London market sources said there can be a claim of Rs 700 crore(...
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Extreme heat kills half a million people globally each year, says Swiss Re
Jérôme Haegeli, Swiss Re's Group Chief Economist "Extreme heat used...
Missiles, drones and proliferating conflict zones increasing burden on airline operations and profitability
Airlines are racking up costs and losing market share from canceled...
Odisha EOW detects ‘rarest’ QR code manipulation scam of Rs 14 crore; interrogation suggests Chinese link
"On verification of the UPI logs, it came to light that Karan Singh and Lallu Singh allegedly manipulated the QR Codes generated by the complainant company and embezzled the extra credit of Rs 14.33 crore," said Inspector General of EOW JN Pankaj Bhubaneswar: The...
Ransomware attack hits Japan’s biggest port, disrupting cargo shipments
The Nagoya port authority said Russia-based ransomware group Lockbit 3.0 was responsible for the hack, Kyodo News reported Wednesday Recent data breaches often involve “double extortion” in which a ransom is demanded for the recovery of stolen information as well as...
Data Protection Bill gets Cabinet Nod; to be tabled during Parliament monsoon session
"In case of disputes, the Data Protection Board will decide. Citizens will have the right to claim compensation by approaching civil court. There are a lot of things that will evolve gradually," the source said According to the source, individuals will have the right...
Cyber Insurance: Global premiums could exceed $50 billion by 2030, predicts Howden
Dan Leahy, Associate Director, said: “Having navigated the early phases of development that often come with new, fast growing lines of business, the cost of cyber insurance is now more commensurate with loss costs following the recent correction. Whilst the first half...
Odisha train accident: Inquiry finds multi-level lapses, says reporting past red flags could have averted tragedy
The accident on June 2 resulted in the deaths of 292 people and over 1000 were injured The CRS report has also said that the initial response to such a disaster should be faster an advised the Railways to review the system of disaster-response in the zonal railways...
Internet shutdowns in Manipur, Punjab reportedly cost Indian economy $1.9 billion
Shutdowns are extremely disruptive to economic activity: they halt e-commerce, generate losses in time-sensitive transactions, increase unemployment, interrupt business-customer communications, and create financial and reputational risks for companies New Delhi:...
China’s new anti-espionage law puts foreign companies in tough situation: Report
The revision expands the scope of targets for espionage to "all documents, data, materials and articles," and allows law enforcement officials to inspect the baggage, electronic devices and property of a suspect This increases the risk for businesses, which are...
Chandni Chowk traders turn to GPS to shield themselves from robbery incidents
"You can fit this (GPS) device to your bag, put it in the middle of bundles of notes, or keep it in a jewellery box." "It will keep telling the location on your phone in case of a robbery. With the help of this device, police can easily reach the location and arrest...
Consumer Affairs Dept urges online platforms to refrain from adopting ‘dark patterns’ that harm consumer interest
"It is pertinent to note that dark patterns involve using a design and choice architecture to trick, coerce or influence consumers to make choices not in their best interest. Engaging in such deceptive and manipulative conduct by using dark patterns in online...
Sebi finalising draft discussion paper over guidelines for ‘finfluencers’
''We are crystalising a discussion paper to regulate financial influencers. The paper should be ready for public comments in the next couple of months,'' said Sebi chairperson Madhabi Puri Buch With the number of such people thriving on social media platforms like...