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News in Short

News in Short - 22-April-2019

SBI Insurance launches cyber defence insurance

Date: 22 April 2019 Tags: Financial Institutions
  • SBI General Insurance has launched its new product – cyber defence insurance to protect businesses from financial and reputational losses due to cyber attacks.
  • It will offer protection against growing threat of cyber breaches like hacking attacks, identity theft, disclosure of sensitive information and business interruption.
  • It also, provides IT forensic investigations, legal advice, reputational and PR management.SBI General Insurance’s (SBIG) Cyber Defense comes with CyRUSS (Cyber Risk Underwriting & Solution Suite) which is a cloud-based tool for Commercial Cyber polices including risk assessment, ongoing risk management, and claim management.
  • This insurance cover initially will focus on SMEs and mid-market businesses and later its ambit will expander to cover larger businesses.

BSE inks MoU on Cyber Security

Date: 22 April 2019 Tags: Industries
  • India’s largest stock exchange Bombay Stock Exchange (BSE) has inked MoU withNetwork Intelligence, a global cybersecurity services provider & CERT-IN empanelled vendor.
  • The partnership is aimed at providing cybersecurity services to its members according to SEBI cybersecurity framework (guidelines).
  • The cybersecuirty services will be provided by BlueScope, a platform developed by Network Intelligence to offer 24×7 monitoring to the members.
  • It will be under SEBI guidelines -“Cybersecurity & cyber Resilience Framework for Stock Brokers/Depository Participants.”

Comedian Volodymyr Zelensky elected as President of Ukraine

Date: 22 April 2019 Tags: Appointments & Resignations
  • Comedian Volodymyr Oleksandrovych Zelensky (41) has won Ukrainian presidential election 2019. He received 73% of the vote and will be sixth president of Ukraine.
  • His term is expected to begin in June 2019. He defeated incumbent Petro Poroshenko of “Solidarity” party.
  • He hails from the south-eastern city of Kryvyi Rih.  He is trained lawyer and is best known for his role in television series ‘Servant of the People’ in which he played history teacher who becomes president of the country.

Fire Service Week observed

Date: 22 April 2019 Tags: Days & Dates
  • The Fire Service Week is observed across the country from 14th to 20th April, 2019. Its theme was “Fire Prevention is better than Fire Fighting”.
  • Every year 14th April is observed every year as the National Fire Service Day in India. It was established in 1967.
  • This day was instituted remembrance of fire fighters who had lost their lives in the devastating fire at freighter SS Fort Stikine at Victoria Dock in Bombay Port on 14th April 1944. In this incident, 66 firefighters had lost their lives.