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Risk Management

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Travelers Risk Index: Cyber ranks as the top business concern

Security breaches, system glitches and unauthorized access to bank accounts are the top three cyber-specific business concerns.

The percentage of respondents who said their company suffered a security breach where someone hacked into a system increased nearly 40% compared to 2020, to almost half (46%).
Security breaches, system glitches and unauthorized access to bank accounts are the top three cyber-specific business concerns.

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COVID-19 highlighted supply chains should not be based only on cost but also trust: Piyush Goyal

“The effort is to make India produce high-quality products at competitive prices meeting global standards truly in areas where we have the strength or the competitiveness becoming a larger player in global markets,” he said. “It may not happen in all businesses but we certainly believe that there is a lot of potential in several sectors,” he added.

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Evergrande’s debt problems pose systemic risk in China and beyond

The central bank in 2018 said companies including Evergrande might pose systemic risk to China’s financial system.

The firm’s liabilities involved as many as 128 banks and over 121 non-banking institutions, the leaked letter showed.

Late repayments could trigger cross-defaults as many financial institutions are exposed via direct loans and indirect holdings through different financial instruments.

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