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Rising AI-driven cyber attacks and geopolitical tensions shaping APAC cyber risk landscape, Aon study

Rising AI-driven cyber attacks and geopolitical tensions shaping APAC cyber risk landscape, Aon study

by AIP Online Bureau | Jul 15, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

“In 2025, global and regional geostrategic tensions remain a key driver of cyber risk for companies in APAC. This trend is likely to accelerate with nation-state-backed threat actors continuing to employ cyber campaigns to facilitate conflicts or instigate...
Zurich Insurance to buy Canadian cyber risk management firm BOXX Insurance

Zurich Insurance to buy Canadian cyber risk management firm BOXX Insurance

by AIP Online Bureau | Jul 3, 2025 | Intermediaries, Non-Life, Risk Management, Technology

“BOXX’s digital-first, service-led approach will help us further enhance customer engagement and provide integrated solutions that make people’s everyday life easier,” Cara Morton, CEO Zurich Global Ventures said in the statement. Zurich Insurance Group AG agreed to...
Indian companies paid Rs4 crore on average for cyber attack demands: Report

Indian companies paid Rs4 crore on average for cyber attack demands: Report

by AIP Online Bureau | Jul 2, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Technology

According to the State of Ransomware in India 2025 report, the median payout towards ransom was USD 481,636 (about Rs 4 crore), down 79 per cent from the previous year. New Delhi: UK-based cybersecurity firm Sophos on Wednesday claimed that 53 per cent of Indian...
Iran-Israel conflict: Re/insurers face complex set of financial, operational, and strategic risks

Iran-Israel conflict: Re/insurers face complex set of financial, operational, and strategic risks

by AIP Online Bureau | Jun 24, 2025 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

The Iran-Israel conflict is, in many ways, a stark reminder of the insurance industry’s evolving role as an absorber of geopolitical and systemic risk in an increasingly interconnected world, says Morningstar DBRS, a global credit rating agency The hostilities...
RBI to continue with supervisory measures for early risk identification

RBI to continue with supervisory measures for early risk identification

by AIP Online Bureau | May 29, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

The central bank would also focus on enhancing cyber resilience and capabilities of Supervised Entities (SEs) by implementing the recommendations of the inter-regulatory Working Group, which has uniform baseline cybersecurity guidelines for financial entities, RBI...
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