In its latest letter sent last week, Sebi said companies such as...
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EU to review corporate liability under Europe’s toughest ESG Law
Plans to cut reporting requirements — especially for small and...
UK orders Apple to build a backdoor to give it access to global user data
The mandate orders Apple to provide access under the UK’s...
FACTBOX-How Big Tech is faring against U.S. lawsuits and probes
The U.S. Justice Department sued Google in October, accusing the $1 trillion company of illegally using its market muscle to hobble rivals. A trial date was set for Sept. 12, 2023. A lawsuit by 38 U.S. states and territories accuses Google of abusing its market power to try to make its search engine as dominant inside cars, TVs and speakers as it is in phones. This was consolidated with the federal lawsuit for purposes of discovery.
IAEA breaks ground for new facility to help countries tackle nuclear terrorism
The Centre will provide more than 2000 square meters of specialized technical infrastructure and equipment. Hands-on training will be conducted on demonstration systems and virtual reality environments. These platforms will emulate security systems used at nuclear power plants, research reactors and border crossings.
Participants will practice procedures on access and alarm controls, inspect physical protection systems, better understand computer security risks, and learn how to sweep an area for radioactive material during major public events, among other activities. Exercises at the training centre will also strengthen capabilities in radiological crime scene management and nuclear forensics.
Strong rise in political risk globally:Coface Political Risk Index
Inflationary risks have been in the news in recent months. In this context, the annual update of the Coface Political Risk Index shows a strong rise in political risk across the world, and particularly in the emerging countries. Indeed, figures show a deterioration in living standards and purchasing power, as well as a rise in inequalities observed following the COVID-19 crisis. At this stage, these conditions are not necessarily leading to popular uprisings, which remain limited by people’s capacity to mobilise.
Risk Control 2030: A look at the future and reflections of the past
Considering climate change, pandemic identification and control, years of environmental abuse, and rapidly increasing chemical development, the safety professional is ensured a prominent position in the future world.
Amazon sued by US product-safety agency over selling defective items
“Customer safety is a top priority and we take prompt action to protect customers when we are aware of a safety concern,” Amazon spokesperson Mary Kate McCarthy said in a statement in response to the CPSC’s complaint.
India bans Mastercard from issuing new cards in data storage row
In a notification, the RBI said Mastercard had not complied with data storage rules from 2018 that require foreign card networks to store Indian payments data “only in India” so the regulator can have “unfettered supervisory access”.
India accounted for highest number of govt requests for account info in Jul-Dec 2020: Twitter
India also ranked second in terms of volume of legal demands for content removal, after Japan, Twitter — which has an estimated 1.75 crore users in India — recently appointed a Resident Grievance Officer, days after it designated a Chief Compliance Officer, and also released its first India Transparency Report on Sunday to comply with the new IT rules.
Misinformation spikes Google searches on infertility, Covid jabs
“Misinformation is a significant threat to healthcare today and a main driver of vaccine hesitancy,” said Nicholas Sajjadi, osteopathic medical student at Oklahoma State University College of Osteopathic Medicine.
The inaccurately represented information spread rapidly on social media channels, potentially influencing public perception and decision-making among pregnant patients or those seeking to become pregnant, according to research published in the Journal of Osteopathic Medicine.
Covid-19 Risks: Cyber-attacks and Data loss top concerns facing Directors & Officers: Report
Jennifer Tiang, Regional Cyber Leader for Asia at Willis Towers Watson, said: “The survey results reflect the growing realisation that cyber risk is not simply an issue to be handled by an organisation’s IT team. It is a much broader issue cutting across all spheres of business and necessarily draws together stakeholders from risk, legal and IT teams, as well as requiring awareness of all employees from the ground up and board oversight from the top down. From cyber-attack to data loss, the financial impacts of a cyber event can be catastrophic.”
Crowd ban in Olympics could cost reinsurers up to $400m: Fitch
“We estimate the total insurance cover for the Olympics to be about USD2.5 billion, comprising USD1.4 billion taken out by the International Olympic Committee and the Tokyo Organising Committee, USD800 million by broadcasters and USD300 million by other parties, such as sports teams, sponsors and hospitality. We believe reinsurers would bear most of the losses arising from this cover given that high-severity exposures are typically heavily reinsured,” said Fitch