It was alleged that bundling of the anti-virus software was...
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Risk Management
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Lloyd’s highlights risk of extreme space weather as latest scenario reveals potential global economic loss of $2.4trn
North America is identified as the region likely to be most...
SKorea’s new lithium battery rules on planes highlight growing risk for aviation
Korean authorities said the measures were in response to public...
EU-U.K. deal clears way for free flow of data across Channel
To address concerns the UK could in future move away from the EU’s robust privacy protection rules, the commission added a so-called sunset clause, which leads to a review of the data transfer accord every four years.
“Overall, the insurance capacity in Asia is shrinking in the Power sector”
“Overall, the insurance capacity in Asia is shrinking in the Power sector. While the rate of hardening has now decreased for most lines of business from last year’s percentage rises, the pressure to keep pushing for year-on-year increases shows little sign of abating. It is important for Power companies to work closely with their risk advisors, using risk and analytics tools to help them manage their cost of risk through purchasing the right limits and retention levels for their insurance programmes.
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.
Devas joins Cairn Energy in trying to seize Air India’s overseas assets
Calling the flagship airline an “alter ego” of the Indian state and therefore liable for the sovereign’s debts, Devas filed a petition in New York asking Air India to pay the amount or forfeit its U.S. property including planes, cargo handling equipment and artwork.
Twitter faces three police cases amid growing challenges in India
“The Central government has taken it seriously and Madhya Pradesh Government is also taking it seriously. I have directed the DGP to investigate all aspects and register FIR and file a case,” Mishra told ANI.
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.”
Google, FB to appear before Parliamentary Panel on IT
On June 20, India’s permanent mission at the United Nations had clarified that India’s new IT rules are “designed to empower ordinary users of social media” and that they were finalised after the government held broad consultations with civil society and other stakeholders in 2018.
Tesla to recall 285,000 cars in China and fix cruise control function
In a message to customers on the Chinese social media platform Weibo on Saturday, Tesla said, There are potential safety hazards in extreme cases.
Govt defers mandatory installation of front seat airbags in existing car models till Dec 31
The ministry on March 6 had said that vehicles manufactured on and after April 1, 2021, in the case of new models, and August 31, 2021, in the case of existing models shall be fitted with an airbag for the person occupying the front seat, other than the driver.
The step is aimed at improving passenger safety in case of accident.
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.