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Allianz Risk Barometer 2026: Cyber remains top business risk but AI fastest riser at no 2 in Asia Pacific
"Following the volatility and uncertainty of 2025, businesses...
Narayana Murthy backed general insurer Acko plans $350 million IPO
The IPO, which may include a mix of primary shares and secondary...
59% of Indian companies suffered financial fraud in 24 months, PwC report
Puneet Garkhel, Partner and Leader, Forensic Services, PwC India, commented, 'In our 2022 survey, customer fraud led the list, reported by 47 per cent of companies. However, this year's findings reveal a shift with procurement fraud now emerging as the primary...
US Cyber market-Extortion activity likely reached an all-time high in 2023, says Tokio Marine HCC
In 2024, premium rate change in the US cyber insurance market has fallen to below zero, marking the onset of a soft market. While premium growth stagnated, so did loss ratios, with a 3-point reduction in cyber market loss ratio to 41.6%. Houston, TX: Annual 2024 US...
Hemant Nagpal to head Gallagher Re’s APAC Analytics, Rohan Bhappu to join Howden Asia
Gallagher Re has appointed Hemant Nagpal, an insider, as its head of Analytics, Asia Pacific, with a focus on driving our analytics strategy for the region. Darren Murch will become deputy head of Analytics, Asia Pacific, working closely with Hemant to support the...
Meta Hit with 251M Euro Fine for Facebook Data Breach
Ireland’s Data Protection Commission issued the penalties after wrapping up its inquiry into the breach, when hackers gained access to user accounts by exploiting bugs in the platform’s code that allowed them to steal digital keys, known as “access tokens.” LONDON:...
AIIMS, CSIR to collaborate for research in healthcare, emerging technologies
“This partnership will pave the way for significant breakthroughs in research, contributing to patient care and scientific progress in the country,” said Dr. Vinay Nandicoori, Director of CSIR-CCMB New Delhi: All India Institute of Medical Sciences (AIIMS), New Delhi,...
Security vulnerabilities hinder AI adoption in India, reveals Deloitte report
"…about 92 per cent of Indian executives identify security vulnerabilities, including hacking and cyber threats, as a primary concern in AI adoption, while 91 per cent express significant concern about the privacy risks related to sensitive data in AI usage New Delhi:...
Beazley appoints Alessandro Lezzi as Group Head of Cyber Risks
Beazley, a leading specialty insurer, has today announced Alessandro Lezzi as Group Head of Cyber Risks, reporting to Paul Bantick, Group Chief Underwriting Officer, Beazley. Alessandro Lezzi has an outstanding track record of success in cyber insurance having been...
India and UK to collaborate on developing financial regulations
Participants from India and UK touched upon reforms in respective financial services sectors including capital markets, insurance & reinsurance, pensions, FinTech, sustainable finance and International Financial Services Centre GIFT City/Gujarat: The 3rd India –...
E-commerce to adopt Safety Pledge to protect online consumers on Dec 24
With India projected to have 500 million online shoppers by 2030 and currently hosting 880 million internet users, the initiative addresses critical challenges in the rapidly expanding e-commerce landscape. The pledge requires platforms to cooperate with statutory...
Meta outage hit Facebook Instagram WhatsApp
Meta’s outage is a timely reminder of the need to engineer critical systems to maximise their reliability, including minimising central points of failure and employing engineering principles like fault isolation Melbourne: A major outage is affecting users of popular...