A lawyer for the Financial Conduct Authority (FCA), which brought a test case against insurers on behalf of policyholders, said insurers had reached an “extraordinary conclusion” that business losses were largely uncovered during the coronavirus pandemic because of the widespread havoc it has caused.

“(Insurers) are saying: ‘We insure perils but not ones that are going to cost us a huge amount of money. We never contemplated that’. Well, that isn’t an answer,” Colin Edelman, the FCA’s lawyer, told the second day of a four-day appeal, watched by thousands of businesses brought to their knees during the pandemic.

Phishing emails double in run up to Black Friday, Cyber Monday

Nov 17, 2020

A close attention to the language in the email can help users to spot phishiing emails.

“Avoid buying something online using your payment details from a website that does not have secure sockets layer (SSL) encryption installed,” said the report.

Canada promises big fines for companies that breach new privacy law

Nov 17, 2020

The draft law, which must be adopted by Parliament, says Canadians who feel their data has been improperly gathered or shared can turn to the country’s Privacy Commissioner and demand the information be deleted.The law also means businesses would have to be transparent about how they use automated decision-making systems like algorithms and artificial intelligence to make significant recommendations about individuals.

Hyundai faces lawsuit over EV fires as GM launches recall

Nov 17, 2020

Recalls could mean reputational as well as financial damage to Hyundai and other automakers, which are pushing into the EV market to meet tougher emissions regulations and to challenge market leader Tesla Inc TSLA.O. The problems could also dent consumer demand for EVs.

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