Category:

Risk Management

Uber, Lyft team up on database to expose abusive drivers

To protect privacy, no passenger information will be shared in the database and the incidents that resulted in a driver’s dismissal will be listed in six broad categories: attempted non-consensual sexual penetration; non-consensual touching of a sexual body part; non-consensual kissing of a sexual body part; non-consensual kissing of a non-sexual body part; non-consensual sexual penetration; and fatal physical assaults.

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China harvesting 20% of world’s data including from India

“If the CCP (Chinese Communist Party) has access to 20 per cent of the data going through the world’s VPNs generally, they should be expected to be using that data for a massive global spying operation that could translate into winning wars, shifting global power, and aiding the rise of an empire,” the expert warned.In India, approximately 129 million people use VPN to access the internet and we do not know how many of those now have data that has been compromised.

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France’s biggest insurer dumps German power giant over coal

“By turning away one of Europe’s biggest utilities because they are too dependent on coal, AXA has set an important precedent for itself and other insurers,” said Peter Bosshard, finance program director at environmental nonprofit the Sunrise Project, adding that RWE must be an account worth millions of dollars a year in insurance.

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Greensill, Gupta and the fragile tower of money and metal

The crisis began at Bond & Credit Company, the Sydney unit of insurance giant Tokio Marine Holdings Inc. last summer. It decided not to extend policies covering the loans Greensill made, and has fired a manager who had a key role in signing off on that business. Compounding Greensill’s problems, around the same time, the German regulator BaFin started a probe into his fast-growing bank in Bremen.

BaFin was concerned that too many of the assets of Greensill Bank were tied to the same source: Gupta. The investigation found irregularities, including that the bank had booked claims for transactions by Gupta that hadn’t yet occurred but which were accounted for as if they had. During this slow buildup of pressure, in late 2020 Softbank wrote down its investment in Greensill, though this only came to light in recent weeks.

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84% of Indians prefer firms that protect personal data

The survey results come at a time when there is no comprehensive data privacy law in place in the country and India is rapidly going digital.

While a majority (78 per cent) of Indian consumers broadly know how many organisations use, store or have access to their personal data (e.g. email address, contact number, bank details etc.), 22 per cent still “don’t have a clue” about it.

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