TikTok said on Tuesday that it strongly disagreed with the claims,...
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Risk Management
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Geopolitical conflict: Global economy could lose $14.5 trillion over a 5-yr period, says Lloyd’s
With more than 80% of the world’s imports and exports – around 11...
Cyber Risks: Frequency of large claims (>€1mn) up 14%, severity increase 17% in H1 2024
Worldwide, the average cost of a data breach reached an all-time...
From Google to Webex to Teams to Zoom: How to Choose a Videoconferencing App
Security researchers draw a distinction between apps aimed at social interaction and ordinary consumers and those intended to keep communications private for a big corporation or a bank.
China says India’s new FDI rules violate WTO principles, hopes for revision
On Saturday, India stepped up scrutiny of investments from companies based in neighbouring countries, in what is widely seen as a move to stave off takeovers by Chinese firms during the coronavirus outbreak.
Olympic organisers must be flexible if coronavirus vaccine not ready in time, experts say
The Olympics was “a uniquely risky event”, he added, because of the threats represented by visitors streaming in from areas with a lot of infections, and the reverse flow when they return afterwards, perhaps carrying home infections.
Although more hopeful for a vaccine to be found within a year, Jason Kindrachuk, an infectious diseases expert at the University of Manitoba in Canada, flagged a risk of further delay to the Games, as vaccinating people would take time.
Bat coronavirus found in two Indian bat species:study
“Bats are considered to be the natural reservoir for many viruses, of which some are potential human pathogens. In India, an association of Pteropus medius bats with the Nipah virus was reported in the past. It is suspected that the recently emerged severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) also has its association with bats,” the objective of the study titled ‘Detection of coronaviruses in Pteropus and Rousettus species of bats from different states of India’ stated.
“In the present scenario of changing demography and ecological manipulations, it is challenging to have checks on the encounters of bats with other animals and humans,” the study stated, highlighting that the need for active and continuous surveillance remains crucial for outbreak alerts for bat-associated viral agents with epidemic potential, which would be helpful in timely interventions.
Bermuda’s “resilient” re/insurance market continues to meet global clients’ needs amid COVID-19
“The re/insurance industry excels in time of disruption and catastrophes—managing risk during natural and man-made disasters is our strength,” said John M. Huff, President & CEO of Association of Bermuda Insurers & Reinsurers (ABIR), noting the Bermuda market is well capitalized and works closely with regulators and policy makers globally on the economic potential of any significant events. “The industry has a proven track record of responding successfully during critical moments in history and we will continue to do so as the world faces and recovers from the COVID-19 pandemic.”
Cyber Security&Covid-19
If you have effective cyber incident response, crisis management and/or business recovery plans in place, it is important to review them in light of your new operating environment. Can you access all the equipment you will need to test or reset? Is your data still being backed up to a secure site? Can your users still effectively report phishing or other indicators of cyber incidents? How are you going to maintain communication between the key crisis managers if all your laptops and mobiles get encrypted with ransomware? If your plan isn’t tested yet, now may be the wrong time to start – but at a minimum do all the relevant staff at least have a clear understanding of the plan, and how your current situation has altered it?
EMI moratorium fraud: banks asking customers to be alert, not to share OTP with imposters
Asking customers to protect their financial details, Axis Bank said in an e-mail to customers said fraudsters have started a new modus operandi to gain access to banking details.Imposters may contact you to help postpone your EMI payments and request you to share OTP, CVV, password or PIN related to your banking accounts, it said.
“Stay aware! If the details are shared, the fraudster can have unwarranted access to your banking information leading to financial loss. Beware of EMI Moratorium Frauds!,” Axis Bank said.
RBI says coronavirus has ‘drastically altered’ India’s growth outlook
“While efforts are being mounted on a war footing to arrest its spread, COVID-19 would impact economic activity in India directly through domestic lockdown. Second round effects would operate through a severe slowdown in global trade and growth,” the central bank said.
India asks TikTok, Facebook to remove users spreading coronavirus misinformation
In a statement, TikTok said it was “actively working with the government to support” their efforts to fight misinformation, while proactively working towards elevating credible information related to COVID-19 on its platform.
Facebook told Reuters it was taking “aggressive steps to stop misinformation and harmful content from spreading on our platforms”. It said it will remove misinformation about COVID-19, the respiratory disease caused by the coronavirus, that could contribute to imminent physical harm.
Coronavirus Pandemic: Short-term closure of plants or premises can pose risks for companies:AGCS Study
“We already see a number of losses that occur on holidays or weekends when employees are not largely present on sites or premises,” says Ralf Dumke, Regional Head of Risk Consulting Property, AGCS Central & Eastern Europe: “The production and operating shutdowns currently being caused by the coronavirus pandemic can also bring increasing hazards for businesses.