Category:

Risk Management

Bank operations may be hit on Mon, Tue due to nationwide unions’ strike

UFBU, an umbrella body of nine unions, in a statement claimed that about 10 lakh bank employees and officers of the banks will participate in the strike.

Many public sector lenders, including State Bank of India (SBI) have informed their customers that their normal working could be affected at the branches and offices if the strike materialises.

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German ‘insurtech’ Wefox plans risk-prevention product

Using data from mobile phones or digital smart homes will make it possible to warn of looming danger, for example, to drivers from poor road conditions, or from leaving a window open at home when a storm is looming.

The risk prevention product will not crunch personal data to price Wefox’s products – a common complaint among younger drivers who often have to agree to digital surveillance to get an affordable insurance deal.

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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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