E-commerce players need to submit an audit report to the department...
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Risk Management
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Royal Sundaram appoints Vedanarayanan Seshadri as its new MD
. Vedanarayanan Seshadri (Veda),MD&CEO, Royal Sundaram General...
Maritime Safety: New risks and challenges for Shipping Industry
“Although recent sanctions are making it harder for these vessels...
Macroeconomic, geopolitical conditions pose severe risks to organisations: WEF Survey
Recent months have also seen a sharp increase in discussion of technology-related risks. CROs broadly agree that risk management is not keeping up with the rapid development and deployment of AI technologies, with 75% saying the use of AI technologies poses...
SEC set to adopt new cyber rule
Companies will also have to describe periodically what efforts they are making to identify and manage threats in cyberspace. The rule, first proposed in March of 2022, forms part of a broader SEC effort to harden the financial system against data theft, systems...
Korean Re enhances risk analysis with Moody’s RMS Risk Models across Europe and Asia
Dr. Chun Baek, the head of Catastrophe Analytics at Korean Re, commented: “It is expected that providing wider insights into risk analysis and decision making against recent changes in natural catastrophe will be available by working with Moody's RMS models.” LONDON:...
RBI plans guidance on stress testing for climate vulnerability of banks’ credit portfolio: RBI dy governor
''For this to materialise, central banks can incorporate climate-related risks into their supervisory frameworks and can contribute to the development of frameworks and standards for green finance. These frameworks can help promote transparency, standardization, and...
Asia-Pacific needs disaster warning systems to counter rising climate change risks, UN report
Countries lacking adequate early warning coverage have a disaster mortality rate that is eight times higher than countries that do have such systems in place, the U.N. estimates. And without such precautions, regional annual losses from disasters are projected to...
Average cost of data breach in India touches high of Rs 17.9 cr in 2023: IBM study
The most common attack type in India was phishing (almost 22 per cent), followed by stolen or compromised credentials (16 per cent). Social engineering was the costliest root cause of breaches at Rs 19.1 crore, followed by malicious insider threats, which amounted to...
Americans are moving toward climate danger in search of cheaper homes
Many Americans are actually choosing to move to Zip codes with a high risk of experiencing wildfire, heat, drought and flood, according to a new study on domestic migration by Redfin, an online real estate brokerage firm A midsummer quiz: Let’s say you read about an...
India has mechanism for financing disaster response, mitigation,preparedness and recovery: PK Mishra
''Over the last few years in India, we have completely transformed the way disaster risk reduction is financed.We now have a predictable mechanism for financing not just disaster response but also disaster mitigation, preparedness and recovery. Can we have analogous...
India health data faces rising risk of breaches, cyberattacks
But in pushing its digital public infrastructure "India is putting people at risk from data collection and data overreach," said Raman Jit Singh Chima, Asia policy director at digital rights group Access Now. "It's a bad model." Last year, responding to reports of...
Sebi extends deadline for comments on proposed cyber resilience framework
The consultation paper on 'Consolidated Cyber Security and Cyber Resilience Framework' for Sebi Regulated Entities (REs) aims to provide a common structure for multiple approaches to cyber security to prevent any cyber risks/incidents Mumbai: Capital markets regulator...