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New research from Beazley reveals AI is the biggest challenge facing digital health and wellness firms
Beazley’s research found fewer than a third (30%) buy the essential...
Lloyd’s partners with World Bank Group in bid to boost guarantees to $20bn by 2030
Lloyd’s CEO, John Neal, said, “Collaboration is the hallmark of the...
Cyberattacks grew 22% on India’s IoT deployments in Q2
Among the 15 Indian cities from which data was gathered, Mumbai, New Delhi and Bengaluru are attracting the maximum number of cyberattacks, revealed the study by Bengaluru-headquartered telecom solutions provider Subex.During the quarter, the researchers registered 33,450 high-grade attacks, 500 of which were very high sophistication.
Global commercial insurance pricing up 6% in Q2:Marsh
CAT pricing increased double digits in several Asian countries,including Singapore, Hong Kong, and India.
As breaches rise, so do the paychecks for Cybersecurity professionals
In April, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon told shareholders that cybersecurity “may very well be the biggest threat to the U.S. financial system.” His counterpart at Bank of America Corp., Brian Moynihan, said previously that the lender’s cybersecurity unit operates with an unlimited budget.
Tesla under U.S. scrutiny over safety claims
The Elon Musk-led electric-car maker claimed in October that its Model 3 car had the lowest risk of occupant injury of any vehicle in U.S. government tests, but U.S. National Highway Traffic Safety Administration (NHTSA) said it was inconsistent with the agency’s usage guidelines
Willis Towers Watson launches drone disruption action plan
Jago Harvard-Walls, Client Relationship Director and Transportation Lead in Asia, Willis Towers Watson, said “Drone-related incidents at airports may be a recent phenomenon, but they are expected to increase in frequency, complexity and severity as drones become larger and more powerful. Airports need to prepare for potential attacks through effective risk management and there are a number of steps that airports can take to prepare for these scenarios. This includes assessing, locating and understanding the type of drone that has infringed airspace, as well as reputation management.”
Your high-tech car could be vulnerable to deadly mass cyberattacks
“Automakers are taking many protective actions, including designing vehicles from the start with security features and adding cybersecurity measures to new and redesigned models.”
Lok Sabha passes Bill to set up National Committee on Dam Safety to prevent dam failures
Observing that safety of dam is extremely important as it concerns lives of people, property and flora and fauna, the Jal Shakti Minister Gajendra Singh Shekhawat said “there is a need to have a common protocol for safety of dams in the country.”
3 of 5 costliest disasters hit emerging and developing countries in H1 2019:Munich Re
When looking at the first half of 2019, disasters in poorer countries are worrying because the victims so often have virtually no insurance cover. Cyclone Idai, which hit Mozambique, was in relative terms worse for that country than the Tohoku earthquake – the costliest natural disaster on record – was for Japan in 2011. Almost nothing was insured, so that very few of the people affected were able to obtain prompt financial assistance for the loss of their belongings. Experience has shown that such countries often take years to recover from disasters. The insurance industry therefore needs to promote partnerships with governments and development banks to provide greater assistance to countries like Mozambique, ” said Torsten Jeworrek, member of the Board of Management, Munich Re said
No-Deal EU exit ‘Now a Very Real Prospect’, Says Head of Newly Formed Brexit Cabinet
Chancellor Sajid Javid is ready to release more than 1 billion pounds ($1.2 billion) for planning a no-deal exit, the Financial Times reported on Sunday, noting the new funds add to the 4.2 billion pounds set aside by his predecessor, Philip Hammond.There’s not a clear majority in Parliament for no deal and lawmakers have said they will try to block it. Labour Party leader Jeremy Corbyn said he’s ready for a general election at any time
U.S. slaps $5 billion fine against Facebook, other privacy settlement terms
“Despite repeated promises to its billions of users worldwide that they could control how personal information is shared Facebook undermined consumers’ choices,” said FTC Chairman Joe Simons, a Republican, in a statement.