Category:

Risk Management

Cryptocurrency-related cyberattacks grew by 192%: Report

“The digital format of cryptocurrencies make them decentralised in nature and without any regulations, they have become the currency of choice for cybercriminals,” Murali Urs, Country Manager, Barracuda Networks-India, said in a statement.

In 2019, ransom demands ranged from a few thousand dollars to $2 million at the top end. By mid-2021 most demands were in the millions, with a significant number over $20 million.

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MS&AD becomes the first Japanese insurer to adopt coal exit policy

Yuki Tanabe, Program Director at the Japan Center for a Sustainable Environment and Society (JACSES), said: “We welcome MS&AD’s announcement to completely end insurance underwriting for new coal-fired power generation projects, and urge other Japanese non-life insurers, such as Tokio Marine and Sompo, to establish similar policies immediately.”

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Many large e-comm firms have blatantly flouted laws of land: Goyal

Commerce and Industry Minister Piyush Goyal said that many of the practices which these companies follow are against the interest of consumers and the government has recently come out with draft rules for e-commerce companies or marketplace models, which are applicable to all entities including Indian.

These rules are to protect consumer interest, he said at a webinar.

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Third wave of coronavirus unlikely to be as severe as second wave: ICMR Study

Presenting a vaccine ramp-up scenario where 40 percent of the population has received two doses within three months of the second wave peak, and further that the effect of vaccination is (conservatively) to reduce severity of infection by 60 percent, the study said it illustrates how vaccination could substantially reduce the overall burden during the possible third wave.

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