Vision is for India to evolve as a ‘fintech nation’ with the...
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Eco-Survey: Banks and insurers must avoid mis-selling and address grievances to keep financial system healthy
Commercial banks and insurance companies, even as they aim to...
Insurers face business interruption claims after global tech outage
"Some cyber insurance policies exclude non-malicious events, and...
Cosmos Bank fraud: NPCI says its systems fully secure
In a release, NPCI said one of its network members has confirmed about a malware based attack on their system which has caused a fraud loss of over Rs 90 crore.
Indian banks inadequately prepared for cyber attacks: Experts
“While there is growing awareness to regularly update an organisation’s cyber preparedness and defence mechanisms, a large number of institutions wake up to this reality only post an incident which often leads to a loss of reputation and/or financial misappropriation,” Nikhil Bedi, Partner, Deloitte India
First Jury in a Roundup Cancer Trial orders Monsanto to pay $289 million
The jury at San Francisco’s Superior Court of California deliberated for three days before finding that Monsanto had failed to warn Johnson and other consumers of the cancer risks posed by its weed killers.
Indian firms lagging on compliance of EU data protection rule: EY
“Law such as EU’s GDPR and India’s draft Personal Data Protection Bill 2018 are bringing tectonic shifts in the world of privacy. Recent cases of data leakage and hacking has brought the impact on privacy, data protection, consumer rights, trust in digital platforms and cybersecurity to the forefront,” Arpinder Singh, Partner and Head for India and Emerging Markets, Forensic and Integrity Services, EY, said
UIDAI plans Aadhaar crash course on risks
UIDAI’s proposed FAQs argue that mere knowledge of Aadhaar cannot harm an individual or be misused for impersonation, as it is fortified with additional security layers like biometrics and OTP (one time password) authentication, making it more secure than other identity documents
Sebi panel recommends seeking powers to tap phone calls
The committee suggested a series of changes in rules on market frauds, insider trading, surveillance and investigations, while recommending mandatory whistleblower policies at listed firms and a searchable list of all immediate relatives and persons living at the same address with those in possession of price-sensitive information
Heavy rains, landslides claim 24 lives in Kerala
Chief Minister Pinarayi Vijayan had described the flood situation in the state as “very grim” and it was for the first time in the history of the state that 24 dams had been opened at a time following the water level reaching maximum capacity.
Merger Deals Now Include #MeToo Sexual Harassment Clauses
“We do market research, search engine and social media assessments to evaluate the reputation of any brand,” Belisle said in an interview. “Doing that helps us to uncover risks and figure out where the opportunities might be for a company.” Gaining that perspective on a brand can give private equity firms an advantage when considering where to invest — and an edge over their peers in a bidding process.
Tests expose risks of Semi-Autonomous driving systems
The Insurance Institute for Highway Safety, in a paper titled “Reality Check,” issued the warning Tuesday after testing five of the systems from Tesla, Mercedes, BMW and Volvo on a track and public roads. The upshot is while they could save your life, the systems can fail under many circumstances.
Major Post-Brexit Risk: UK’s $33.5B of Financial Services Exports to EU
Brexit will mean banks, insurers and asset managers in Britain losing the unfettered access to the bloc’s customers they currently have under EU “passporting” rules