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Allianz Risk Barometer 2021: Covid-19 trio tops global and Asia Pacific business risks
“The Allianz Risk Barometer 2021 is clearly dominated by the Covid-19 trio of risks. Business interruption, pandemic and cyber are strongly interlinked, demonstrating the growing vulnerabilities of our highly globalized and connected world,” says Joachim Müller, CEO of AGCS.
“The coronavirus pandemic is a reminder that risk management and business continuity management need to further evolve in order to help businesses prepare for, and survive, extreme events. While the pandemic continues to have a firm grip on countries around the world, we also have to ready ourselves for more frequent extreme scenarios, such as a global-scale cloud outage or cyber-attack, natural disasters driven by climate change or even another disease outbreak,” he said.
German specialists probing 10 deaths of people vaccinated against Covid-19
The institute also reported six anaphylaxis cases. So far, there have been 325 cases of side-effects allegedly related to the vaccine, including 51 severe ones. Keller-Stanislawski stated that those results are within expectations and correspond to the US vaccination statistics.
AI & IoT have created an urgent need and legislative rigour for comprehensive framework on data protection: Meenakshi Lekhi
Speaking on the data privacy , chairperson of Parliamentary Committee on Data Protection Bill and BJP MP Meenakshi Lekhi , said there are many who are unaware of the kinds of warring systems that exist in the digital ecosystem today. ”When you look around the systems, you see that we are dealing with an unfair system. Unfair not just in India but globally, there is lot of intellectual property theft which is going on right now stealthily, which people may not even know about,” she said.
Pfizer vaccine worries Norway as 29 elderly people die after taking shot
Official reports of allergic reactions have been rare as governments rush to roll out vaccines to try to contain the global pandemic. U.S. authorities reported 21 cases of severe allergic reactions from Dec. 14-23 after administration of about 1.9 million initial doses of the Pfizer vaccine. The first Europe-wide safety report on the Pfizer-BioNTech vaccine is due to be published at the end of January.
2,24,301 beneficiaries given COVID-19 vaccine so far; 447 cases of adverse effect reported: Govt
Addressing a press briefing, the ministry”s Additional Secretary Manohar Agnani said out of the 447 adverse events following immunisation, only three required hospitalisation
Insurers expect to settle over £1.8bn in Covid-19 related UK claims including BI policies
Today’s ruling had other bad news for insurers. Under the original judgement, cover for BI losses due to business closures during lockdown would have been based on a strict definition of lockdown, when closures were mandatory. The Court decided that this interpretation was too narrow and that cover should include closure instructions from a public authority, even if not backed by the force of law.
Customers who have made claims that are affected by the test case will be contacted by their insurer to discuss what the judgment means for their claim. All valid claims will be settled as soon as possible and in many cases the process of settling claims has begun, said UK’s Association of British Insurers.
N.Y. health insurer Excellus reaches $5.1 mln deal with HHS over data breach
Excellus reported in 2015 that hackers had gained unauthorized access to its computer systems, ultimately leading to the disclosure of more than 9.3 million individuals’ protected health information, the agency said.
Over 22 billion records exposed in data breaches in 2020: Report
One of the overarching themes of the threat landscape in 2020 was that threat actors relied on unpatched vulnerabilities in their attacks as well as chaining together multiple vulnerabilities as part of their attacks.
“Every day, cybersecurity professionals in India and the rest of the world are faced with new challenges and vulnerabilities that can put their organisations at risk,” said Satnam Narang, Staff Research Engineer at Tenable.
WHO team arrives in Wuhan to search for the origins of the coronavirus pandemic
Scientists suspect the virus that has killed 1.9 million people since late 2019 jumped to humans from bats or other animals, most likely in China’s southwest. The ruling Communist Party, stung by complaints it allowed the disease to spread, says the virus came from abroad, possibly on imported seafood, but scientists reject that.
UK Supreme Court hands businesses victory in COVID-19 insurance ruling
Six of the world’s largest commercial insurers — Hiscox, RSA, QBE, Argenta, Arch and MS Amlin — said many business interruption policies did not cover widespread disruption after Britain’s first national lockdown last March.
But senior judges said payouts should be triggered after scrutinising 14 non-damage insurance policy clauses — which cover disease, denial of access to business premises and hybrid clauses — in a resounding victory for policyholders and the regulator.