Ravneet Kaur, chairman, Competition Commission of India "Today's...
Category:
Risk Management
Latest
At least 33 dead as tornadoes ravage central US
"Numerous significant tornadoes, some of which may be long-track...
FPIs withdraw Rs 30,000 crore from equities in first fortnight in March
With these, the total outflow by FPIs has reached Rs 1.42 lakh...
Olympics-Japan considers ban on all Olympic spectators, weighs extending curbs
Medical experts have said for weeks that having no spectators at the Olympics would be the least risky option amid widespread public concern about the risk the Games will fuel new surges of infections.
Safety audits mandated at all stages of road development to reduce accidents, says Nitin Gadkari
The Minister said that his vision is to achieve 50 per cent reduction in road accident deaths and zero accidents and deaths by 2030. About 60 per cent deaths are of two-wheeler riders.”
New Zealand gov’t to establish consumer data right
“Any data shared through the consumer data right will only take place with a person’s informed consent and would be strictly used for the reasons agreed upon. For example, if a person was seeking financial advice, they could ask their bank to share data, such as transaction information, with their chosen adviser,” New Zealand, Commerce and Consumer Affairs Minister David Clark said.
Twitter loses immunity over user-generated content in India
India’s IT ministry told the High Court in New Delhi that Twitter’s non-compliance amounted to a breach of the provisions of the IT Act, causing the U.S. firm to lose its immunity, according to the filing dated July 5. The filing came in a case filed by a Twitter user who wanted to complain about some allegedly defamatory tweets on the platform, and said the company was not complying with the new law that requires appointment of certain new executives.
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.