Vanuatu, one of the small island states that has spearheaded the...
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Risk Management
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FSSAI reclassifies packaged drinking water, mineral water as high-risk food
The move, effective immediately following an order dated November...
Private equity exposure with insurers can be risky for , financial markets, BOE says
Officials are concerned that a potential sharp and correlated...
Sebi asks financial sector organisations to ensure compliance with CERT-In advisory
Among others, they were also advised to ensure complete protection and seamless control over their critical system by continuous monitoring through direct control and supervision protocol mechanisms while keeping such data within the legal boundary of India.
Google tells Android users to update Chrome to avoid critical bug
Google said the bug was exploited to allow attackers to bypass and escape the Chrome security sandbox on Android devices and run code on the underlying OS, reports ZDNet.
Cyber agency alerts against ransomware attacks of ‘Egregor’ virus
It is anticipated that Egregor ransomware may infiltrate via spam email attachments or maliciously crafted link shared via email/instant messaging chats.”
“The modus operandi used is typically breaking into organisations, stealing sensitive data, and running the malware to encrypt their files and (it) threatens ‘Mass-Media’ release of corporate data if ransom not paid in due time,” the advisory stated.
Maruti Suzuki recalls 40,453 Eeco units to fix issue with headlamp
“The company will inspect 40,453 units of Eeco for a possible issue of standard symbol missing on the headlamp. Any action, if required, shall be undertaken free of cost,” it added.
IRDAI forms panel to modify engineering retail segment products
Among the issues, the panel will revisit the product structures of the erstwhile engineering tariffs relevant for the retail category and make suitable recommendations for revising them.
Infosys receives RIMS global ERM Award of Distinction
“We operate in a fast-evolving world, where we and our stakeholders find ourselves in the midst of disruption.Success in times like these require us to take calculated risks so we can move forward in a differentiated and progressive manner. Our enterprise risk management program has evolved to become a strong framework to manage potential threats to our objectives in a proactive manner, and enhance our performance,” said U B Pravin, Member of Board & Chief Operating Officer, Infosys Limited
Poor public risk management led to higher Covid-19 Pandemic losses and P&C market exposure:Denis Kessler
Denis Kessler, chairman and chief executive officer of SCOR said that this is the biggest surprise of the crisis because it’s the opposite of what, broadly speaking, had been anticipated and modelled for pandemic risk. While the industry was certainly not unaware of pandemic threat, it failed to accurately anticipate the lines it would impact most severely
Govt issues ordnance to amend arbitration law
As per the latest amendment brought through the ordinance, if the award is being given on the basis of an agreement based on fraud or corruption, then the court will not impose a condition to stay the award and grant an unconditional stay during the pendency of the appeal if it has been challenged under Section 34 of the arbitration law.
Pilot Unions, crash families seek revisions to 737 Max training
A group of dozens of family members and friends of the 157 people who died on an Ethiopian Airlines crash on March 10, 2019, go further, seeking additional design changes and publication of a more detailed training outline.
“The FAA’s proposed update to the 737 Max pilot training requirements is inadequate to rectify Boeing’s history of 737 Max-related failures and insufficient to prepare pilots to safely fly the airplane,” the family group said in its comments, also posted on Monday.
There would be significant cyber losses in the next 10 years: Mumenthaler
`There are certain tail risks that are too big, in my view, for the insurance industry to carry. We can carry a certain amount of risk, and we are active in the market, but I think the capacity will run out within the next three years.The shadow of cyber risk still looms large, with bad actors or rogue states capable of launching damaging cyber attacks that could even result in human losses, given our dependence on technology. It’s not a random event. It’s perpetuated by people and on the aggregation side it’s a real challenge,” he explained…