This directive comes after an advisory was received from the Indian...
Category:
Risk Management
Latest
AAIB to probe helicopter crash in Uttarakhand
Five people were killed and two others injured in the helicopter...
Hostilities between India-Pakistan heighten credit risks for both nations: S &P
"The outbreak of hostilities between India and Pakistan has...
Ongoing turmoil in cryptos a reminder of huge risks attached: Singapore central bank
The Singaporean central bank, in the statement, added, the most important lesson from the FTX debacle is that dealing in any cryptocurrency, on any platform, is "hazardous". Singapore: The ongoing turmoil in the crypto industry serves as a reminder of the huge risks...
‘Piglets’ investments turn sour for scores of investors
According to one of the FIRs lodged with the Economic Offences Wing (EOW) of the Delhi Police, Mangat Ram Maini, a resident of Firozpur in Punjab, as well as his relatives and associates allegedly defrauded investors to the tune of hundreds of crores. New Delhi:...
Govt to publish frameworks to check fake reviews on e-commerce websites
"After consultation with stakeholders, we have finalised frameworks to counter fake reviews. The BIS (Bureau of Indian Standards) has also come out with a standard. The frameworks for fake review management will be published next week," Govt to publish frameworks to...
Even govt will be held accountable for data breach, says govt source
The source said that there has been frivolous applications under the Right to Information Act which overburden government departments and therefore the government-notified entity has been exempted from RTI clause New Delhi; The Digital Personal Data Protection Bill...
Govt proposes penalty of up to Rs 500 cr for data breach under Data Protection Bill
The draft bill, renamed as The Digital Personal Data Protection Bill, 2022, has laid out the conditions for collecting data and the consent of the people whose data would be processed. New Delhi: The government has raised the penalty amount to up to Rs 500 crore for...
Emerging Risks: Financial sector reliance on 2-3 big tech cos poses major risks, says Axis Bank CEO
Amitabh Chaudhry, managing director and chief executive warned that "the country's banking system now relies on two three big companies for their software service requirements, and this can lead to emerging risks in case these companies stop investing and ensuring...
Network of Twitter fake accounts stoked violence in UK
An estimated 500 inauthentic accounts that called for violence and promoted memes as well as incendiary videos were created on Twitter Inc. during riots in Leicester between late August and early September this year, according to the Network Contagion Research...
Over 95% organisations in India experienced ‘new fraud’ incidents in past 2-yrs: PwC Survey
Puneet Garkhel, Partner and Leader, Forensics Services, PwC India, said that with organisational perimeters becoming more vulnerable over the past two years, it is imperative for businesses to not only continually focus on policies, training and internal controls but...
Insurers and insurance repositories can share “Financial Information” with Account Aggregators: IRDAI
Financial Information Providers in insurance sector need to enter into a contractual framework with the AAs, and the same has to distinctly specify the rights and obligations of each party and modalities of dispute resolution mechanism Hyderabad: The...
TATA Steel Limited wins RIMS ERM global award of distinction
The award recognizes Tata Steel’s outstanding ERM achievements that have enabled the organization to streamline processes, strengthen collaboration across the enterprise and achieve strategic objectives. NEW YORK: RIMS, the risk management society®, presented Tata...