Risk Management

FB awards $1.98mn to researchers for findings bugs in 2020

Facts       Nov 20, 2020

New Delhi:  Facebook awarded over $1.98 million to researchers from more than 50 countries this year for reporting bugs on its platforms and the biggest bug bounty of $80,000 was given for identifying a low impact issue in its Content Delivery Network (CDN). The top...

India losing $10.3 bn in taxes per year due to tax abuse by MNCs, evasion by individuals: Report

Indian News       Nov 20, 2020

New Delhi: India is losing over USD 10.3 billion (about Rs 75,000 crore) in taxes every year owing to global tax abuse by MNCs and evasion by private individuals, a report said on Friday. The State of Tax Justice report said globally countries are losing...

Large Boeing 737 MAX customers signal caution on orders amid COVID-19

International News       Nov 20, 2020

  DUBLIN/CHICAGO: A day after Boeing Co BA.N received approval for its 737 MAX to fly again following a 20-month grounding, its two largest U.S. and European customers signaled caution on their order books as they monitor demand in the midst of the coronavirus pandemic. U.S....

New internet rules to give Pakistan blanket powers of censorship

International News       Nov 20, 2020

ISLAMABAD: Pakistan is all set to roll out new internet rules that critics say will give the government wide powers of censorship after rejecting requests from social media companies for consultation. Muslim-majority Pakistan already has media regulations that adhere to conservative social customs. Last month,...

Union IT and Communications Minister Ravi Shankar Prasad

Will finalise data protection law very soon: Ravi Shankar Prasad

Indian News       Nov 20, 2020

Bengaluru: Union IT and Communications Minister Ravi Shankar Prasad said the government was very keen to promote India as a very big centre of the data economy and would finalise a data protection law very soon. "I'm very keen to promote India as a very...

Aon develops $70mn in alternative capital capacity to transfer systemic cyber risk

International News       Nov 19, 2020

  LONDON: Aon plc has launched a new product with Hudson Structured Capital Management Limited (undertaking its re/insurance business as HSCM Bermuda) to protect insurers and reinsurers against systemic and catastrophic cyber events. Aon and HSCM have already closed the first transaction, a retrocession contract on...

Nasdaq to buy financial fraud detection firm Verafin for $2.75 billion

International News       Nov 19, 2020

Exchange operator Nasdaq Inc said on Thursday it would buy anti-financial crime software firm Verafin for $2.75 billion in cash, significantly expanding its reach in the regulatory technology market.Verafin, founded in 2003, provides more than 2,000 financial institutions in North America a cloud-based platform to...

Roberts to lead Global Renewable Energy biz of Marsh JLT SpecialtyLondon:

International News       Nov 19, 2020

  London: Marsh, the largest global insurance broker and risk adviser, announced the appointment of Hamish Roberts as global renewable energy leader, Marsh JLT Specialty. Effective 1 January, Roberts will continue to be based in London and will report to Andrew George, global head, Energy &...

'Too soon' to let Boeing 737 MAX fly again, say families of Lion Air crash victims

International News       Nov 19, 2020

JAKARTA: Some of the relatives of victims of a fatal Boeing 737 MAX crash in Indonesia have slammed a decision by U.S. aviation authorities to allow the jets to return to the skies, saying the move comes too soon. The U.S. Federal Aviation Administration (FAA)...

India ranks 77 in global bribery risk matrix

Facts       Nov 19, 2020

  New Delhi: India is at 77th position with a score of 45 in a global list that measures business bribery risks of 2020. The list by TRACE, an anti-bribery standard setting organisation, measures business bribery risk in 194 countries, territories, and autonomous and semi-autonomous regions....