“I’m sure the regulators globally are looking at this. There is...
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CrowdStrike Crisis: Negotiating ‘Blue Screen of Death’ (BSOD) loop
Clear understanding and documentation of cyber insurance policies...
All airport operators to conduct third party audit of structural stability of buildings
"All the airport operators have also been directed to carry out a...
HDFC ERGO launches Cyber Cover for individuals
The sum assured for the cover ranges from Rs 50,000 to Rs 1 crore.The policy aims at providing comprehensive protection to individuals and their families against any cyber- attacks, cyber frauds or digital threats that could lead to a financial loss and or reputational loss.
Ten Years After Lehman—Lessons Learned and Challenges Ahead
We are now facing new, post-crisis, fault lines—from the potential rollback of financial regulation, to the fallout from excessive inequality, to protectionism and inward-looking policies, to rising global imbalances.
Are notes in your pocket making you sick?Traders body wants FM to investigate
The traders’ body quoted findings from various studies which claimed the notes were contaminated with disease causing pathogens and warned of their potential to transmit several diseases including urinary and respiratory tract infections, septicaemia, skin infections, recurrent meningitis, toxic shock syndrome and a variety of gastro-intestinal diseases.
Govt mulls action against India heads of social media on fake news
During recent meetings with the representatives of the Twitter India, Facebook, WhatsApp and Youtube, the government officials made it clear that the social media platforms have to comply with the directives without delay, and if not done, action under law would be initiated against them.
Marine blockchain platform goes live
Blockchain technology can be applied to risk management and insurance across diverse business sectors such as telecommunications, defence, and aerospace, among many others. One of our clients, for example, has approached us about developing a blockchain for its global property insurance programme
Why Organizations Cover Up Sex Abuse Scandals
James Campbell Quick, a University of Texas professor who has studied sexual harassment in the workplace, says large institutions commonly encounter such problems. What matters, he says, is how they’re tackled by the leadership.
International risk management body PREMIA launches India chapter
“A gap in accounting skills do exist after the adoption of Core Banking Solutions by the Indian banks. This skill gap may lead to a fraud in a bank by a particular employee who understands the system better than others. There are few recent instances of big frauds happening due to this ethics deficit and the knowledge of few ethical staff members bringing these frauds into light, Rabi N Mishra, Principal General Manager, Reserve Bank of India
Govt to make it mandatory for unlisted cos to issue shares in demat form
According to the officials, having shares in the dematerialised form would also bolster the Know Your Client (KYC) framework for unlisted companies and prevent instances such as pledging of duplicate shares.
Finance Ministry asks PSU bank CEOs to check frauds in NPAs or face penal action
More than a dozen companies undergoing bankruptcy resolution are being reviewed by banks and investigating agencies for fraudulent activities including diversion of funds
Catastrophes cause global economic losses of $36 bn in H1 2018
Total global economic losses from disasters in H1 2018 were USD 36 billion, significantly down from USD 64 billion in
H1 2017 and well below average Global insured losses from disasters were USD 20 billion in H1 2018, down from USD 30 billion in H1 2017