Category:

Risk Management

Lloyd’s of London reviews insurance contracts due to COVID-19

“The insurance industry must urgently reassess how it can better serve and support its customers,” Lloyd’s Chief Executive John Neal said in a statement.
Lloyd’s recommendations for simpler products including insurers carrying out a “linguistics review” of policy documents, investing in new products such as parametric insurance which pay out immediately when specific triggers are hit, and involving customers in product design.

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Novel coronavirus can last 28 days on glass, currency, Australian study finds

CSIRO researchers found that at 20 degrees Celsius (68 degrees Fahrenheit) the SARS-COV-2 virus remained infectious for 28 days on smooth surfaces such as plastic banknotes and glass found on mobile phone screens. The study was published in Virology Journal.

“It really reinforces the importance of washing hands and sanitising where possible and certainly wiping down surfaces that may be in contact with the virus,” said the study’s lead researcher Shane Riddell.
By comparison, Influenza A virus has been found to survive on surfaces for 17 days.

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Only 1 in 4 global orgs keep Cardholder Payment Data Secure: Report

Payment data remains one of the most sought after and lucrative targets by cybercriminals with 9 out of 10 data breaches being financially motivated, as highlighted by the recent Verizon Business 2020 Data Breach Investigations Report (2020 DBIR). Within the retail sector alone, 99 percent of security incidents analyzed by the 2020 DBIR were focused on acquiring payment data for criminal use.

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Microsoft to let employees work from home permanently: Report

“The Covid-19 pandemic has challenged all of us to think, live and work in new ways,” Microsoft’s Chief People Officer Kathleen Hogan said in a note to employees obtained by the tech news outlet.

“We will offer as much flexibility as possible to support individual workstyles, while balancing business needs and ensuring we live our culture.”

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Retreating monsoon rains worry paddy farmers in Maha

Gondia district agriculture superintendent Ganesh Ghorpade and his Bhandara counterpart Hindurao Chavan told PTI that farmers need not worry as of now, but if rains continue for some more time, then “things would get tougher”.

They have asked cultivators to delay the crop cutting work by five to six days and also keep a tab on rain prediction before harvesting the crop.

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Mercenary’ hacker group runs rampant in Middle East, cybersecurity research shows

The hackers pursued royals and business executives in Bahrain, Kuwait, and Qatar. In August 2019 they attempted to compromise an employee of major Indian energy conglomerate Reliance Industries around the time that the company was negotiating the sale of a stake in its oil-to-chemicals business to Saudi Aramco.

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