Category:

Risk Management

India Inc faces online bigotry risk,reputational & business risks can pose business continuity risks  

Risk consultancy Kroll Inc. says it’s seeing an “exponential increase” in questions from corporate clients on how to manage the fallout from incidents on social media.“It doesn’t just carry reputational and business risk, it can snowball into business continuity risks that can spread faster than a forest fire,” said Tarun Bhatia, a Mumbai-based managing director at Kroll. “

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Is your smart fridge mining bitcoin for criminals? A guide to cryptojacking

Both Apple and Google have started to ban applications that mine virtual currencies on their devices. But Hron, the Avast researcher, warns that the risk is growing as more everyday devices are connected to the internet – from ovens to home lighting systems – and that these are often the least secure. Hron said that cheaply made Chinese devices were particularly easy to hack.

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Estimating Cyber Risk for the Financial Sector

Taken at face value, they suggest that average annual potential losses from cyber-attacks may be large, close to 9 percent of banks’ net income globally, or around $100 billion. In a severe scenario—in which the frequency of cyber-attacks would be twice as high as in the past with greater contagion— losses could be 2½–3½ times as high as this, or $270 billion to $350 billion.

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