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Ransomware attack hits Japan’s biggest port, disrupting cargo shipments

by AIP Online Bureau | Jul 5, 2023 | Eco/Invest/Demography, International News, Risk Management, Technology

The Nagoya port authority said Russia-based ransomware group Lockbit 3.0 was responsible for the hack, Kyodo News reported Wednesday Recent data breaches often involve “double extortion” in which a ransom is demanded for the recovery of stolen information as well as...

by AIP Online Bureau | Jul 5, 2023 | Workplace/Employee Benefits

Data Protection Bill gets Cabinet Nod; to be tabled during Parliament monsoon session

by AIP Online Bureau | Jul 5, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Risk Management, Technology

“In case of disputes, the Data Protection Board will decide. Citizens will have the right to claim compensation by approaching civil court. There are a lot of things that will evolve gradually,” the source said According to the source, individuals will...

French insurers receive $305 million riot claims

by AIP Online Bureau | Jul 5, 2023 | International News, Non-Life, Reinsurance

French employers’ lobby Medef estimated the cost of violence since the police shooting of Nahel, a 17-year-old of North African descent, last Tuesday at more than €1 billion ($1.1 billion), with 200 businesses looted, and 300 bank branches and 250 tobacco stores...

Law firms wooing AI experts as clients demand ‘More for less

by AIP Online Bureau | Jul 5, 2023 | Eco/Invest/Demography, International News, Technology

Legal services are the most vulnerable to ChatGPT-style software, according to a recent University of Pennsylvania study. The widely-accessible technology is particularly suited to time-consuming legal work, because of its ability to instantly analyze large documents,...
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