The Consumer Protection Authority (CCPA) is drafting new guidelines...
Category:
Risk Management
Latest
Govt to issue guidelines on pesky calls next month: Consumer Affairs Sec
Consumer Affairs Secretary Nidhi Khare said the department has...
European Central Bank plans insurance for climate risks
One part of the plan is a voluntary public-private reinsurance...
A COVID-19 shot for $150? Online scams surge as slow vaccine rollout frustrates
Scams include emails promising entry to supposedly secret lists for early vaccine access and robocallers impersonating government agencies. Message boards on the so-called dark web have added COVID-19 vaccines to more traditional illicit goods for sale.
Bird flu: J-K, K’taka, Tamil Nadu on alert; culling of chickens and ducks starts in Kerala
In Madhya Pradesh, officials said that 155 dead crows in Indore have been found with the H5N8 strain since the pathogen was first detected in the city a week back, while in Rajasthan, after Jhalwar, birds in Kota and Baran were found with the infection. However, no cases have been reported yet in Maharashtra, which shares borders with Madhya Pradesh.
1 Jan renewals:Reinsurers arrest downward pricing, say no to ongoing Contagious Disease exposures
Improving investment markets, retained earnings and newly raised capital helped global reinsurance capital levels to recover rapidly during 2020, ending the year 3% higher than at year-end 2019.
For buyers, terms and conditions have overall been less onerous than initially feared again revealing the efficient working of the global reinsurance market,
Emerging COVID-19 losses, often advised only late in the renewal process or yet to be advised, triggered technical discussions of primary policy coverage and reinsurance treaty wordings.
Both remain in the early stages of deliberation, so, sensibly, most programmes renewed without considering any potential COVID-19 losses, leaving time for more measured discussions and subsequent adjustments.
10 crore Indians’ card data selling on Dark Web: Researcher
“On August 18, 2020, an unauthorised attempt on our servers was detected and terminated when in progress. No card numbers, financial credentials or transaction data were compromised,” a spokesperson of JusPay said in a statement.
Aviation deaths rise worldwide in 2020 even as fatal incidents, flights fall
Large commercial airplanes had 0.27 fatal accidents per million flights in 2020, To70 said, or one fatal crash every 3.7 million flights — up from 0.18 fatal accidents per million flights in 2019.
The decline in crashes came amid a sharp decline in flights due to the coronavirus pandemic. Flightradar24 reported commercial flights it tracked worldwide in 2020 fell 42% to 24.4 million.
More than half of all deaths in the To70 review were the 176 people killed in January 2020 when a Ukrainian plane was shot down in Iranian airspace.
SolarWinds hackers accessed Microsoft source code, the company says
The SolarWinds hack is among the most ambitious cyber operations ever disclosed, compromising at least half-a-dozen federal agencies and potentially thousands of companies and other institutions. U.S. and private sector investigators have spent the holidays combing through logs to try to understand whether their data has been stolen or modified.
US court shuts down fraud scheme targeting elderly Americans via India-based call centers
The pop-up messages fraudulently claimed that the consumer’s computer was infected by a virus, purported to run a scan of the consumer’s computer, falsely confirmed the presence of a virus and malware, and then provided a toll-free number to call for assistance.
The Justice Department said that when victims called the toll-free number, they were connected to India-based call centers participating in the fraud scheme.
Call center workers asked victims to give them remote access to their computers and told victims that they detected viruses or other malware on their computers.
Eventually, the call center workers would falsely diagnose non-existent problems and ask victims to pay hundreds of dollars for unnecessary services and software.
California nurse tests Covid positive week after receiving Pfizer vaccine
Christian Ramers, an infectious disease specialist with Family Health Centers of San Diego, told the ABC News affiliate that this scenario was not unexpected.
“We know from the vaccine clinical trials that it’s going to take about 10 to 14 days for you to start to develop protection from the vaccine,” Ramers said.
“That first dose we think gives you somewhere around 50%, and you need that second dose to get up to 95%,” Ramers added.
2021 will witness lot of regulatory efforts channelled towards virtual assets: SBI official
” The use of crowdfunding websites, although not entirely new, create an additional risk as these are specially designed to solicit funding and can be misused for terror financing,” he said.
Varma also noted that crypto currencies and its potential means to finance terrorism is a significant threat especially when is anonymous in nature.
Govt proposes to make airbags mandatory for cars
All new models manufactured from April 1, and existing models made from June 1, will have to meet the new guideline if approved, the Ministry of Road Transport and Highways said in the notification dated Dec 28.