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66% of businesses in India paid bribes to avail government services, claims report
"Though initiatives like the Government eProcurement marketplace...
112 died in 3 years after free treatment at pvt hospital under lens for botched angioplasty
The investigations have showed the hospital organised free check-up...
Ransomware 2.0: India and Australia logged the highest number of incidents across APAC region
Vitaly Kamluk, Director of Global Research and Analysis Team (GReAT) for APAC at Kaspersky, revealed that at least 61 entities from the region were breached by a targeted ransomware group in 2020. India and Australia logged the highest number of incidents across APAC.
Dubbed as “Ransomware 2.0”, this type of attack goes beyond kidnapping a company’s or an organization’s data. These groups are now utilizing the increasingly valued digital reputation to force their preys to pay hefty ransom.
Citrix hit by DDoS cyberattack, says working on a fix
According to ZDNet, victims of these Citrix-based DDoS attacks have mostly included online gaming services, such as Steam and Xbox.
Pfizer COVID-19 vaccine causing more allergic reactions than expected
On Monday, a National Institute of Allergy and Infectious Diseases official said the US is looking at why some people have suffered severe allergic reactions shortly after Alkis Togias, chief of the NIAID’s Allergy, Asthma, and Airway Biology Branch, told CNBC that “several hundred people” who have a history of severe allergic reactions will be involved in a study.
Air Canada Boeing 737 Max suffers engine problem: Report
Shortly after takeoff, the crew received an indication of hydraulic low pressure in the left engine, the website said. The three-member crew of the empty plane initially decided to continue the flight to Montreal, but shut down the engine and diverted to Tucson after receiving an indication of a fuel imbalance from the left-hand wing, Aviation24.be said.
After RBI rap, fintech grouping comes out with code of conduct for industry
The RBI circular cited reports that spoke about excessive rates of interest and additional hidden charges demanded from borrowers, adoption of “unacceptable and high-handed recovery methods” and also misuse of agreements to access data on the mobile phones of the borrowers.
In a statement, FACE, which is formed by EarlySalary, KreditBee, Kissht, CashE, and LoanTap, said maintaining an ethical code of conduct with “larger accountability and transparency is essential for enabling robust financial inclusion in India”.
The code speaks on transparency, disclosure of all costs to customers, pricing and cost of credit, fair treatment, collection, fair treatment, data privacy and resolution of grievances.
China launches antitrust probe into tech giant Alibaba
It follows China’s dramatic suspension last month of Ant’s planned $37 billion initial public offering, which had been on track to be the world’s largest, just two days before shares were due to begin trading in Shanghai and Hong Kong.
In a strongly worded editorial, the ruling Communist Party’s People’s Daily said that if “monopoly is tolerated, and companies are allowed to expand in a disorderly and barbarian manner, the industry won’t develop in a healthy, and sustainable way”.
1 in 10 gamers have had their ID stolen, $347bn at risk
According to global research by cyber-security firm Kaspersky, a third (33 per cent) of gamers have suffered at the hands of cheats.
According to the 5,031 gamers surveyed across 17 countries, nearly a fifth (19 per cent) have also been bullied while playing.
All of these combined cause stress and anxiety in 31 per cent of the games surveyed.
For companies like Nintendo, Sony and Microsoft, 2020 has been a record-breaking sales year as millions stayed home during the pandemic.
Massive cyberattacks that shook the world in 2020
The biggest of them perhaps came to light towards the end of the year when cybersecurity company FireEye earlier this month revealing that it became a target of hackers who accessed tools that the company uses to test its customers’ security.
According to a report in The Wall Street Journal, suspected Russian hackers installed a malware in the Orion software sold by the IT management company SolarWinds, and accessed sensitive data belonging to several US government agencies, at least one hospital and a university.
Studies find having Covid-19 may protect against reinfection
Researchers found that people with antibodies from natural infections were “at much lower risk … on the order of the same kind of protection you’d get from an effective vaccine,” of getting the virus again, said Dr. Ned Sharpless, director of the U.S. National Cancer Institute.
“We don’t know how long-lasting this immunity is,”said Joshua Wolf, an infectious disease specialist at St. Jude Children’s Research Hospital in Memphis added. Cases of people getting Covid-19 more than once have been confirmed, so “people still need to protect themselves and others by preventing reinfection.” he said.
Insolvencies, cyber threats and ESG scrutiny are top risks for directors and officers in 2021:Allianz
Forthcoming insolvency warnings are among the top concerns for the D&O insurance sector as insolvency is a key cause of D&O claims – insolvency administrators usually look to recoup losses from directors.
According to Euler Hermes, the bulk of insolvencies is still to come through the first half of 2021, with its global insolvency index likely to hit a record high for bankruptcies, up 35% by end of 2021, and with top increases expected in the US, Brazil, China and core European countries such as UK, Italy, Belgium and France.