The RBI sharply cut the GDP growth projection to 6.6 per cent from...
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Indian businesses should not be excessively dependent on one supply chain: Jaishankar on trade with China
The external affairs minister said alternative routes for supplies...
Global insured NatCat losses over $135 billion in 2024 , says Swiss Re
Jérôme Jean Haegeli, Swiss Re's Group Chief Economist, says:...
Blaze at Mumbai mall doused after 56 hours
“It was a level-5 (massive) blaze and was doused around 5 am on Sunday,” a fire brigade official said.
Over 3,500 people from an adjacent residential high- rise were evacuated as a precautionary measure
Earlier this month, a blaze at a cutlery market in south Mumbai took almost 45 hours to be extinguished.
Swiss Re raises $ 775 mn Cat bond for California Earthquake Authority, to protect Californians against earthquakes
“Swiss Re’s mission as a company is to make the world more resilient. We’re delighted to partner with CEA which has been helping to protect Californians from the financial consequences of earthquakes for almost 25 years,“ said Jonathan Isherwood, Swiss Re’s CEO Reinsurance Americas and Regional President.
“Only around 13% of Californians who purchase residential insurance also have earthquake protection. It’s not a matter of if, but when, the next one strikes. This transaction supports CEA’s ability to extend financial protection to a greater number of California residents who are highly exposed to earthquakes.“
India’s data protection law has potential to propel digital economy: Facebook
The parliamentary panel on Friday quizzed social media giant Facebook about the quantum of their revenue, profit and tax payouts in India and asked what portion of their earnings were being used for data security in the country, sources said.
Global dirty money watchdog revamps rules to battle weapons financing – U.S.
“The collaboration of the Financial Action Task Force is vital to addressing global illicit financial activity, including fraud associated with the COVID-19 pandemic, proliferation financing risk, and other (anti-money laundering and counterterrorist) priorities,” U.S. Treasury Secretary Steven Mnuchin said in a statement.
NGT slams Centre over inadequate measures to prevent wastage of groundwater
“Overriding environmental law principle of ‘Polluter Pays’ must be invoked by all the regulators to ensure that wastage of water is not profitable and cost of such wastage is recovered which is necessary for restoration of the environment without merely limiting to statutory changes which are no substitute to ‘Polluter Pays’ principle,” the bench said.
No foolproof anonymity: Justice Srikrishna on data protection
“What is thought to be anonymous can be de-anonymised tomorrow. Therefore, there is no foolproof anonymity. All that law can say is take it as anonymous, if you do de-anonymity, identify the person, then you will be answerable to the law,” Justice Srikrishna said at a FICCI event.
The draft of the personal data protection bill, approved by the Cabinet in December 2019, proposes a penalty of up to Rs 15 crore and up to three-year jail term for company executives for violating privacy norms.
Startups, SMEs most vulnerable in India to cyberattacks: Report
The most common forms of cybersecurity challenges faced by startups are negligence by employees and employee mobility, according to the report.
The most common forms of employee negligence which lead to cyberattacks including data breaches are accidental loss of the device containing confidential data, leaving the workstation unprotected or unattended, sharing confidential information such as passwords via paper notes and remote working using an unsecured or public network connection.
Security researcher breaks into Trump’s Twitter account
In a statement, a Twitter spokesperson said: “We’ve seen no evidence to corroborate this claim.”
This is the second time that Gevers has gained access to Trump’s Twitter account.
India’s Dr Reddy’s isolates data center services after cyberattack
Dr Reddy’s, India’s No.2 drugmaker by market value, had shut its key plants globally due to the breach at its servers.
Its plants in the United States, United Kingdom, Brazil, India and Russia were impacted, the report added.
Lloyd’s Approves Syndicate-in-a-Box, Picnic Syndicate 2460, to cover Mutuals
Picnic will commence underwriting on Jan. 1, 2021 and would initially provide re/insurance support to the innovative mutuals that Picnic’s parent, Picnic Labs, forms and develops in Australia and New Zealand.