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Infographic Of The Day: The Biggest Business Risks In 2021

Infographic Of The Day: The Biggest Business Risks In 2021
econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.

The Biggest Business Risks in 2021 – Investment Watch

The Biggest Business Risks in 2021 – Investment Watch
investmentwatchblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentwatchblog.com Daily Mail and Mail on Sunday newspapers.

Allianz Nigeria unveils COVID-19 cover for travellers

Allianz Nigeria unveils COVID-19 cover for travellers The underwriter also said the National Insurance Commission had approved the new cover. It said in a statement on Sunday that the introduction of the product followed the announcement of the Allianz Risk Barometer 2021results which was clearly dominated by the COVID-19 risks. The risks were business interruption, COVID-19 pandemic and cyber incidents. “All the risks are strongly interlinked, demonstrating the growing vulnerabilities of our highly globalised and connected world,” it stated. Allianz Nigeria said it now offered travelling customers protection against emergency medical expenses associated with COVID-19 diagnosis while on a trip.

SEA businesses exposed to highest rate of data breaches globally

SEA businesses exposed to highest rate of data breaches globally By May 6 was World Password Day, reminding everyone that their logins need to be frequently updated to maintain a high level of security and evade the attention of malicious parties, looking for vulnerable systems to exploit. It also reminds that users are by far the most common reason that data breaches occur, as endpoints and identity access credentials including passwords are frequently the means by which hackers gain access to the organization’s sensitive data. In Southeast Asia (SEA) – considered the fastest-growing region in the world with burgeoning economies like Indonesia, Singapore, Vietnam, Malaysia, Thailand, and the Philippines – reported incidences of data breaches have shot up exponentially in the past year, marking the region for the biggest increase in reported data breaches worldwide.

Covid Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz

Covid Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz May 6, 2021 Covid-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. However, financial institutions are also facing many other risks in the areas of cyber, climate, compliance and corporate culture, according to a report, Financial Services Risk Trends: An Insurer’s Perspective, from Allianz Global Corporate & Specialty (AGCS). An AGCS analysis of €870 million ($1 billion) of insurance industry claims in the financial sector shows cyber incidents, including crime, is the top cause of loss. Insurers see a rising number of losses from outages or privacy breaches with third-party service providers a potential weak link.

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