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U.S. SEC chair planning new workforce data disclosures for public companies

He said staff would propose a new rule on disclosing the workforce or “human capital” metrics. Those disclosures could include data on issues such as workforce diversity, part-time versus full-time workers, and employee turnover, according to advocacy groups that have been pushing for the new rules.

“This is one of my top priorities and will be an early focus during my tenure at the SEC,” Gensler told the gathering.

The SEC is ramping up its ESG agenda to execute on Democrats’ priorities to address issues such as climate change and social injustice.

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Adani and other Australian coal miners flag finance, insurance difficulties

The withdrawal of global insurers risks making even some ancillary business unviable, said contractor BMD Constructions Pty Ltd, which is building a section of a 210 km (130 mile) rail line to service Adani’s Carmichael mine in northern Queensland state, which is due to start operating this year.

The coal miners argued that Australia’s high-energy coal offers a comparatively lower emissions alternative to export markets compared with coal from other regions. They say coal also provides billions of dollars to government coffers and supports regional jobs.

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Human catastrophe unfolding in India, Nepal a warning; S Asia must bolster health system: Amnesty

“Governments across South Asia must immediately address healthcare shortages and urgently strengthen their healthcare systems to respond to the rapid surge of COVID-19 cases in the region. Extremely low vaccination rates across South Asia have also left the region highly vulnerable, with pressing action needed at the global level to ensure more equitable access to vaccines,” a statement from the Amnesty said.

It also said that South Asia, home to a quarter of the world”s population, is fast becoming the new global epicentre of the COVID-19 pandemic.

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Remote work leads to massive surge in hacking globally: Report

Among Financial and insurance industries, 83 per cent of data compromised in breaches was personal data, while in Professional, Scientific and Technical services industries only 49 per cent was personal.

“As the number of companies switching business-critical functions to the cloud increases, the potential threat to their operations may become more pronounced, as malicious actors look to exploit human vulnerabilities and leverage an increased dependency on digital infrastructures” said Tami Erwin, CEO, Verizon Business, in a statement. .

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Colonial Pipeline has cyber insurance policy, paid hackers nearly $5 Million in ransom

The cover was for at least $15 million.

Cyber insurance typically covers ransom payments and insurers often provide staff to negotiate with the hackers, in addition to IT and public relations services.

Swiss Re CEO Christian Mumenthaler argues that the private insurance market is simply not large enough to offer full cyber protection to vulnerable organisations, due to the systemic nature of cyber risk.

He observed that the cyber insurance market is currently worth around $5.5 billion in premium, compared to “gigantic” yearly losses that extend into the hundreds of billions of dollars.

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Gig-economy riders in Spain must become staff within 90 days under new rule

The decree, which was agreed on with trade unions and business associations, aims to clarify the legal situation of thousands of riders after Spain’s Supreme Court ruled last year that companies must hire them as employees.

A debate on how to regulate workers’ rights in the gig economy is unfolding globally. The European Commission has opened a public consultation period on potential EU-wide rules.

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