Dimaggio Rigby, Head of Cyber at UIB, added,“The cyber landscape is...
Category:
Risk Management
Latest
NIA CMD cautions on inadequate pricing for natural catastrophe perils
Girija Subramanian, CMD, NIA, explained that while seamless digital...
Govt assessing impact on financial entities if war breaks out in Middle East: DFS Secy
M Nagaraju,Secretary , Department of Financial Services In the...
DPDP Rules: From prompt data breach reporting to annual audits Indian firms’ new obligations
The DPDP rules require companies (those collecting/ seeking the personal data and termed as data fiduciaries) to undertake reasonable security safeguards to protect personal data, including use of appropriate measures like encryption, obfuscation, masking, or virtual...
DPDP rules set timer for rehaul of consent, breach response mechanism; industry hails phased roll-out
According to the regulations, users must have an easy way to revoke their consent or complain to the Data Protection Board (DPB) about infractions New Delhi: The Government of India has notified the Digital Personal Data Protection (DPDP) Rules, 2025, marking the full...
Boeing ordered to pay over $28 million to 737 MAX crash victim’s family
The verdict awarded to the family of Shikha Garg is the first in the dozens of lawsuits filed in the wake of that crash and another in Indonesia in 2018, which combined killed 346 people.The lawsuit alleged the 737 MAX plane was defectively designed and that Boeing...
Public health of Indians at risk due to substandard imports of PVC resin from China: Report
The study, titled "Balancing Growth and Public Health Safety: Criticality of PVC QCO in India," was released at IIT Delhi on Wednesday. It highlights that PVC, which forms nearly 30 per cent of India's economy, is used in critical areas such as water supply,...
Banks at crossroads as AI costs rise and risks escalate: S&P Report
In terms of risk management practices, the report pointed out that deploying AI technologies introduces new technical risks and increases reliance on third-party vendors. At the same time, AI can help banks improve risk identification, monitoring, and pricing. New...
Ministry of civil aviation clarified pilot not being blamed for AI plane crash: Centre to SC
Justice Joymalya Bagchi said, “The AAIB inquiry is not for apportion blame on anyone. It is only to clarify the cause so that the same does not happen again.” New Delhi: The Air India pilot has not been blamed in the AAIB’s preliminary report into the June 12 plane...
Willis and Rare partners to launch innovative insurance solution for fishers in the Philippines
Christopher Au, Head of APAC Climate Risk Centre, at Willis, said: “With over 1.9 million registered small-scale fishers relying on the nearshore for their livelihoods, the impacts of climate change, such as high winds, rough seas and heavy rainfall, pose increasing...
Managing Customers: Banks and insurers deploy AI agents to fight fraud and process applications
-Three in five banks and insurers cite customer onboarding among top reasons for AI agent adoption,-33% of firms are actively developing proprietary AI agents in-house, though only 10% have deployed at scale,-Nearly half of banks and insurers are creating new jobs to...
Google sued for secretly amassing user data via Gemini AI
In the past, users of Gmail, Chat and Meet were given the option to turn on Google’s artificial intelligence program. But in October, the Alphabet Inc. unit “secretly” turned on Gemini for all those applications, enabling it to collect private data “without the users’...
IRDAI closely monitoring health insurance claims gaps, says Chairman Seth
Ajay Seth, chairman,IRDAI `While the number of health insurance claims settled is high, the amount settled especially in full is sometimes lower than expected.This is an area we are monitoring closely. Our expectation from the insurers is clear. Prompt, fair and...