Category:

Technology

Allianz Risk Barometer 2021: Covid-19 trio tops global and Asia Pacific business risks

“The Allianz Risk Barometer 2021 is clearly dominated by the Covid-19 trio of risks. Business interruption, pandemic and cyber are strongly interlinked, demonstrating the growing vulnerabilities of our highly globalized and connected world,” says Joachim Müller, CEO of AGCS.

“The coronavirus pandemic is a reminder that risk management and business continuity management need to further evolve in order to help businesses prepare for, and survive, extreme events. While the pandemic continues to have a firm grip on countries around the world, we also have to ready ourselves for more frequent extreme scenarios, such as a global-scale cloud outage or cyber-attack, natural disasters driven by climate change or even another disease outbreak,” he said.

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AI & IoT have created an urgent need and legislative rigour for comprehensive framework on data protection: Meenakshi Lekhi

Speaking on the data privacy , chairperson of Parliamentary Committee on Data Protection Bill and BJP MP Meenakshi Lekhi , said there are many who are unaware of the kinds of warring systems that exist in the digital ecosystem today. ”When you look around the systems, you see that we are dealing with an unfair system. Unfair not just in India but globally, there is lot of intellectual property theft which is going on right now stealthily, which people may not even know about,” she said.

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Over 22 billion records exposed in data breaches in 2020: Report

One of the overarching themes of the threat landscape in 2020 was that threat actors relied on unpatched vulnerabilities in their attacks as well as chaining together multiple vulnerabilities as part of their attacks.

“Every day, cybersecurity professionals in India and the rest of the world are faced with new challenges and vulnerabilities that can put their organisations at risk,” said Satnam Narang, Staff Research Engineer at Tenable.

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Tata puts post-pandemic bet on digital, electronics and health

N Chandrasekaran, chairman , Tata Group said the adoption of technology and shift in consumer and corporate behaviour will lead to the creation of new and shared workplaces closer to where people live.
“We are very serious about electric vehicles,” Chandra said, adding that Tata is investing in developing clean technology cars at home through Tata Motors and at JLR.

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SCOR partners with CyberCube for developing a cyber risk management tool

Jean-Paul Conoscente, CEO of SCOR P&C, commented,“In line with our Quantum Leap strategic plan, under which we are accelerating our use of new technologies, this partnership with CyberCube is a perfect example of how SCOR leverages data management and analysis capabilities to build its knowledge and deliver optimal service to clients.This integrated Cyber platform is a major development that will enable us to further deepen and broaden our management of this key risk in the future.”

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Toyota settles US probe into delayed emissions defect reports for $180 million

The government said the settlement resolved Toyota’s “systematic, longstanding violations of Clean Air Act emission-related defect reporting requirements, which require manufacturers to report potential defects and recalls affecting vehicle components designed to control emissions.”

Acting U.S. Attorney Audrey Strauss in New York said: “Toyota shut its eyes to the noncompliance, failing to provide proper training, attention, and oversight to its Clean Air Act reporting obligations.”

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