Activity from Somali pirates has dropped in recent years, but there...
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Swiss Re’s Thorsten Steinmann to succeed Michael Pickel at Hannover Re
Thorsten Steinmann joins from Swiss Re, where he was most recently...
European regulator says it would pull Boeing approval if needed
European Union Aviation Safety Agency's (EASA) acting executive...
Singapore’s Dy PM launches Global Asia Insurance Partnership,to incubate new risk financing solutions for emerging risks in Asia
“Through GAIP, we aim to produce actionable research insights, develop policy recommendations, There are many structural protection gaps facing Asia, but pandemic risk and climate risk are two critical areas that demand our immediate and collective attention,.” Heng Swee Keat Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance,Singapore, said adding that GAIP is expected to commence work in January next year.
Emerging markets suck in $17.9 billion during October – IIF
Equities were more sensitive to political risk and uncertainty stemming from the upcoming U.S. election. Equity inflows stood at $6.3 billion, of which $4.7 billion were to China.
There would be significant cyber losses in the next 10 years: Mumenthaler
`There are certain tail risks that are too big, in my view, for the insurance industry to carry. We can carry a certain amount of risk, and we are active in the market, but I think the capacity will run out within the next three years.The shadow of cyber risk still looms large, with bad actors or rogue states capable of launching damaging cyber attacks that could even result in human losses, given our dependence on technology. It’s not a random event. It’s perpetuated by people and on the aggregation side it’s a real challenge,” he explained…
Ransomware attacks surge 40% globally in Q3: Report
While sensors in India, the UK and Germany recorded decreases, the US saw a staggering 145.2 million ransomware hits in Q3 — a 139 per cent year-over-year increase, said the report.
Hackers attack 100 key people to collect intelligence: Microsoft
As always, enabling multi-factor authentication across both business and personal email accounts will successfully thwart most credential harvesting attacks like these, Microsoft said.
UK watchdog fines Marriott 18.4mn pounds over data breach
The personal data involved differed between individuals but may have included names, email addresses, phone numbers, unencrypted passport numbers, arrival/departure information, guests’ VIP status and loyalty programme membership number.
Wall Street logs biggest weekly loss since March as Covid-19 cases spiral
“COVID-19 cases and hospitalizations are surging across the United States and Europe. The stock market appears to be taking note,” analysts at Zacks Investment Management, said in a note Saturday.
The daily new cases have regularly surpassed 80,000 recently in the United States. The country has reported more than 9.1 million in total infections with the death toll surpassing 230,000 as of Saturday afternoon, showed a tally by Johns Hopkins University.
“The threat of another economic lockdown is low, but cities with spiralling hospitalization rates may need to pursue more targeted restrictions and closures. The stock market is likely to respond adversely to any planned economic restrictions,” Zacks analysts added.
Super typhoon Goni slams into Philippines, 1 million evacuated
Manila’s main airport was ordered shut down for 24 hours from Sunday to Monday and airlines canceled dozens of international and domestic flights. The military and national police, along with the coast guard and firefighters, have been put on full alert.
About 1,000 Covid-19 patients were moved to hospitals and hotels from tent quarantine and treatment centers in the capital and the northern province of Bulacan, Jalad said. More emergency shelters would be opened than usual to avoid congestion that can rapidly spark infections.
Johnson locks down England as UK COVID-19 cases pass 1 million
Johnson’s imposition of stricter curbs came after scientists warned the outbreak was going in the wrong direction and that action was needed to halt the spread of the virus if families were to have any hope of gathering at Christmas.
So far the United Kingdom has reported 46,555 COVID-19 deaths – defined as those dying within 28 days of a positive test. A broader death measure of those with COVID-19 on their death certificates gives the toll as 58,925.
Ransomware surge imperils hospitals as pandemic intensifies
Hackers are aware that “health care is the most likely to pay the ransom because their services are critical,” dos Santos said.
“Stopping services means that people will literally be dying.”
For hospitals unable or willing to pay, “it would mean going back to pen and paper, which can cause huge slowdowns,” he added.