The extension of Component II of the RELIEF (Resilience &...
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Risk Management
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AI could unlock USD 2.52 trillion in annual global economic value, rising costs pose risk: McKinsey
The research identified financial services as the sector with the...
Meta sued in Australian class action over alleged social media harm to children
The lawsuit, filed in the Federal Court, Australia’s...
Hydropower Risks: Mapping interdependencies and building resilience
From an insurance perspective, events such as recent floods in South Asia reinforce the need for a forward-looking approach to risk assessment. Historical loss data remains important, but should be complemented by climate science, catastrophe modelling, engineering...
British Columbia sues OpenAI in US court over Canada school shooting
The filing says it seeks to hold the company “accountable for designing a dangerous product, distributing it to every home with internet access, ignoring the warnings of their own safety team, refusing to notify authorities when they knew the shooter was planning gun...
EU to require data centres to disclose energy and water efficiency
To attempt to incentivise companies to build more energy- and water-efficient data centers, the Commission has proposed a rating scheme for facilities, to make this information more transparent. Australia’s state of Victoria has banned the construction of data centers...
From smart glasses to AI pins, privacy fears challenge tech’s next big bet
The backlash against devices that can see, hear and respond to the world around them has been strongest against Meta’s Ray-Bans, which made smart glasses mainstream by pairing EssilorLuxottica’s trendy designs with AI from the social media giant chasing “personal...
Aon appoints Jane Drummond as global chief commercial officer
Jane Drummond, global chief commercial officer-designate Currently, Jane Drummond serves as chief commercial officer of Asia-Pacific, working with sales leaders and country CEOs to drive new business, strengthen strategic client relationships and enhance commercial...
AI fuels 440% surge in hackers using Blockchains in attacks
The findings add to evidence of generative AI contributing to a boom in cyber threats by spotting more software vulnerabilities and allowing cybercriminals to carry out more attacks. In crypto, the number of hacks rose roughly 150% to 207 in the first half of the...
New US sanctions bill on Russia puts India in a bind
"Tariffs of up to 100% would punish Indian exporters and American consumers, disrupt trade and give the US president excessive power over major partners," said Ajay Srivastava, founder of New Delhi-based think tank Global Trade Research Initiative and a former trade...
Power Assets: AI and data centre growth drive insurance demand across Asia
Lyo Foo, Head of Power, Natural Resources Asia, at Willis said, “AI and data centre growth are making reliable power a strategic asset across Asia. As large, concentrated loads expand, risk can no longer be assessed in silos: generation, grids, cooling, water,cyber,...
Gemini hacked three companies in first known breakout by Google’s AI
The hacks occurred in May during a cybersecurity test conducted by Irregular, an independent company that conducts cybersecurity evaluations.During a standard testing evaluation, Gemini found public information online and guessed credentials to access three websites...
Hong Kong sets out initiatives to secure long-term development of pillar industries
"We will consolidate and enhance Hong Kong's status as an international financial centre, and stay committed to our global positioning," Hong Kong's Chief Executive John Lee said Hong Kong: Hong Kong's Chief Executive John Lee rolled out various measures to develop...