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Australia’s Optus hit with class action over cybersecurity breach

by AIP Online Bureau | Apr 21, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

The class action members want compensation for the time and money required to replace identity documents and for distress, frustration and disappointment caused by the breach. The release did not specify an amount. Claimants include a stalking victim who fears her...

Cybersecurity nightmare in Japan can pose global risks

by AIP Online Bureau | Apr 19, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

The country produces about 80% of fine chemicals for electronics and dominates the global supply of photoresist, a light-sensitive material that’s used in making semiconductor chips, according to Ulrike Schaede, professor of Japanese Business at the School of Global...
Sebi puts in place cybersecurity framework for portfolio managers

Sebi puts in place cybersecurity framework for portfolio managers

by AIP Online Bureau | Mar 29, 2023 | Indian News, Regulation, Risk Management, Technology

Accordingly, all portfolio managers with asset under management of Rs 3,000 crore or more, under discretionary and non-discretionary portfolio management service taken together, as on the last date of the previous calendar month will comply with the provisions of...
France bans TikTok from govt devices amid cybersecurity risks

France bans TikTok from govt devices amid cybersecurity risks

by AIP Online Bureau | Mar 26, 2023 | International News, Risk Management, Technology

The ban brings the France in line with UK, the US, Canada and the European Union (EU) and also India – which banned TikTok entirely from the country, even as the company strongly denies sharing user data with the Chinese government. TikTok is bound by China’s...

Just 24 pc of companies surveyed in India ready to defend cybersecurity threats: Cisco study

by AIP Online Bureau | Mar 21, 2023 | Facts, Non-Life, Risk Management, Technology

”Cybersecurity is a top priority for businesses as they continue their digitisation journey. With hybrid work becoming mainstay and services being application-driven, it is critical that organisations close the security readiness gap,” Samir Mishra,...
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