The central bank would also focus on enhancing cyber resilience and...
Category:
Risk Management
Latest
Tokio Marine Group sets up a new unit to support green biz
Tokio Marine GX (TMGX) will offer up to $500 million on any single...
Digital platforms have most problematic ads betting real estate cos most violative ASCI
Over two-thirds of the potentially violative ads on the digital...
APAC sees economic loss of $ 80 billion and $11 billion insured claims out of catastrophes and natural disasters in 2022
George Attard, chief executive officer, Reinsurance Solutions, Asia Pacific at Aon said, "The extreme weather in the region throughout the year highlights the continuing need to strengthen resilience by adopting effective adaptation and risk management strategies....
91% Indian firms faced ransomware attacks in 2022: Report
“Business transformation, driven by digital and cloud initiatives, continues to result in a surge in new enterprise identities. While attackers are constantly innovating, compromising identities remains the most effective way to circumvent cyber defences and access...
Canada energy sector under threat from Russia-aligned hackers, spy agency says
The Communications Security Establishment (CSE) signals intelligence agency said Russia had repeatedly deployed destructive cyber attacks against its adversaries as geopolitical crises escalate Russia-aligned hackers could seek to disrupt Canada’s powerful oil and...
Titanic sub: victims’ families could still sue despite liability waivers
Waivers are not always ironclad, and it is not uncommon for judges to reject them if there is evidence of gross negligence or hazards that were not fully disclosed “If there were aspects of the design or construction of this vessel that were kept from the passengers...
“Govt refused foreign-made Covid vaccines as firms were demanding indemnity” Union Health minister
Mansukh Mandaviya,Union Health Minister The minister also dismissed suggestions that approvals for vaccines were rushed without taking into account long-term side effects and that the recent spate of heart attacks was linked to it, saying the entire process from...
Google backs creation of cybersecurity clinics with $20 mn donation
Sundar Pichai,CEO,Google Google CEO Sundar Pichai said the new initiative addresses both the rising number of cyberattacks up 38 per cent globally in 2022 and the lack of candidates trained to stop them. While many groups think there is nothing they can do against a...
UP heat wave made at least two times more likely by climate change, shows analysis
“We see again and again that climate change dramatically increases the frequency and intensity of heat waves, one of the deadliest weather events that exist. Our most recent World Weather Attribution (WWA) study has shown that this has been recognised in India, but...
Lawsuit: Insufficient prototype testing could put Titanic sub passengers in ‘extreme danger’
David Lochridge, OceanGate’s director of marine operations, wrote an engineering report in 2018 that said the craft under development needed more testing and that passengers might be endangered when it reached “extreme depths,” according to a lawsuit filed that year...
Aon, Lloyd’s and VIG in pact to commit to Ukraine insurance
The commitment follows an announcement earlier in the day by British Prime Minister Rishi Sunak on a new framework for war risk insurance FRANKFURT: Aon PLC, Lloyd’s and Vienna Insurance Group will join forces to provide coverage for Ukraine to support its...
US Slips in supply-chain ranks after child-labor violations
The downgrade follows months of revelations first reported by the New York Times that companies have been employing children as young as 12 to work in dangerous conditions The composition of supply chains is set to play an increasingly important role for businesses...