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Indian
Differences emerge between lenders, advisors over resolution plan options for RCL; lenders meet on Tue
Deloitte, the process advisor of Reliance Capital Ltd (RCL)...
Foreign investors upgrade India as dedicated allocation in their portfolios
Domestic investors are moving their low-interest rate fixed...
Safdarjung Hospital reports cyberattack but not ransomware; AIIMS server down for 11th day
Medical Superintendent Safdarjung Hospital Dr BL Sherwal said,...
Govt mulls exempting early stage startups from data protection bill provisions
The draft DPDP has proposed exemption only for government notified...
International
Remote work leads to massive surge in hacking globally: Report
Among Financial and insurance industries, 83 per cent of data compromised in breaches was personal data, while in Professional, Scientific and Technical services industries only 49 per cent was personal.
“As the number of companies switching business-critical functions to the cloud increases, the potential threat to their operations may become more pronounced, as malicious actors look to exploit human vulnerabilities and leverage an increased dependency on digital infrastructures” said Tami Erwin, CEO, Verizon Business, in a statement. .
Colonial Pipeline has cyber insurance policy, paid hackers nearly $5 Million in ransom
The cover was for at least $15 million.
Cyber insurance typically covers ransom payments and insurers often provide staff to negotiate with the hackers, in addition to IT and public relations services.
Swiss Re CEO Christian Mumenthaler argues that the private insurance market is simply not large enough to offer full cyber protection to vulnerable organisations, due to the systemic nature of cyber risk.
He observed that the cyber insurance market is currently worth around $5.5 billion in premium, compared to “gigantic” yearly losses that extend into the hundreds of billions of dollars.
Gig-economy riders in Spain must become staff within 90 days under new rule
The decree, which was agreed on with trade unions and business associations, aims to clarify the legal situation of thousands of riders after Spain’s Supreme Court ruled last year that companies must hire them as employees.
A debate on how to regulate workers’ rights in the gig economy is unfolding globally. The European Commission has opened a public consultation period on potential EU-wide rules.
U.K. cyber spies took down 15-times more scams in Pandemic
The COVID-19 pandemic led to a surge in malicious hacking and phishing attempts globally as fraudsters took advantage of more people working from home, which led to weaknesses in corporate security and fears about the virus that led people to click on links purporting to have information about the disease.
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