General news

Japanese insurer launches remote loss prevention service
With the COVID-19 pandemic preventing professionals from travelling and performing on-site inspections at factories and warehouses, Tokio Marine & Nichido Fire Insurance has decided to offer an online-based remote loss prevention service for corporate clients...
GDR listing of China Pacific Insurance raises US$1.8bn
China Pacific Insurance Group (CPIC) has been successfully listed and commenced trading on the Shanghai segment of the main market of the London Stock Exchange.
Aon bolsters tool to combat cybersecurity threats
With COVID-19 restrictions triggering a rise in businesses implementing work-from-home arrangements, Aon plc has decided to expand the scope of its cyber risk assessment platform, CyQu Enterprise, to address increased cyber vulnerabilities brought about by...
Ransomware incidents spike 25% in Q1
There was a 25% spike in ransomware attacks in the first quarter of 2020 over Q4 2019, according to specialist insurer Beazley. The figure is based on incidents reported to Beazley’s in-house breach response team,...
Employers responsible for remote work injury
Employees injured while working from home must be compensated by employers, Singapore Minister of State for Manpower Zaqy Mohamad said in Parliament on June 04.
China Pacific Insurance gets green light for London listing
China Pacific Insurance is reportedly pushing through with its planned London listing via a Sino-British stock link scheme, despite the volatility in financial markets caused by the COVID-19 pandemic.
Google-branded cyberattacks to target remote workers
Remote workers have been targeted by up to 65,00 Google-branded impersonation attacks, according to a new study from cybersecurity specialist Barracuda Networks. This type of scam, called “spear phishing,” uses branded sites to trick victims...
China insurers be allowed to banks’ debt to equity offerings
The CBIRC, in a policy document issued this week, outlines a set of new rules aimed at bolstering a programme designed to reduce leverage in the economy. Insurance funds, pension funds and qualified retail investors...
Zoom video login details have been hacked
Hackers put more than half a million login details for the teleconferencing app Zoom on the dark web, sale at 1 pence (1.25 cents) each, the Sunday Times newspaper reported.
Hackers exploit COVID-19 crisis
According to Check Point Software, there have been over 4,000 coronavirus-related domains registered globally since January 2020.
What’s in the U.S Coronavirus aid bill?
The U.S. House of Representatives passed a multi-billion dollar aid package early on Saturday that aims to limit the economic damage from the coronavirus pandemic. The Republican-controlled Senate is expected to take it up this...
Biden & Sanders fault U.S outbreak response in debate
Democratic presidential contenders Joe Biden and Bernie Sanders faced off on Sunday in their first one-on-one debate, a key moment before votes in four states on Tuesday. The former vice president and the U.S. senator...
Keep calm and work from home during Coronavirus
Global banks and small investment firms in Europe are urging staff to work from home and curb travel as the financial industry braces for disruption from the rapidly spreading coronavirus outbreak.
World Bank pandemic bond losing value
A World Bank bond designed to deliver funding to help the world’s poorest countries to tackle fast-spreading diseases has lost half its value as the coronavirus outbreak in China has fanned fears that investors could...
Coronavirus could infect two-thirds of world population
As the number of coronavirus cases jumps dramatically in China, a top infectious-disease scientist warns that things could get far worse: Two-thirds of the world’s population could catch it.