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Cyber security: RBI introduces ‘bank.in’ as exclusive internet domain for Indian banks
With increased instances of fraud in digital payments becoming a...
ESG Backlash: Investors with 6 trillion euros warn EU not to weaken green rules
The warning coincides with mounting pressure from Germany and...
After Didi, China launches cybersecurity probe into more U.S.-listed firms
The three app-based businesses should halt new user registrations during the review, the the Cyberspace Administration of China said in a statement, adding that the investigations are to “prevent national data security risks and safeguard national security”. The cyberspace agency did not offer further details about the investigation into the three apps, but cited China’s national security law and cybersecurity law.
Getting athletes to Olympics amid global pandemic a logistics nightmare
Although most athletes have been fully vaccinated and Games organizers require negative Covid tests prior to arrival, there have already been some upsets. Two members of Uganda’s Olympic squad tested positive in Japan last month, despite having been inoculated earlier, and over the weekend, a rower from Serbia tested positive.
Amazon launches IP Accelerator programme in India to help businesses secure trademark
Our Intellectual Property Accelerator Program enables businesses to protect their intellectual property, which in turn helps to ensure an authentic shopping experience for everyone,” said Mary Beth Westmoreland, vice-president, technology, brand protection at Amazon,.
To date, six IP law firms – Hasan and Singh, Lexorbis, Sujata Chaudhri IP Attorneys, Amitabha Sen & co, Remfry & Sagar, and H K Acharya & Company – have signed up to be service providers as part of the IP Accelerator programme to support sellers on Amazon.in.
IP Accelerator was launched in the US in 2019, and has since then expanded to Europe, Japan, Canada, Mexico, and now India.
Cadila Healthcare arm recalls 21,240 bottles of diabetes drug in US
The voluntary ongoing nationwide recall in the US is a class-II recall, it added.
As per USFDA, a class-II recall is initiated in a situation in which use of, or exposure to, a violative product may cause temporary or medically reversible adverse health consequences or where the probability of serious adverse health consequences is remote.
Corporate payment delay trend stabilized, but risks and uncertainty remain:Coface Asia Corporate Payment Survey 2021
On economic improvement in 2021,Australian firms were the most optimistic, with 80% of respondents anticipating higher growth, followed by India (76%), China (73%), Malaysia (73%) and Taiwan (71%). In contrast, Japan was the only country where less than two-thirds of respondents (61%) expect an improvement in economic growth during 2021.
By sectors, automotive is the most confident regarding year-ahead sales, with 66% of respondents expecting an improvement. This was followed by energy (64%), metals (64%), paper (63%) and pharmaceutical (61%). The highest proportion of companies anticipating an improvement in cash flows over the next 12 months were found in automotive, agri-food, and pharmaceutical at 55% each, followed by metals (53%), paper (52%), and chemicals (51%).
NGT directs Jindal Saw Ltd to pay Rs 4 cr compensation for damaging houses by illegal blasting
The National Green Tribunal (NGT) said the company must take precautions in the future and blasting must be scientific so that it does not cause damage to the properties of people. These will be treated as conditions for mining and blasting, apart from the laid down safeguards, it said.
Covid will be reduced to an endemic in future, zero figure in Delhi unlikely: Experts
Dr Suresh Kumar, medical director of Delhi government-run LNJP Hospital said there will always be a few cases of the virus.
”Zero is an unlikely figure. The virus is mutating and it is difficult to predict it’s future behaviour,” he said.
A massive ransomware attack has hit more than 1,000 companies
The impact of the attack is only beginning to come to light. In Sweden, a majority of grocery chain Coop’s more than 800 stores couldn’t open on Saturday after the attack led to a malfunction of their cash registers, spokesperson Therese Knapp told Bloomberg News.
There are victims in 11 countries so far, according to research published by cybersecurity firm ESET.
The hackers were identified as the Russia-linked ransomware group REvil, which was accused last month of hacking giant meatpacker JBS SA.
Didi shares dive as China unveils new cyber probe after mega IPO
The move is to prevent data security risks, safeguard national security and protect public interest, according to a statement from the Cyberspace Administration of China. Didi has halted new user registrations during the probe. The company, which only started trading on Wednesday in New York after an initial public offering, fell 7% to $15.26.
Cyber laws, rules, and guidance must be workable, risk-based, clear, transparent, and consistently applied across companies and jurisdictions:US Insurers
Insurance is an important economic recovery resource for victims of ransomware attacks. Prohibitions on the reimbursement of legal ransom payments presents potential unintended consequence such as eliminating a meaningful risk management resource.
Insurance policy and underwriting activities should not be misconstrued as cybersecurity risk assessments, which provide the insured with confidence that their security measures are sufficient to avoid or eliminate ransomware attacks.
Insurance is an important economic recovery resource for victims of ransomware attacks. Prohibitions on the reimbursement of legal ransom payments presents potential unintended consequence such as eliminating a meaningful risk management resource.
Like a customer’s decision on how to manage cyber risk, insurers must also be able to determine their risk appetite through careful underwriting and appropriate coverage offerings.