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Majority believe business impacted due to pandemic

Alex Tan, partner, cyber & forensics and crisis leader, PwC Malaysia said the survey data and insights provide an important snapshot to a unique moment in time, and with the benefit of hindsight, it allows the creation of a roadmap for rethinking and strengthening resilience capabilities.
KUALA LUMPUR: PricewaterhouseCoopers (PwC)’s second Global Crisis Survey revealed that 83% of its respondents believed that business was negatively impacted by the Covid-19 pandemic, but only 47% felt that they were well-prepared for the crisis.
Alex Tan, partner, cyber & forensics and crisis leader, PwC Malaysia said the survey data and insights provide an important snapshot to a unique moment in time, and with the benefit of hindsight, it allows the creation of a roadmap for rethinking and strengthening resilience capabilities. ....

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Governing e-commerce: Whose liability is it anyway?

Synopsis
The legal and regulatory regime governing ecommerce has always been sharply polarised. While it is critical to balance consumer and rights-owner interests in ensuring that genuine goods are bought and sold online, the question as to who should be liable for the availability of fake products and pirated content has not thrown up easy answers.
eCommerce is growing at an accelerated pace in India and according to a PWC-Nasscom study, the sector is expected to be worth $100 billion by 2022. According to a recent press report, an increase in consumer dependence on e-commerce during the ongoing pandemic translated into the creation of about 3 lakh temporary delivery and supply chain jobs and a 56% jump in order volumes during the recent festive season as compared to last year. The ....

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From job cuts to online commerce, virus reshaped US economy

WASHINGTON â At first, it was expected to be brief. At least, that was the hope.
Instead, a once-in-a-century pandemic has ground on for a year, throwing millions out of work and upending wide swaths of the American economy. Delivery services thrived while restaurants suffered. Home offices replaced downtown offices. Travel and entertainment spending dried up.
The job losses were swift and harsh. But, they hardly fell equally across the economy. Black and Hispanic workers fared worse than others. And many women, mostly mothers, felt compelled to quit the workforce to care for children being schooled online from home. Despite the job cuts, Americans as a whole socked away a record level of savings, buoyed by government aid to the unemployed and income that higher-paid workers, hunkered down at home, managed to squirrel away. ....

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Morning Brief: Kwik, save my data! Mobikwik leaks expose fintech data security systems

Morning Brief (ET Bureau)
Devina Sengupta | 17:24 Min | April 02, 2021, 8:00 AM IST
The alleged data leak at Mobikwik once again highlighted shortcomings in the security infrastructure of fintech companies, which put millions of users at risk. Siddharth Vishwanath, cyber security leader at PwC, and independent researchers Srinivas Kodali and Rajshekhar Rajaharia explain what happens when data falls into the wrong hands and how to prevent more breaches.
Tags ....

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iTWire - NZ Commerce Commission completes consumer mobile phone bills review

iTWire
Thursday, 01 April 2021 11:55
NZ Commerce Commission completes consumer mobile phone bills review
Featured
New Zealand’s competition enforcement agency, The Commerce Commission, has completed its review of consumer mobile phone bills following feedback from the telecommunications industry on their plans for providing customers with more “meaningful product and service comparisons” and to guard against overspending.
Completion of the review comes after the Commission published an open letter in September 2020, asking telcos Spark, Vodafone and 2degrees to share their customer service plans. This was accompanied by a report from Schiff Consulting, aspects of which were later contested by the industry.
The ....

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