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MSMEs vulnerable to cyber threats with growing digitalisation: Officials
There is a need to equip these businesses with knowledge and hands-on training on how to identify and combat these threats, and, become more cyber-resilient, Union MSME ministry’s director SK Sahoo said.
Cyber security remains an “area of serious concern” for the MSMEs, and the vulnerabilities of these businesses stem from several factors such as “lack of understanding of cyber security risks, less prioritisation for safety and limited capital allocation, he said in a workshop here.
Govt will mandate flex-fuel engines in vehicles in next 3-4 months: Gadkari
“I am going to issue an order in the next three to four months, in which carmakers – from BMW, Mercedes to TATA and Mahindra – will be asked to make flex engines,” he said.
Gadkari said he has asked Bajaj and TVS companies to introduce flex engines in their vehicles, and also instructed them not to approach him until and unless they do so.
Digital cos’ data hegemony may lead to ‘attention economy’, says CCI chief
While noting that rapid changes are happening in markets, which are increasingly shifting towards a digital platform-centric configuration,Competition Commission chief Ashok Kumar Gupta also pointed out that these platform markets are by their very nature “winner-takes-all or winner-takes-most”.
“Network effects, access to large amounts of data, economies of scale and scope, induced behavioural biases among consumers etc., in digital markets, may heighten market concentration and result in the creation of impermeable entry barriers,” Gupta said.
No plans to bring standard products for cyber liability insurance policy as of now: Member Irdai
International
Miller modernises yacht insurance with innovative quote and bind platform
“We have been working with clients and underwriters for some time to address the cost and time inefficiencies of yacht business. With 24/7 access from anywhere in the world and an innovative, simple and quick declaration, quote and bind process, Atlantic provides a solution to these issues” said Aaron Jago, who leads Miller’s yacht practice.
Countries facing pressure to loosen virus restrictions
Some European nations have started tentative moves to ease their shutdowns. Hard-hit Spain, which on Sunday reported its lowest daily growth in infections in three weeks, will allow workers in some nonessential industries to return to factories and construction sites Monday.
South Korea’s caseload has slowed from early March, when it was reporting around 500 new cases a day, but officials have warned of a broader quiet spread, pointing to transmissions at locations such as bars that may indicate eased attitudes toward social distancing.
ADB triples financial aid for members to $20 billion to fight virus
French insurers in talks to jointly invest 1 bln euros to help small businesses during coronavirus
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