“Rising geopolitical tensions, a fracturing of global trust and the...
Category:
Risk Management
Latest
Gallagher appoints Ajit Horra as its India CEO
Ajit will lead Gallagher’s 180 strong team, which is headquartered...
Allianz Risk Barometer: Cyber continues as top Indian business risk
“In addition to cyber incidents as the top risk in India, the...
Delhi reported steep spike in cybercrimes during lockdown period: Police
According to data shared by the city police, 62 per cent of the cybercrimes reported in Delhi were related to online financial fraud, 24 per cent were related to social media and 14 per cent to other cybercrimes.
The data showed that from March to May 2020, when restrictions were in place due to the outbreak of COVID-19, there was a rise in cases related to cybercrimes. It went up from around 2,000 such cases in March to more than 4,000 in May.
Nigerian court freezes Shell accounts ahead of Aiteo lawsuit
The lawsuit is latest in a string of legal headaches for the biggest international oil company operating in Nigeria, Africa’s biggest oil exporter.
A British court last week cleared the way for local communities to sue the company over oil spills in the West African nation, and last month Shell lost a case brought in the Netherlands by Nigerian farmers and fisherman over pollution claims.
RBI issues master direction to ensure security of digital payments
The Master Direction lays down guidelines for internet banking, mobile payments, card payments, customer protection and grievance redressal mechanism.
“In view of the proliferation of cyber-attacks and their potential consequences, regulated entities should implement, except where explicitly permitted/ relaxed, multi-factor authentication for payments through electronic modes and fund transfers, including cash withdrawals from ATMs/ micro-ATMs/ business correspondents, through digital payment applications,” the RBI said.
Boeing warns pilots in wake of deadly Indonesian 737 crash
In the bulletin, the company lists various causes that can trigger a loss of control, which include malfunctions and incorrect actions by pilots. Preventing such concurrences “involves the active participation of both pilots,” it said.
“Active monitoring skills are essential to facilitate early detection of conditions that can lead to an airplane upset,” the company said. An upset occurs when a plane flies too slowly or banks, climbs or descends too steeply.
WhatsApp to move ahead with privacy update despite backlash
In its latest blog bit.ly/3ufc9Eq, WhatsApp said it will start reminding users to review and accept updates to keep using the messaging platform.
“We’ve also included more information to try and address concerns we’re hearing,” it added.
Researchers urge delaying Pfizer vaccine’s second dose as first highly effective
There are differences over the merits of such strategies, with some arguing the urgency of the pandemic requires flexibility, while others oppose abandoning data-driven approaches for the sake of expediency.
U.K. to set up Green Finance hubs to support banks and insurers to invest in renewables
The goal is to “equip banks with the latest environmental and scientific intelligence to help companies of all sizes,” according to the statement. Researchers will aim to create products and services that help tackle climate change and its effects, including tools to measure storm and flood-risks.
It is official: U.S. back in the Paris climate club
WASHINGTON: The United States officially rejoined the Paris climate agreement on Friday, reinvigorating the global fight against climate change as the Biden administration plans drastic emissions cuts over the next three decades.Scientists and foreign diplomats have...
Moody’s predicts massive insured losses in US Winter Storm,White House says Texas winter storm likely due to climate change
Those storms, Moody’s noted, have led to loss of life, property damage and massive power outages. Causes of property damage in the storm include snow, flooding, and water damage from frozen and broken pipes.
Covid-19 variant N440K spreading more in southern states”Study
“We now have emerging evidence that N440K is spreading a lot more in southern states. Closer surveillance is needed to understand its spread properly. Accurate and timely detection of new variants that may show greater infectivity or worse clinical symptoms, including immune escape, will be extremely important to preempt disastrous consequences,” said Dr Rakesh Mishra, Director, Cellular and Molecular Biology and corresponding author on the study