevant authority.

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Surging India virus cases may derail recovery but ratings outlook stable-S&P

“Our downside scenarios suggest a less robust recovery in government revenues, and the severe downside scenario may entail additional fiscal spending,” they added.

The agency, however, said it still expects the economy to expand for the year as a whole, even though it said there are downside risks to its current baseline projection of 11% growth.

It expects growth to fall to 9.8% under its moderate scenario and to 8.2% under the severe scenario based on when the current infection wave peaks.

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