Risk Management

DGCA found safety management system of 5 airlines deficient: Govt

Indian News       Jul 17, 2019

  NEW DELHI: Aviation regulator DGCA has conducted safety audits of Air India Express, SpiceJet, AirAsia, IndiGo and GoAir and it found the implementation of their safety management system "to be deficient", the government informed Rajya Sabha Wednesday.   Civil Aviation Minister Hardeep Singh Puri said the...

More than one in 10 firms losing over $10 million due to cyberattacks:Willis Towers Watson

International News       Jul 17, 2019

  ASIA: Annual losses from cyberattacks averaged $4.7 million in the last fiscal year — with more than one in 10 firms losing over $10 million —according to a new report from   The Cybersecurity Imperative, a global thought leadership program produced by independent researcher ESI ThoughtLab...

Financial world’s blockchain euphoria gives way to pragmatism as projects stall

International News       Jul 17, 2019

Two years ago Nasdaq Inc. and Citigroup Inc. announced a new blockchain system they said would make payments of private securities transactions more efficient. Nasdaq Chief Executive Adena Friedman called it “a milestone in the global financial sector.”   But the companies did not move forward...

Shipping firms begin hiring unarmed guards for voyages in Middle East Gulf

International News       Jul 17, 2019

Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard after a wave of attacks in the region, security companies involved said.   Relations between Iran and the West are increasingly strained after Britain seized an Iranian tanker...

Harvard University invests in Litigation Finance Fund

International News       Jul 16, 2019

Harvard University is committing more capital to a strategy that backs plaintiffs in commercial disputes, delivering robust uncorrelated returns.   The strategy is run by IMF Bentham Ltd., a publicly traded company which last week finished raising $500 million for a fifth litigation fund that will...

Indian IT managers facing budget crunch for cybersecurity

Indian News       Jul 15, 2019

  Mumbai: Most Indian IT managers are struggling to respond to cybersecurity due to severe budget crunch, lack of expertise and up to date technology, a new survey said on Monday.   Over 80 per cent Indian IT managers said their organisation's cybersecurity budget - including people/technology...

Facebook to pay $5 billion fine for privacy violations 

International News       Jul 13, 2019

  WASHINGTON: The US Federal Trade Commission (FTC) approved a settlement involving about $5 billion with Facebook over its probe into the tech giant's privacy violations, a media report said on Friday.    FTC commissioners voted by 3-2 with Republicans in support and Democrats in opposition to...

Safety lapses found in IndiGo, DGCA issues notice to 4 executives: Report

Indian News       Jul 12, 2019

   New Delhi: Four senior executives of IndiGo airline were issued show cause notices Friday by the DGCA after a special audit team of the aviation regulator found safety lapses, according to sources privy to the development. The Directorate General of Civil Aviation (DGCA) carried out...

India Inc flags Water-risks

Indian News       Jul 12, 2019

  India’s steelmakers, more accustomed to securing raw materials such as iron ore and coal, are keeping another key resource in their sights: water.    Two of India’s biggest steelmakers — JSW Steel Ltd. and Tata Steel Ltd. — and metal producer Vedanta have flagged risks due...

Govt defines child pornography, brings digital or computer generated content under WCD Ministry

Indian News       Jul 11, 2019

   New Delhi: Any sexually explicit digital or computer generated content involving children will come under the purview of "child pornography", according to a new definition proposed by the government in a bid to convey the message of zero tolerance towards it. In the proposed changes...

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