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CCI restricts WhatsApp sharing data with other Meta entities, imposes $25.4 mln fine
"Sharing of user data collected on WhatsApp with other Meta...
Cyber Insurance: Largest potential lies in the SME opportunity, says Swiss Re
Dani Tobler.Head Cyber Reinsurance at Swiss Re "North America...
SIAC order on Rs 24,713 cr RIL deal not enforceable, binding: Future Retail
Last Sunday, the SIAC passing an interim award in favour of Amazon had asked the Future group to put the deal on hold and said that the deal cannot go through until it finally decides the matter.
“The EA order is not enforceable under the provisions of the Arbitration and Conciliation Act, 1996 and is not binding on FRL. Any attempt on the part of Amazon to enforce the EA order shall be resisted by FRL to the fullest extent available under Indian law. FRL is also in the process of taking appropriate legal action to protect its rights,” the Future group firm said.
Ransomware surge imperils hospitals as pandemic intensifies
Hackers are aware that “health care is the most likely to pay the ransom because their services are critical,” dos Santos said.
“Stopping services means that people will literally be dying.”
For hospitals unable or willing to pay, “it would mean going back to pen and paper, which can cause huge slowdowns,” he added.
2nd study testing a COVID-19 antibody drug has a setback
Earlier this month, a different group of monitors recommended pausing enrollment in a U.S. National Institutes of Health study testing an Eli Lilly antibody drug to investigate a possible safety issue in hospitalized patients.
Cyberattacks hit over 1,000 schools, colleges between June-Sept globally
“While online teaching and learning is a crucial part of the new normal, it is also important for students and teachers to act mindfully before, during and post the online classes,” Murali Urs, Country Manager-India, Barracuda Networks, said in a statement.
Lloyd’s insurer Apollo to stop underwriting Adani coal mine from Sept. 2021
“We participate in one construction liability policy in respect of Adani Carmichael…this particular policy terminates in September 2021 after which we will no longer provide any insurance cover for this project,” chair of Apollo Syndicate Management Julian Cusack said in the memo.
“We have recently declined to participate in an additional policy relating to the port and rail extension and have agreed that we will not participate in any further insurance policies for risks associated with this project.”
“SIRC 2020 Re-Mind”:Mumenthaler and Kessler to address the virtual event, Global-Asia Insurance Partnership to be launched
Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance, Heng Swee Keat will announce the launch of the Global-Asia Insurance Partnership (GAIP), a new global centre of excellence in risk management in Singapore that is a tripartite partnership amongst regulators, academia and industry
Singapore’s Nanyang Technological University will be the research institution partner under the GAIP, to work on studies about the future development and needs of the insurance sector.
All insurance/reinsurance industry practitioners and media can register for the virtual event free of cost at https://sirc.6connex.com/event/SIRC2020REMIND/login
Swiss Re joins global coalition to better predict & prevent outbreak and pandemics, to harness data and analytics
The Trinity Challenge aims to develop ideas and tools for tackling the three stages of infectious disease emergencies – identification, response and recovery.
By becoming a member of The Trinity Challenge, Swiss Re is joining leaders across the academic, non-profit and private sectors including Google, Microsoft and Facebook, GlaxoSmithKline, McKinsey & Company, the Gates Foundation, the University of Cambridge and Imperial College London.
Govt to bring new law to curb air pollution in Delhi-NCR
The new law will be only for Delhi and NCR. It will come out soon. I cannot comment on what penalties it will entail. It is a new law to curb pollution in Delhi NCR region only. Air Act is for the nation and it will be as it is, Environment Secretary, R P Gupta, told PTI.
Cyberattack on Dr Reddy’s Labs sharp reminder to strengthen digital infrastructure: Analysts
Dr Reddy’s faced a major data breach yesterday which triggered a shutdown of its key facilities. The company experienced data breaches in servers in the UK, the US, India, Brazil and Russia. Afterwards, the company released a statement which said that in the wake of a detected cyberattack, it had isolated all data centre services to implement preventative measures. Dr Reddy’s anticipates all services to be up within 24 hours and does not expect any major impact on operations due to the cyberattack.
Cybersecurity tops corporate priorities in India now: Study
With users connecting from outside the corporate walls, secure access defined as the ability to verify identity and establish trust no matter how, where, or when users log in, is the top cybersecurity challenge faced by the largest proportion of Indian organizations (68 per cent)when supporting remote workers.