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DPDP Act 2023: Insuring fines and penalties

DPDP Act 2023: Insuring fines and penalties

by AIP Online Bureau | Jan 9, 2025 | Articles, Eco/Invest/Demography, Non-Life, Policy, Regulation, Reinsurance, Risk Management, Technology

While clarity on insurability of DPDP Act fines from an enforcement standpoint remains to be witnessed, insurance providers can play a vital role in managing risks and supporting businesses in their efforts to comply with data protection regulations The recently...
EU to probe TikTok faces over risks to minors, may pay hefty fines

EU to probe TikTok faces over risks to minors, may pay hefty fines

by AIP Online Bureau | Feb 12, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

The bloc singled out 19 online platforms and search engines last year as large entities worthy of scrutiny and has been quizzing them for information. That includes X, Meta Platforms Inc., Alphabet Inc. and others with more than 45 million monthly active users in...
Zuckerberg’s firms fined $2.8bn for wrongful user data processing in last 4 yrs: Report

Zuckerberg’s firms fined $2.8bn for wrongful user data processing in last 4 yrs: Report

by AIP Online Bureau | Jan 21, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

Mark Zuckerberg, CEO, Facebook “The fines levied on Meta are mainly based on the requirement for companies to store data in the country where it is collected rather than permitting unrestricted movement to global data centres,” the report said New Delhi:...

UK polluters to face unlimited fines to protect environment

by AIP Online Bureau | Jul 13, 2023 | Eco/Invest/Demography, International News, Regulation, Risk Management

“We are scrapping the cap on civil penalties and significantly broadening their scope to target a much wider range of offenses – from breaches of storm overflow permits to the reckless disposal of hazardous waste,” Environment Secretary Thérèse Coffey said Polluters...

Shipowners make payoffs to free vessels held by Indonesian navy near Singapore- sources

by AIP Online Bureau | Nov 14, 2021 | International News, Non-Life

Around 30 ships, including tankers, bulk carriers and a pipeline layer, have been detained by the Indonesian navy in the last three months and the majority have since been released after making payments of $250,000 to $300,000, according to two shipowners and two...

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