According to new research by Garner, twice as many compliance leaders have identified third-party risk as a top threat, as compared to last year. The fundamental nature of third-party risk has changed, leading companies to experience greater variability in the maturity of their third-party network, these third-parties working with an increasing number of third-parties themselves and increased third-party access to organizational assets.
Businesses and organisations paid nearly 2% more in 2018 than they did in 2017 to cover the total cost of risk (TCOR), according to the 2019 Risk and Insurance Management Society (RIMS) benchmark survey.
A recent study by IT major Cisco has said that India was the most attacked nation in the IoT space during the last quarter, with financial services and transportation sectors seeing the highest number of breaches.
Linkages between China's banks and insurers are strengthening, with major banks set to raise large amounts of capital over the next 18 months, notes S&P Global Ratings. Insurers are natural buyers of the banks' capital instruments, which offer yield, duration, and supportive regulatory settings.
A United Nations (UN) report on effects of climate change says dietary changes, featuring plant-based foods and sustainable animal-sourced food, could free up land and cut emissions. It says global meat consumption must fall to curb global warming, reduce growing strains on land and water and improve food security, health and biodiversity.
Security researchers have discovered a flaw that would allow databases to become compromised and inflict malicious code on devices running iOS, Android, and more.
The immediate danger from militarized artificial intelligence isn't hordes of killer robots, nor the exponential pace of a new arms race.
Designed to protect Malaysian businesses from cyber risks proliferating in the ASEAN region, 'Cyber SafeGuard' is a new insurance product introduced by MSIG Malaysia in collaboration with cyber insurance specialist MS Amlin. Both insurers are members of the MS&AD Insurance Group, considered as one of the largest general insurance groups in the world.
If the US continues to raise a wall of tariffs on Chinese goods in the coming months and China responds, expect a global recession in three quarters, investment bank Morgan Stanley has said.
Nanyang Technological University (NTU) Singapore and the ASEAN Secretariat have launched a three year disaster risk reduction plan that aims to strengthen the financial resiliency of ASEAN member states in the face of natural disasters.