Aon Securities estimates that overall ILS capital increased to an...
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Beryl makes landfall as Category 4 hurricane on island near Grenada
"This is an extremely dangerous and life-threatening situation,"...
Cyber insurance premiums falling globally, businesses become more adept in curbing their losses, Howden Report
Business interruption is usually the biggest cost following a...
Celebs face up to 3-year ban for misleading ads in new bill
If the Central Consumer Protection Authority (CCPA), proposed to be set up under the bill, is satisfied that an advertisement is false or misleading, it may issue directions to endorsers, advertiser, publisher as well traders and manufacturers to discontinue or modify such an ad.
Android banking Trojan may target Indian banks’ mobile apps: Quick Heal
“Users are advised to avoid downloading apps from third party app stores or links provided in SMSs and emails to keep their credentials safe,” Sanjay Katkar, Joint Managing Director and Chief Technology Officer, Quick Heal Technologies Limited, said in a statement.
Digital economy: Parliamentary panel suggests govt to form law on data privacy
Committee also found it “rather disconcerting” that even as the country moves towards a digital economy, transactional hassles and grievances of users, including ATM frauds such as cloning, have also been increasing manifold. Ordinary customers are then left high and dry, extremely helpless and clueless about the next course of action for a remedy and redressal of grievance,” the report said.
Surging bitcoin price pushes up costs for insurers for ransomware attacks
There’s been “a massive escalation” in both the number of attempts and the size of demands as criminals scramble for the hot cryptocurrency, said Michael Tanenbaum, an executive vice president at Zurich-based Chubb. The rise in price of bitcoin correlates,” he said, , declining to specify total costs. Around midyear, top payouts in corporate ransomware attacks began to exceed $1 million, dwarfing the previous maximum of about $17,000, he said.
2017: Less accidents, more aftershocks for Railways
The ministry adopted a slew of measures to ensure accidents are reduced to a minimum in the coming year – renewal of tracks at a fast pace, use of ultrasonic flaw detection testing of rails, track recording cars and portable oscillation monitoring systems to detect track defects, introduction of train protection and warning system, and development of the Train Collision Avoidance System which is now at the trial stages.
Banks lost nearly Rs 17,000 crore to frauds last fiscal, says FinMin
an inter-disciplinary standing committee on cbyer security has been constituted by the RBI comprising academia, information security audit, forensic and cybersecurity experts.The committee reviews, inter alia, threats inherent in the existing or emerging technology, and suggests appropriate policy interventions.
Government sets up NIC-CERT centre to detect, prevent cyber attacks
“This is establishment of an institution in India’s pursuit of safe and secure cyberspace. Any unusual movement on the NIC network, any attacks, intrusions will be detected and cleaned,” Prasad said.The government has already announced setting up of similar frameworks for the finance and power sectors, he added.
Overall risk professionals salary continues steady climb in US & Canada:RIMS Survey
“63% of risk management professionals in both the US and Canada perform functions in addition to risk management in their organizations”
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Product recall risks growing, technology drives new triggers, warns Allianz
Asia continues to account for a disproportionate number of recalls in the US and Europe, due to historically weaker quality controls in some countries. Chinese manufactured products accounted for over three times as many recall cases in the US as US-made products, largely due to the increasing volume of manufacturing activity shifting to Asia.