Will Miller, Head of Crisis Management, Asia Pacific at Willis...
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Glittering Gold: Pricey Assets in Demand
The drivers behind this surge include heightened uncertainty and...
New SEBI Chairperson Pandey’s four-point mantra — trust, transparency, teamwork and technology
"We work for trust, we work for transparency, we work for teamwork,...
India ‘challenging place’ to do business, must ease hurdles: US State Dept
New protectionist measures, including increased tariffs, procurement rules that limit competitive choices, sanitary and phytosanitary measures not based on science, and Indian-specific standards not aligned with international standards, effectively closed off producers from global supply chains and restricted the expansion in bilateral trade, the report said.
As US wildfire threat grows, insurance capacity shrinks
Most wildfire losses that have hit the insurance market originated from California utility companies due to inverse condemnation, which states that private property owners are entitled to compensation if their property is damaged by the government or utilities.
While all U.S. states have such doctrines in place, California has been the only one to apply it for utility-related fires.
World Bank provides $185million to Jamaica in storm protection
Dr The Hon. Nigel Clarke, Minister of Finance and the Public Service, Government of Jamaica, said, “The Government of Jamaica has strategically prioritized Disaster Risk Financing to mitigate the adverse fiscal impact of tropical cyclones and natural disasters, thereby strengthening Jamaica’s economic resilience. We are pleased with the successful placement of this catastrophe bond, which adds an indispensable layer of disaster risk financing that complements our multi-layered approach. In this transaction, Jamaica benefited from the vast technical resources of the World Bank, and from the strength of its balance sheet. We are also grateful to our bilateral partners, the Governments of the United Kingdom and Germany, through the Global Risk Financing Facility, and to the United States through the United States Agency of International Development who provided financial support for the transaction.”
India among top three countries facing phishing attacks via WhatsApp and Telegram, reveals report
The biggest share of detected malicious links between December 2020 and May were sent via WhatsApp (89.6 per cent), followed by Telegram (5.6 per cent), according to data shared by Kaspersky Internet Security for Android, part of the cyber security firm Kaspersky Lab.
Countries experiencing the highest number of phishing attacks were Russia (46 per cent), Brazil (15 per cent) and India (7 per cent).
Microsoft, DHL and Amazon most imitated brands for phishing attempts: Report
“Cybercriminals are continually increasing their attempts to steal peoples’ personal data by impersonating leading brands. In fact, in the run up to Amazon Prime Day in Q2, more than 2,300 new domains were registered about Amazon,” said Omer Dembinsky, Data Research Group Manager at Check Point Software.
India needs Pandemic Pool to manage risks on long-term basis: CII
”This is the opportune time for India to have the first-mover advantage in the creation of the pandemic pool with a two-pronged strategy of going beyond the insurers and the government by inviting international reinsurers to supplement capital contribution for the pool and to incentivize state governments to participate with additional supplementary capital for greater protection to their denizens,” it added.
Global sustainable debt issuance will crack $1 trillion mark in 2021 -IIF
With corporations and financial institutions under growing pressure from investors to up their environment, social and governance (ESG) game, the issuance of bonds to raise money for climate-related or social projects, or linked to sustainability targets, is an increasingly popular option.
Sustainable debt sales more than doubled year-on-year in the first half of 2021 to over $680 billion, closing in on the $700 billion issued during the whole of last year.
Over 300 phone nos of ministers, journos, activists, bizmen in India could have been hacked: Report
The Wire reported that forensic tests conducted as part of the media investigation project on a small cross-section of phones associated with these numbers revealed clear signs of targeting by Pegasus spyware in 37 phones, of which 10 are Indian.
The government, however, dismissed allegations of any kind of surveillance on its part on specific people, saying it ”has no concrete basis or truth associated with it whatsoever”.
2000% increase in cyber security breaches during pandemic
“In India, almost every sector has been breached because they all are inter-connected. During the pandemic, the number of breaches increased by 2,000 per cent because we were using ASL or DSL from home. ASL, DSL, fibre, nothing is secured, this whole scenario reflects that your sensitive information is at risk and is being used for a variety of purposes, causing financial fraud, causing a threat to national security,” Rai said.
The Ministry of Home Affairs’ National Cybercrime Reporting Portal (NCRP), which was launched in August 2019, has recorded over four lakh complaints, with about 50 per cent related to financial frauds, revealed Ashok Kumar, Director, Ministry of Home Affairs.
Facebook, others ‘killing people’ by carrying COVID misinformation, says Biden
US President’s comments came a day after US Surgeon General Vivek Murthy declared misinformation about the vaccines a threat to public health, and as US officials advised that deaths and serious illness from the virus are almost entirely preventable because of the vaccines.
Biden, asked if he had a message for platforms like Facebook where false or misleading information about the coronavirus vaccines has spread, told reporters, They’re killing people.
The only pandemic we have is among the unvaccinated,” he said.