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Global cybercrime cost increased 12x faster than total cybersecurity spending: Report

Global cybercrime cost increased 12x faster than total cybersecurity spending: Report

by AIP Online Bureau | May 22, 2024 | Data, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology

Cyber attacks, including ransomware, data breaches, cyber espionage, and phishing, will inflict damages totalling $9.2 trillion in 2024, $1.1 trillion more than last year and a shocking 972 per cent more than six years ago New Delhi: As organisations continue to spend...

Losses from “grey zone” action prompt preparedness, cos expand political risk management capabilities: WTW report

by AIP Online Bureau | May 22, 2024 | Workplace/Employee Benefits

Partly as a result of disruptions in the Red Sea, state-sponsored supply chain disruption appears as one of the main business concerns for 2024 and ‘grey zone aggression’, meaning any action used to weaken a country by any means short of war, has reached the top 10...

Warburg Pincus, Temasek buy insurance services firm SRG in £1 Billion Deal

by AIP Online Bureau | May 22, 2024 | Workplace/Employee Benefits

The deal also comes amid increasing consolidation in the insurance space. Insurance giant Aviva Plc said this year that it would buy specialist insurer Probitas for £242 million. Over the past decade, larger insurers such as Catlin, Amlin and Novae have also been...
Oil shipments at risk from rising sea levels, think tank warns

Oil shipments at risk from rising sea levels, think tank warns

by AIP Online Bureau | May 22, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management

It said 12 out of the top 15 tanker terminals were expected to be impacted by one meter of sea level rise, including five based in Asia. Up to 42% of global crude oil exports from Saudi Arabia, Russia, the United States and the United Arab Emirates were at risk,...
Canada plans harsher laws, equipment bans to fight car theft

Canada plans harsher laws, equipment bans to fight car theft

by AIP Online Bureau | May 22, 2024 | International News, Policy, Risk Management, Technology

Canadian car thefts were a C$1.2-billion ($880 million) “gift” to organized crime in 2022, Brampton Mayor Patrick Brown said at the event Monday Canada’s government is banning key-programming machines and other equipment used to steal cars, while implementing harsher...
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