Property owners must submit key details, including site plans and...
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Battery Ventures invests in Descartes Underwriting
“Over the past six years, Descartes has established itself as the...
Nuclear-powered ships may reshape trade with cleaner, faster transport, to pose problems for insurance
Commercial insurance companies won’t provide coverage for ship that...
Govt working to bring in e-commerce policy, rules under consumer protection act on same page
''We are holding discussions to harmonise e-commerce policy and e-commerce rules under the consumer protection act…While doing so, we will try to ensure that whether a regulator or some other way…rules that will ensure that the customer is the king,'' Secretary of the...
57% of all fraud incidents in India now ‘platform’ frauds: Report
More than 26 per cent of Indian organisations lost over $1 million due to platform fraud, and 44 per cent of the perpetrators were found to commit fraud for financial gain, according to PwC's second edition of 'Global Economic Crime and Fraud Survey 2022: India...
China audits littered with deficiencies, US accounting watchdog finds
The U.S. Public Company Accounting Oversight Board (PCAOB)published the findings of its inspections after gaining access to Chinese company auditors' records for the first time last year following more than a decade of negotiations with Chinese authorities. That...
ED action against companies can trigger reputational risks:Fitch
Such searches need not lead to further regulatory action, but investigations raise reputational risk that could tarnish a lender’s business prospects and constrict funding access due to reduced market confidence - potentially affecting an issuer’s credit profile -...
Over 500mn cyberattacks blocked in India in Q1 2023: Report
"It is interesting to see how industries such as BFSI and Healthcare are more targeted by vulnerability and bot attacks. Clearly, attackers are more interested in Personally Identifiable Information (PII) from these sectors. That said, other industries including SaaS...
Study provides more evidence of climate change being human-caused
Scientists have long recognised differences between tropospheric and lower stratospheric temperature trends as a "fingerprint" of human effects on climate A new research has provided evidence of climate change being human-caused and showed that specific signals from...
Supply chain risks spur demand-bulge for business interruption coverage: WTW Survey
“From multiple geopolitical tensions to ongoing inflationary pressures, global uncertainty is adding complexity to businesses just as they are recovering from the supply chain crisis. They will now be in catch-up mode against a disruptive environment, facing...
India records 18% surge in weekly cyber attacks in Jan-Mar 2023: Check Point
Globally, in Q1 2023, the education/research sector was hit the hardest with the highest number of attacks, averaging 2,507 per organisation per week, representing a 15 per cent surge from Q1 2022 New Delhi: India witnessed an 18 per cent increase in weekly cyber...
Hacks, exploits cause over $100 mn in crypto losses in April: Report
According to the blockchain and smart contract security company CertiK, the total funds hackers managed to drain in April from crypto projects was $103.7 million, bringing the total year-to-date loss to $429.7 million New Delhi: More than $100 million worth of...
Aon launches dedicated unit to drive climate analytics and advisory into multiple sectors
More than 400 natural catastrophes caused $313 billion of damage worldwide in 2022 As climate change drives new extreme weather records, organizations need to better quantify the impact of climate risk. Aon's Climate Risk Advisory to help clients meet their reporting...