“While the universe of risks is expanding, the world is...
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Aon’s advanced AI-powered supply chain offering to help businesses anticipate & mitigate hidden risks
Using AI and advanced data modelling, the solution analyses...
Insurance loss estimated for outage at AWS can range from $38 million-$581 million, says CyberCube
CyberCube’s analysis shows that the outage is likely to have...
Cyber threat,public liability and geopolitics pose greatest risk to organisations: WTW survey
Ben MacCarthy, Head of Real Estate, Hospitality & Leisure, Asia, at WTW, said: “We found APAC firms pursuing innovative solutions through Proptech, with a focus on SMART buildings and improving ways data is accessed accurately especially to adapt to ESG and...
Deepfake video meeting with fake CFO costs company $25.6 mn
The company employees in the call looked and sounded like real people the targeted employee recognised.They followed instructions given during the meeting and made 15 transfers totalling HK$200 million $25.6 million) to five Hong Kong bank accounts. Hong Kong: A...
At least 19 dead as forest fires approach densely populated areas of central Chile
The El Nino weather pattern has caused droughts and hotter than usual temperatures along the west of South America this year, increasing the risk of forest fires. In January, more than 17,000 hectares (42,000 acres) of forests were destroyed in Colombia by fires that...
Europe within reach of landmark AI rules after nod from EU countries
Tech lobbying group CCIA which counts Alphabet's Google , Amazon, Apple and Meta Platforms as members, warned of roadblocks ahead Europe on Friday moved a step closer to adopting rules governing the use of artificial intelligence and AI models such as Microsoft-backed...
Red Sea attacks: Firms forced to test new land routes via UAE, Saudi
Cargo from India, Thailand, South Korea and China has been sent by trucks in recent weeks, Fridman said. Goods destined for Asia are also moving in the opposite direction, helping lower overall costs, Hanan Fridman,CEO,Trucknet Enterprise said An Israeli software...
Abbott Labs must face lawsuit over PediaSure height claims
The lawsuit seeks unspecified damages for New Yorkers who were deceived into buying or overpaying for PediaSure.Abbott has said PediaSure is intended for children, opens new tab ages 2 to 13, and helps them "grow out of at-risk weight-for-height percentiles (5th-25th...
Aviation lessor settlements with Russia over trapped planes
Lessors have been suing dozens of insurers over losses of at least $8 billion over the trapped planes, with vast court trials scheduled in Dublin in June and London in October. Some are also being heard in U.S. states Aircraft leasing firms have secured settlements...
Boeing is sued by shareholders following MAX 9 blowout
According to a proposed class action filed on Tuesday, Boeing spent more than four years after the Oct. 2018 and March 2019 crashes of two other MAX planes, which killed 346 people, assuring investors that it was “laser-focused” on safety and would not sacrifice...
European leaders campaign against Forever Chemicals
“Chemical pollution is a widespread problem in Europe but there are also significant opportunities to improve the situation.We should manage the risks of chemicals in groups, promote chemicals that are safe and sustainable by design, and phase out the most harmful...
Fed holds rates steady, says more confidence needed in inflation slowdown
"The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward two per cent," the Fed said on Wednesday in a statement after the meeting of the Federal Open Market...