Large liquidation events — whereby more than $500 million worth of...
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Trai bars 124,000 mobile connections in spam crackdown during July-Sep
The regulator said artificial intelligence-based systems deployed...
Faxes, phones and Bluetooth: Microsoft outage forces businesses to find fixes
Caitlin Egen of Control Risks said that big global firms usually...
Iran says tanker struck mine, caught fire in Hormuz
Since the outbreak of the Middle East war in late February, Tehran has heavily restricted traffic through the strategic waterway, insisting vessels use routes authorised by the Islamic republic. TEHRAN: Iran's army said Wednesday that an oil tanker had struck a mine...
India calls for stronger global cooperation to tackle cross-border cyber fraud
Chandra Sekhar Pemmasani,Minister of State for Telecom The minister said India's fraud alert system has helped prevent suspected losses of around Rs 5,000 crore. New Delhi: Fraudulent activities carried out through calls and messages have become a global threat,...
AI could eliminate up to 70% of manual risk tasks in banks, free capacity for strategic roles: McKinsey
McKinsey said banks could reinvest half of the capacity released through automation into stronger analytical capabilities, strategic risk advisory and faster portfolio decisions. The remaining capacity could be directed towards specialised AI engineering, data...
EU moves to curb addictive social media features and AI Bots
Under a draft of the “Digital Fairness Act” seen by Bloomberg News, companies would be required to give adult users the ability to switch off features that encourage compulsive or excessive use of their services. The measures would also target AI systems that simulate...
The fridge hack: a cyber event, a property loss. So which policy pays?
The attackers accessed refrigeration controllers reachable from the internet. They switched units to defrost or heating mode and, in some cases, moved the setting from -27°C to over 50°C. By the time staff arrived, the stock was ruined.There was no ransom demand and...
French bank Credit Mutuel Arkea says €100 million missing after cyberattack
The attackers used an account belonging to Credit Mutuel Arkea to carry out “fraudulent transactions,” Credit Mutuel Arkea said in a statement on Wednesday. The funds were not in the form of cryptocurrency, the bank said, but could have been converted to crypto after...
Binance $6.3 billion heist to prompt closer scrutiny by insurers
Insurers are not expected to broadly retreat from the crypto sector or reduce the availability of coverage. But the largest crypto theft on record could bring tougher scrutiny of crypto firms’ exposure to Binance and any weaknesses identified in the attack, which the...
IOC to buy crude, LPG ships as West Asia crisis exposes shipping risks
The importance of securing shipping capacity has increased as geopolitical tensions in West Asia disrupt commercial movement near the Strait of Hormuz, pushing up freight rates and war-risk insurance costs. New Delhi: State-owned Indian Oil Corporation plans to...
Building a Shock-Resilient Supply Chain: New Risk-Management Strategies
Geopolitical tensions, shifting trade relationships, resource constraints, cyber threats, regulatory shifts, and energy-linked disruption are creating ripple effects that extend far beyond their original source. A disruption in one corner of the world can quickly...
AI sharpens cat-and-mouse hacking battle as companies strengthen defences
Nearly 37,000 security flaws in software or computer systems were reported in the third quarter of 2026, tripling from a year earlier, according to the Common Vulnerabilities and Exposures list, an international registry of disclosed security flaws. Amsterdam: From...