Fed Chair Jerome Powell While Fed officials are wary of any actions...
Category:
Risk Management
Latest
Spain fines Booking.com $448 million for abusing dominant position
Booking Holdings intends to appeal the fines as it strongly...
Ransomware attack forces hundreds of small Indian banks offline, sources say
The attack affected C-Edge Technologies, a provider of banking...
Industry executives see blockchain becoming disruptive force in auto sector: Study
By overcoming constraints of technical challenges of storing, processing, sharing and analysing data, blockchain can shift information paradigm from error-prone to value-add
10 global re/insurers refuse cover to Adani Group’s $16.5bn Australian coal mine
A campaign by 73 prominent environmental organizations,which collectively represent 76 million members, penned a letter to 30 global re/insurance companies earlier this month urging them to rule out any providing any services for the controversial coal mine and its associated rail project
Indian regulator orders J&J to stop using raw material to make Baby Powder in India
“All talc in India is sourced and exclusively sold in India and surrounding markets – including Sri Lanka, Bangladesh, Nepal, Bhutan, Maldives – and fully meets the regulatory standards of the Government of India,” the company said in an emailed statement.J&J also said its talc is routinely tested by both suppliers and independent labs to ensure that it is free of asbestos.
China hacked Hewlett Packard Enterprise, IBM and then attacked clients
Businesses and governments are increasingly looking to technology companies known as managed service providers (MSPs) to remotely manage their information technology operations, including servers, storage, networking and help-desk support
MHA authorises 10 central agencies to access any computer resource
According to the order, the person who the computer belongs to will have to provide access and technical assistance to the aforementioned agencies. If they fail, there will be a punishment of up to seven years. Home Secretary Rajiv Gauba has issued the order.According to Section 69(1) of the Information Technology Act, 2000, central or state governments allow agencies to intercept, monitor or decrypt any information generated, transmitted, received or stored in any computer resource
J&J loses motion to overturn $4.7 billion talc-ovarian cancer verdict
Surendranath Sai, a regional drug officer in the southern state of Telangana, on Wednesday said he had instructed inspectors to seize samples there.
“On the basis of the news report, we are alerting staff to pick up samples. We will test them in a drug control lab here,” said Sai. “We will take action accordingly. Certainly we are worried because millions of babies may be affected.”
Cryptocurrency industry faces insurance hurdle to mainstream ambitions
“Most institutionally minded crypto firms want to buy proper insurance, and in many cases, getting adequate insurance coverage is a regulatory or legal requirement,” said Henri Arslanian, PwC fintech & crypto leader for Asia.
Marriott Breach losses to be between $200 mn and $600 mn:AIR
“AIR’s new probabilistic security breach model shows that this type of event is not unprecedented, even though an event of this magnitude hasn’t previously happened to a hotel chain,” said Scott Stransky, assistant vice president and director of emerging risk modeling, AIR Worldwide.
“In fact, the largest recorded breach for a U.S.-based hotel chain prior to this event was less than 1/50 the size in terms of the number of records stolen. There are more than 300 simulated events in our model that cause higher losses for U.S.-based hotels.”
Lok Sabha passes Consumer Protection Bill, 2018, provides for Product Liability action
The bill states that “any manufacturer or service provider who causes a false or misleading advertisement to be made which is prejudicial to the interest of the consumers shall be punished with imprisonment for a term which may extend to two years and with fine which may extend up to 10 lakh rupees.”Further offences may lead to a jail term of 10 years and a fine of up to Rs 50 lakh.
Facebook users need Rs 70,000 to deactivate account for one year
“Social media, and the internet more broadly, have changed the way we live and the way we keep in touch with friends and family, but it’s hard to find evidence that the internet has made us richer or more productive at work,” said Jay Corrigan, a professor at Kenyon College in the US.We know people must derive tremendous value from Facebook or they wouldn’t spend millions of hours on the site every day. The challenge is how to put a dollar value on a service people don’t pay for,” Corrigan said