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UK expands sanctions against Russian oil fleet and its insurers
The measures ban any cooperation with Moscow-based insurers...
EU seeks to streamline ESG regulations amid growing backlash
Asset managers have cautioned against letting streamlining morph...
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.”
AXA XL appoints Nicola Harris as Head of Energy, UK and Lloyd’s market
Peter Welton, Chief Underwriting Officer for Marine, Energy & Aerospace, UK & Lloyd’s market, commented: “Global economic uncertainty resulting from the COVID-19 pandemic has significantly affected the global energy market, which was already facing several headwinds. Having the right team in place is an integral part of our commitment to our clients, as they manage the associated risks today and in the future.
Fintechs seen eating into market share of established insurers, EU says
Insurers and reinsurers such as AXA and Munich Re have been investing in so-called insurtech companies, considered a faster way for them to adapt to technology changes.
Stephen Catlin, chairman and chief executive of Convex, a newcomer to the insurance, told the event that fintech firms faced a learning curve to compete with established players.
Bank operations may be hit by unions’ one-day nationwide strike on Thursday
“Lok Sabha in its recently held session has passed three new labour enactments by dismantling existing 27 enactments in the name of ‘Ease of Business’, which are purely in the interest of corporates.
“In the process, 75 per cent of workers are being pushed out of the orbits of labour laws since they will have no legal protection under the new enactment,” the AIBEA said in a release.