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Trebling of “nuclear” court verdicts challenges companies and liability insurers: Allianz
Recent years have also seen a growing list of pharma, food, and...
Facebook users affected by data breach eligible for compensation, German court says
Thousands of Facebook users in Germany are demanding compensation...
U.S. insurers dig into corporate diversity practices as lawsuits pile up
Insurers are meeting company officials to examine diversity practices before renewing or signing new so-called D&O policies to cover lawsuits against directors and officers, insurers and brokers said.
Before pricing coverage, insurers want details about top-level succession planning and how companies recruit, they said.
Shell faces Dutch court as climate change activists demand end to emissions
Environmental activists are demanding that Shell cuts its greenhouse gas emissions almost in half by 2030 and to zero by 2050 – which would effectively force the Anglo-Dutch firm to quickly move away from oil and gas and direct its investment to sustainable sources of energy
Swiss Re to set up new fund for institutional and designated investors to access Nat Cat biz
Martin Bisping, CEO of Swiss Re Insurance-Linked Investment Management said: “This new fund will open a unique opportunity for investors to invest in the same book of business as Swiss Re, benefitting from Swiss Re’s global reach, client access, risk knowledge and underwriting.“
Kaspersky partners CERT-In to create secure cyberspace
The partnership would create mechanisms to detect latest cyber security threats that can adversely affect the information assets and privacy of the general users in the country, and devise appropriate security measures to enable such users to secure their systems.
“The pandemic has amply highlighted that we are codependent, interconnected and vulnerable. Our partnership with Kaspersky will help towards creating a robust, safe, secure and resilient digital economy in a vibrant digital India,” said Dr Sanjay Bahl, Director-General, CERT-In.
Hacker selling CEO, CFO email accounts for as less as Rs 7,400
The data is being sold on a closed-access underground forum for Russian-speaking hackers called exploit.in”.
The high-level employees at risk include chief executive officers, chief operating officers, chief financial officers, chief marketing officers, chief technology officers, presidents, vice presidents and company directors, among others.
Surge in cyber attacks on Indian vaccine makers in Oct-Nov: Report
In October, a total of 54,34,825 and in November (till now), a total 16,43,169 number of cyber-attack events have been identified on the network.
According to the report, exposed systems that are unmonitored and facing the Internet are the most attacked system for the attackers.
SMBs that quickly disclose hacking face 40% less financial loss
“Proactive disclosure can help turn things around in a company’s favour – and it goes beyond just the financial impact. If customers know what happened firsthand, they are likely to maintain their trust in the brand,” said Yana Shevchenko, Senior Product Marketing Manager at the cyber security firm Kaspersky
New Zealand’s Ardern set to declare climate emergency
“We’ve always considered climate change to be a huge threat to our region, and it is something we must take immediate action on,” Ardern said, according to state broadcaster TVNZ.If a climate emergency is passed, New Zealand would join countries like Canada, France and Britain that have taken the same course to focus efforts on tackling climate change.
Skoda India’s plea to quash FIR for alleged use of cheat device dismissed
The FIR was also lodged in UP and the company moved the high court seeking its quashing, it said.
The apex court passed the order on the appeal filed by Skoda against the Allahabad High Court order refusing to quash the FIR and dismissing its plea.
The biggest threat to Covid-19 vaccination could be fake news and misinformation
“The coronavirus disease is the first pandemic in history in which technology and social media are being used on a massive scale to keep people safe, informed, productive and connected,” the WHO said.
“At the same time, the technology we rely on to keep connected and informed is enabling and amplifying an infodemic that continues to undermine the global response and jeopardises measures to control the pandemic.”