Assam, which grapples with annual floods caused by the Brahmaputra...
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Budget 2024-25: FM announces 9 priorities
Presenting her seventh straight budget, Sitharaman said the...
Somali piracy revives sharply after yrs of quiet
There were eight acts of piracy and hijackings in the first half of...
Indian companies get over 5 lakh security alerts daily but 39% go unattended: Cisco
The report found that India witnessed the second highest instances of “legitimate threats” in the Asia-Pacific region (44 percent), behind Australia (65 percent).
Marsh & McLennan to buy UK broker JLT for $5.7 billion
“ The complementary fit between our companies creates a platform to deliver exceptional service to clients and opportunities for our colleagues. ” said Dan Glaser, President and Chief Executive Officer of MMC.
Both the re/insurnace brokers have operations in India in the form of joint ventures. JLT hold 49 per cent in the local venture while Marsh, has stakes of 26 per cent in the Indian company. Marsh is the largest re/insurer broker in India.
Over 60% of insurance experts expect higher cyber-related losses over next 12 months:Willis
Anthony Dagostino, Global Head of Cyber Risk Solutions, Willis Towers Watson said: “The insurance market considers ‘silent cyber’, or cyber-related losses under policies where cyber risk isn’t specifically included, to be a far greater risk than ever before.
Philippines channels India with ID system to get poorest on map
The aim is to replicate the success of India’s biometric ID program, the largest in the world, which has enrolled about 1.2 billion people since its launch in 2009. Known as Aadhaar, or foundation, the ID is used for everything from opening a bank account to registering a marriage.
Govt deactivating identification numbers of 2.1 mn directors over KYC norms
Last year, the ministry had disqualified more than 300,000 persons from holding directorship at registered companies amid the fight against illicit fund flows. These individuals were directors at firms that were not carrying out business activities for a long time.
Over 55,000 thefts reported in trains in last 3.5 years: Railways data
In 2017, 18,936 cases of luggage theft were reported along with 415 robberies. A total of 27 dacoities took place inside trains and 155 passengers were robbed after being sedated. The police arrested 3,898 people.
Govt policies pose biggest risk to India Inc in next 3 years: Deloitte
Cyber security will take the lead with 36 per cent amongst the top three risks for businesses, followed by technology disruption risk with 33 per cent and regulatory risks at 31 per cent.
RBI imposes Rs 10 mn fine on Union Bank for delay in fraud detection
“This is to inform that Reserve Bank has imposed a penalty of Rs 10 million on the bank for delay in detection and reporting of fraud. The penalty has been imposed in exercise of powers vested in RBI under …Banking Regulation Act,” Union Bank of India said in a regulatory filing Friday.
British Airways cyber attack: 380,000 customers hit, carrier ‘deeply sorry’
Around 380,000 card payments were compromised, the airline said, with hackers obtaining names, street and email addresses, credit card numbers, expiry dates and security codes – sufficient information to steal from accounts.
Accident report confirms Apple still in Autonomous Car race
Apple executives have never publicly spoken about the company’s self-driving car program, but filings in a criminal court case last month confirmed that the company had at least 5,000 employees working on the project and that it was working on circuit boards and a “proprietary chip” related to self-driving cars.