Political risk spans a broad and amorphous bucket of perils, from financial risks such as contract abrogation or non-payment by sovereigns or private companies to government confiscation of assets, civil commotion and political violence. According to Coface’s Political Risk Index, Asia scored 45% on the latest risk ranking, above the world average of 35%. Within the region, South Asia has...

As an informed exporter, it is important to know the major economic indicators of the countries where you are exporting. This is important to foresee if there are any possible chances of payment defaults. If there is, changes can be made in the payment terms. Hence, in order to aid this decision making process, we present the findings provided by...

British Airways were brought to their knees when its website and mobile application proved to be a ripe target for hackers. Bookings made during a period of 17 days between Aug. 21 and Sept. 5 had been infiltrated in a "very sophisticated, malicious criminal" attack as quoted by its Chief Executive. About 3,80,000 card payments were compromised with hackers obtaining...

“Vessel Casualty Report gives details of vessels which have met with some casualty while carrying cargo from one Port to another and which may have resulted in (i) loss/damage to the cargo carried in the vessel or (ii) General Average Loss/Expenditure. Please go through the Casualty Report and check whether your cargo had been carried in any of the vessels mentioned therein and check...

Cosmos Cooperative Bank Ltd, headquartered in Pune, was shaken up by two cyber attacks on 11th and 13th of August. A total sum of INR 94.24 Cr was robbed using Visa and RuPay Cards of 28 countries. The attack was carried out in two phases, first one being the bigger one. During the first attack, 2,000 transactions were made through...