"This incident appears to be the most economically damaging cyber...
Category:
Risk Management
Latest
India’s Cloudburst Challenges:Insurance gaps & Future safeguards
The entire Himalayan belt is increasingly vulnerable to...
Aerospace Industry: Facing strong supply chain headwinds
“Airlines depend on a reliable supply chain to operate and grow...
18 killed as plane crashes during takeoff at Kathmandu airport
The plane caught fire after skidding off the runway at Kathmandu airport and crashing into a field east of the runway," the airport official added Kathmandu: A private airlines' Pokhara-bound plane crashed during takeoff at the Tribhuvan International Airport (TIA)...
CrowdStrike Chaos: (Re)Insurers could withstand preliminary loss estimates, says Fitch
``We expect claims will be mostly within the retentions of primary insurers,'' said Fitch Cyber risk remains difficult for insurers to assess due to the dynamic root causes of claims. Challenges include a lack of effective, widely accepted modeling tools and a limited...
US, European regulators sign joint statement on effective AI competition
Generative AI has rapidly evolved in recent years and the "technological inflection points" could introduce new means of competing, catalyzing opportunity, innovation and growth, the statement said Regulators in the United States, European Union and Britain have...
Budget 2024: FM assures financial support for flood mitigation, irrigation projects
Assam, which grapples with annual floods caused by the Brahmaputra and its tributaries originating outside India, will also receive assistance for flood management and related projects, Finance Minister Nirmala Sitharaman said New Delhi: Finance Minister Nirmala...
Budget 2024-25: FM announces 9 priorities
Presenting her seventh straight budget, Sitharaman said the government undertakes comprehensive review of research to develop climate-resilient seeds. In the next two years, one crore farmers will be initiated in natural farming,Finance Minister Nirmala Sitharaman New...
Somali piracy revives sharply after yrs of quiet
There were eight acts of piracy and hijackings in the first half of this year near the east African country, the International Maritime Bureau, a Kuala Lumpur- and London-based monitoring organization, said in a report Somali piracy — the scourge of merchant shipping...
Without backup plans, global IT outages will happen again
“I’m sure the regulators globally are looking at this. There is limited competition globally for operating systems, for example, and also for the large-scale cybersecurity products like the ones CrowdStrike provides,” said Nigel Phair, a cybersecurity professor at...
CrowdStrike Crisis: Negotiating ‘Blue Screen of Death’ (BSOD) loop
Clear understanding and documentation of cyber insurance policies are essential to determine coverage in connection with such incidents. Insurers could see that their incident response and claims handling teams are stretched thin given the scale of this incident, as...
All airport operators to conduct third party audit of structural stability of buildings
"All the airport operators have also been directed to carry out a thorough evaluation of all civil, electrical and technical aspects of the building, including the design, specifications and workmanship of the roof sheeting structure before the onset of monsoon every...
Artificial intelligence (AI) taking root in several spheres of Indian economy: Eco Survey
Vision is for India to evolve as a ‘fintech nation’ with the highest number of fintech firms and the highest fintech adoption rate by incumbents fuelled by digital public infrastructure,” the Survey highlighted "An approach should be evolved for common user data, eg...