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Cyberattack diverts ambulances, cripples patient records at major US health system

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

Cybersecurity experts say ransomware attacks have increased substantially in recent years, especially in the health care sector. Increasingly, ransomware gangs steal data before activating data-scrambling malware that paralyzes networks. The threat of making stolen...

China Construction Bank sued in U.S. over reinsurance fraud losses

by AIP Online Bureau | May 12, 2024 | Banking & Bancassurance, International News, Non-Life, Reinsurance

The bank allowed employees to conspire with Israeli insurance startup Vesttoo Ltd. to sell reinsurance policies that weren’t real, according to a complaint filed late Thursday by the Porch Group in Manhattan federal court. Vesttoo filed for Chapter 11 bankruptcy in...

El Nino to end by June, La Nina seen in second half of 2024, says U.S. forecaster

by AIP Online Bureau | May 9, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

Hot, dry weather in Asia during El Nino last year prompted top rice supplier India to restrict exports following a poor monsoon, while wheat output in No.2 exporter Australia took a hit. But heavier rains in parts of the Americas boosted farm output prospects in...
In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud

In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud

by AIP Online Bureau | May 9, 2024 | International News, Regulation, Risk Management, Technology

Elon Musk,Chief Executive , Tesla Investigators are exploring whether Tesla committed wire fraud, which involves deception in interstate communications, by misleading consumers about its driver-assistance systems, the sources said. They are also examining whether...

US -India collaboration for enhancing global access to affordable medicines

by AIP Online Bureau | May 6, 2024 | Data, Eco/Invest/Demography, International News, Policy

According to the IǪVIA Institute report, India has long been a critical source of affordable medicines for the United States. Ninety percent of all medicines prescribed for Americans are generic, and 47 percent of those prescriptions are filled with products produced...
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