On Tuesday alone, investors' wealth got wiped out by Rs 9,29,651.16...
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MS Amlin launches new credit and political risk offering in MENA, eyes India and Africa opportunities
“We see exciting opportunities in India, and on the African...
Disaster Recovery: Rebuilding Turkiye with resilience
Shaken by a series of devastating earthquakes,Türkiye has...
Glass Lewis recommends vote against Adani director over Australian project
Adani Enterprises’ Australian unit, Bravus Mining & Resources, is developing the Carmichael mine in Queensland to sell thermal coal to India – a controversial project due to concerns about global warming. The coal will be transported via the Abbot Point Terminal.
Up to 1,500 businesses affected by ransomware attack, says US firm’s CEO
One of those tools was subverted on Friday, allowing the hackers to paralyze hundreds of businesses on all five continents. Although most of those affected have been small concerns – like dentists’ offices or accountants – the disruption has been felt more keenly in Sweden, where hundreds of supermarkets had to close because their cash registers were inoperative, or New Zealand, where schools and kindergartens were knocked offline.
Air India flyer seeks Rs 30 lakh damages over data breach of 4.5 million passengers
A legal notice was sent to Air India management on Sunday by Ritika Handoo in which she said that the airline informed her about the breach on June 1, her lawyer said.
Terming the breach as a violation of her “right to be forgotten and informational autonomy”, she sought a compensation of Rs 30 lakh.
Air India’s passenger service system provider SITA faced a sophisticated cyberattack in February this year leading to the leak of personal data of 4.5 million passengers — which included passengers of the national carrier — from across the world, the email sent by the carrier said.
Hackers demand $70 mln to restore data held by companies hit in cyberattack
The demand was posted on a site typically used by the REvil cybercrime gang, a Russia-linked group that is counted among the cybercriminal world’s most prolific extortionists.
DoT for Rs 10k fine on every call, SMS by pesky callers after 50 violations
The Department of Telecom (DoT) has proposed to make the norms more stringent by reducing the slabs for levying penalty to Rs 1,000 per violation for 0-10 breaches, Rs 5,000 each for 10-50 violations and Rs 10,000 each for more than 50 violations.
Besides, the DoT’s Digital Intelligence Unit (DIU) will check violations at the device-level as well.
The DIU will send a system generated message to suspected numbers for verification.
Stock exchanges, other officials liable to face penalties for tech glitches: Sebi
Stock exchanges, clearing corporation and depositories will have to pay in the range of Rs 1 lakh each working day to Rs 2 crore for flouting Standard Operating Procedure while Managing Director (MD) and Chief Technology Officer (CTO) of the MIIs concerned will have to cough up 10 per cent of their respective annual pay.
To avoid technical glitches, Sebi has suggested that MIIs should have Business Continuity Planning, disaster recovery policies and system audit processes in place.
9 trends to watch as aviation readies for post Covid-19 takeoff
Says Cristina Schoen, Global Head of Aviation Claims at AGCS,”Covid-19 has not been a direct driver of aviation claims over the past year .
As a result of the significant reduction in commercial airline travel during the pandemic we saw fewer attritional claims than we would during a typical year. However, the insurance sector was not immune to larger losses during the course of the pandemic, with different regions seeing tragic accidents, emergency landings and hull losses to name a few. As air travel begins to return to pre-pandemic levels we expect claims volume to rise accordingly”
HC shocked over govt raising false claims with impunity, seeks rules to hold officers accountable
The high court, which termed it as a matter of grave concern, said it was of the prima facie view that whenever a false claim is raised by the government, it causes immense injustice to the litigant seeking justice and also puts unnecessary burden on the court.
Delta variant of Covid creates emerging market gap as outperformers hit
“Achievements in terms of vaccination will increasingly be a differentiation factor among emerging markets in the second half,” said Sebastien Barbe, head of emerging-market strategy at Credit Agricole. “The impact of the further spread of the virus variants will vary significantly depending on vaccination rates,” as well as economic and political factors, he added.
White House reaching out with assistance to latest ransomware victims
“The two biggest regions we’ve seen are USA and Germany,” Ross McKerchar, chief information security officer at Sophos Group Plc, said of the impact from the latest ransomware. Those affected included schools, small public-sector bodies, travel and leisure organizations, credit unions and accountants, he said.