"Second order (effects) would be important," said Finance Secretary...
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Risk Management
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Trump tariff worries spur record overseas demand for JGBs
Overseas investors scooped up some 2.18 trillion yen ($15.49...
Asian scam operations are spreading across the rest of the world, UN researchers warn
UNODC estimates that hundreds of industrial-scale scam centers...
Environment risks dominate in “polycrisis” world – WEF survey
The interplay between climate change impacts, biodiversity loss, food security and natural resource consumption is a dangerous cocktail,” said John Scott, head of Sustainability Risk at Zurich Insurance Group, which partnered on the report with risk strategy group...
U.S. air travel rumbles back to life after FAA computer outage
The cause of the problem with a pilot-alerting system, which delayed thousands of flights in the United States, was unclear, but U.S. officials said they had so far found no evidence of a cyberattack. Washington DC: U.S. flights were slowly resuming departures and a...
Beazley launches industry’s first Cyber Catastrophe Bond
This is the first time that a liquid Insurance-Linked Securities (ILS) instrument has been created for cyber catastrophe risks, said Beazley The $45 million bond gives Beazley indemnity against all perils in excess of a $300 million catastrophe event, with the...
India’s GDP growth estimated to slip to 7 pc in 2022-23: Govt data
Financial, real estate and professional services segment is projected to grow at 6.4 per cent in the current fiscal, up from 4.2 per cent in 202-22 New Delhi: The Indian economy is estimated to grow at 7 per cent in the 2022-23 fiscal, down from 8.7 per cent a year...
JPMorgan sued by Ray-Ban maker unit over cyber theft
Essilor Manufacturing (Thailand) Co., which operates a plant in Thailand for EssilorLuxottica SA, sued the bank in April in federal court in New York, claiming JPMorgan was aware of a pattern of fraudulent transactions that led to the theft and failed to notify the...
Toyota Motor’s Indian unit warns of a possible customer data breach
"Toyota Kirloskar Motor (TKM) has been notified by one of its service providers of an incident that might have exposed personal information of some of TKM's customers on the internet", TKM said in an emailed statement without disclosing the size of the data breach or...
Cyber Insurance: Crucial For Digital World
Ransomware attacks, in which hackers gain control of files and data to extract financial gain, continue to be the biggest concern of organisations and is expected to get even more prominent in the years ahead Cyber insurance market is the fastest growing segment in...
2022 was a crucial year for India in combating climate change, reverse nature loss
The Centre also set a new target of 40 per cent reduction in particulate matter concentration in cities covered under the National Clean Air Programme (NCAP) by 2026, updating the earlier goal of 20 to 30 percent reduction by 2024 According to the Environment...
Retail loans can become a source of systemic risk, warns RBI
'Empirical evidence suggests that a build-up of concentration in retail loans may become a source of systemic risk,'' the RBI said in its trends and progress in banking report for FY22 Mumbai: Retail loans, long considered a panacea for the banking system, may become...
Cybersecurity could emerge as the biggest challenge in 2023
Cyber criminals are taking advantage of new and advanced methods to cause considerable damage to organisations' reputation, which could potentially cause huge financial losses. For businesses, taking the right preventive steps and investing in security measures is...