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SMBs that quickly disclose hacking face 40% less financial loss

Nov 28, 2020

“Proactive disclosure can help turn things around in a company’s favour – and it goes beyond just the financial impact. If customers know what happened firsthand, they are likely to maintain their trust in the brand,” said Yana Shevchenko, Senior Product Marketing Manager at the cyber security firm Kaspersky

Surge in cyber attacks on Indian vaccine makers in Oct-Nov: Report

Nov 28, 2020

In October, a total of 54,34,825 and in November (till now), a total 16,43,169 number of cyber-attack events have been identified on the network.

According to the report, exposed systems that are unmonitored and facing the Internet are the most attacked system for the attackers.

IRDAI approves swap of Mitsui Sumitomo’s Max Life stake with its listed parent

Nov 28, 2020

MFSL will now proceed for the implementation of the share swap transaction, which will entail swapping by MSI of its 20.57% stake in Max Life with a 21.87% stake in MFSL by way of issue and allotment of 7,54,58,088 equity shares of Rs. 2/- each at a price of Rs. 565.11 per equity share on a preferential allotment basis.

The share swap transaction will effectively result in MFSL’s stake in Max Life increasing to 93.10%. Presently, MFSL holds a 72.5% stake in Max Life and MSI owns 25.5% stake.

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