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Credit card data of 17K ICICI Bank users exposed; bank blocks cards, assures compensation
In a statement the ICICI Bank spokesperson said that it came to...
CRISIL subsidiary gets SEBI nod to offer ESG ratings
Gurpreet Chhatwal, Managing Director, CRISIL Ratings, “The ESG...
China’s appetite for luxury cars is now a boon for eastern European nations
Automotive investment has helped transform the former Eastern Bloc. Lured by a cheap but skilled workforce and proximity to major European markets, large producers that also include Hyundai Motor Co. and Kia Motors Corp. have built state-of-the-art assembly lines across the region, which is also home to a web of component makers.
Cyber attacks up multi-fold in current environment: India”s cyber security coordinator
“In such unprecedented times, you mentioned two Cs – the challenge of corona and challenge of cyber. Actually, at the perch which I sit, there are 3 Cs. The third ”C” of course is on our northern border, which is another challenge that we are facing.
“In such an environment, cyber-attacks have gone up multi-fold. There are 4 lakh malware, we find every day. 375 cyber-attacks take place,” Pant said at an event organised by largest private sector lender HDFC Bank.
Insurers are trying to escape COVID-19 liability, watchdog tells UK Supreme Cour
A lawyer for the Financial Conduct Authority (FCA), which brought a test case against insurers on behalf of policyholders, said insurers had reached an “extraordinary conclusion” that business losses were largely uncovered during the coronavirus pandemic because of the widespread havoc it has caused.
“(Insurers) are saying: ‘We insure perils but not ones that are going to cost us a huge amount of money. We never contemplated that’. Well, that isn’t an answer,” Colin Edelman, the FCA’s lawyer, told the second day of a four-day appeal, watched by thousands of businesses brought to their knees during the pandemic.
Dip in new COVID-19 cases, India records 29,163 infections in single day
The number of active cases remained below 5 lakh for the seventh consecutive day.There are 4,53,401 active cases of coronavirus infection in the country as?on date?which comprises 5.11 per cent of the total caseload,the data stated.?
The total recoveries have surged to 82,90,370 pushing the national recovery rate to 93.42 per cent,while the COVID-19 case fatality rate stands at 1.47 per cent
Kris Gopalakrishnan appointed first chairperson of Reserve Bank Innovation Hub
The RBIH shall create an eco-system that would focus on promoting access to financial services and products, RBI said, and added “this will also promote financial inclusion”.
The Hub will collaborate with financial sector institutions, technology industry and academic institutions and coordinate efforts for exchange of ideas and development of prototypes related to financial innovations.
India in talks with Moderna for its Covid vaccine candidate: Sources
According to the New Drugs and Cosmetics Rules 2019, any new drug or vaccine which has been tested and got regulatory approval outside India, will have to undergo bridging phase 2 and 3 clinical studies for its secure regulatory approval here.
Phishing emails double in run up to Black Friday, Cyber Monday
A close attention to the language in the email can help users to spot phishiing emails.
“Avoid buying something online using your payment details from a website that does not have secure sockets layer (SSL) encryption installed,” said the report.
Air travel reaching pre-COVID levels by year-end or early next year
“We opened civil aviation on May 25, a good two months and two days after we have completely locked down…..with 30,000 passengers on a day.
Two days or three days ago, I think just before Diwali, we carried 225,000 and with a scale at which we are opening up in a calibrated manner, we have already opened up 70 per cent capacity,” Civil Aviation Minister Hardeep Singh Puri said.
Canada promises big fines for companies that breach new privacy law
The draft law, which must be adopted by Parliament, says Canadians who feel their data has been improperly gathered or shared can turn to the country’s Privacy Commissioner and demand the information be deleted.The law also means businesses would have to be transparent about how they use automated decision-making systems like algorithms and artificial intelligence to make significant recommendations about individuals.
Reinsurers’ pandemic losses have started to fade:Fitch
All four major reinsurers have remained well capitalised so far in 2020, which was partially achieved by the issuance of subordinated debt. This allowed for strong premium growth in reinsurance, driven by higher prices, rising demand in Asia, and an increased risk appetite.