Boeing has "accepted responsibility for the MAX crashes publicly...
Category:
Risk Management
Latest
China unveils $1.4 trillion local debt package but no direct stimulus
In an apparent reaction to the U.S. election and the intensifying...
Emerging Indian Risks: Managing political, technological, environmental, economic, and competitive forces
Neelesh Garg, Managing Director & CEO,TATA AIG General...
Google turns Android phones into earthquake sensors; California to get alerts
eismology experts consulted by Google said turning smartphones into mini-seismographs marked a major advancement, despite the inevitably of erroneous alerts from a work in progress, and the reliance on a private company’s algorithms for public safety. More than 2.5 billion devices, including some tablets, run Google’s Android operating system.
“We are on a path to delivering earthquake alerts wherever there are smartphones,” said Richard Allen, director of University of California Berkeley’s seismological lab and visiting faculty at Google over the last year.
India air safety watchdog to check airports hit by heavy rain after crash
“We will conduct additional checks at major, busy airports across India that are affected by the monsoon rains,” Arun Kumar, head of the Directorate General of Civil Aviation (DGCA) said in an interview late on Monday.
Loss in Karnataka due to floods and torrential so far is estimated to be Rs 3,500-4,000 cr: Minister
“We will also seek relief for the total loss that has happened, based on how much the Centre gives we will see what needs to be done…in the coming days a proper survey will be done and a report will be sent (to the Centre),” he said
DGCA,airport authority ignored warnings on Kozhikode table top runway
The runway at Kozhikode, where the latest crash took place, doesn’t have an adequate safety mechanism, especially in wet conditions with a tailwind, a member of the aviation regulator’s Civil Aviation Safety Advisory Council wrote in a letter to top bureaucrats in 2011, a copy of which was seen by Bloomberg News.
A ground arrestor system, similar to those maintained at Air Force bases, should be installed at table top airports to bring any skidding aircraft to a halt, an investigation report into the 2010 crash of another Air India Express jet recommended.
Cabinet likely to take up proposal for Credit Guarantee Enhancement Corp soon
India requires an investment of whopping Rs 111 lakh crore in infrastructure over the next five years to sustain a healthy economic growth, according to the report of the Task Force on National Infrastructure Pipeline (NIP).
To meet the huge funding requirement, Credit Guarantee Enhancement Corporation would be one of the tools for mobilising funds for infrastructure development, sources said.
20GB Intel data with key chip secrets leaked, probe on
The folder which is circulating wildly on social media has been billed as “Intel exconfidential Lake Platform Release ;)” and was originally posted on the mobile messaging platform Telegram.
“The information appears to come from the Intel Resource and Design Center, which hosts information for use by our customers, partners and other external parties who have registered for access. We believe an individual with access downloaded and shared this data,” the company was quoted as saying in the report.
Global AI market revenues to reach $156 billion in 2020: IDC
“AI applications continue to be at the forefront of digital transformation (DX) initiatives, driving both innovation and improvement to business operations,” Ritu Jyoti, programme Vice President, Artificial Intelligence Research at IDC, said in a statement.
Customer relationship management (CRM) AI applications and enterprise relationship management (ERM) AI Applications are the two largest segments with 20 per cent and 17 per cent share of the AI applications market.
World’s three hottest Julys happened in the last five years
In the Arctic, which has been warming at more than twice the global rate in recent decades, the expanse of sea ice shrank to its lowest level recorded for any July since 1979. The data service said satellite images reveal ice-free conditions “almost everywhere” along the Siberian coastline – a shipping route that, until a few years ago, could be crossed only with an ice-breaking vessel.
Australia to spend US$1.2b on cyber security for private sector after rise in attacks
Cyber attacks on businesses and households are costing about A$29 billion $20.83 billion) or 1.5% of Australia’s gross domestic product (GDP), Morrison told reporters in Canberra.
Much of Australia’s cyber policy to date has focused on bolstering the defenses of government agencies after an attack on the parliament in 2019, but malicious cyber activity is increasing against small and medium businesses, universities and households,Australian Prime Minister Scott Morrison said.
UN reports sharp increase in cybercrime during pandemic
We know that terrorists are exploiting the significant disruption and economic hardships caused by COVID-19 to spread fear, hate and division and radicalise and recruit new followers, the UN counterterrorism chief Vladimir Voronkov said.
The increase in internet usage and cybercrime during the pandemic further compounds the problem.