Daily Archives: November 28, 2021

Far East Deep South: Panel discussion on the history and evolution of Afro-Chinese relations in America – SupChina

Posted: November 28, 2021 at 9:45 pm

Far East Deep South: Panel discussion on the history and evolution of Afro-Chinese relations in America SupChina Skip to the content

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Far East Deep South: Panel discussion on the history and evolution of Afro-Chinese relations in America - SupChina

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‘I would like to give the Kiwis the last 45-30 mins to bat’: Karthik predicts the target India will set for New Zealand – Hindustan Times

Posted: at 9:45 pm

Indian cricketer Dinesh Karthik has opined that a target of around 275 will be a winning one for India against New Zealand in the ongoing 1st Test in Kanpur.

At Stumps on Day 3, the hosts finished at 14/1 and with a lead of 63 runs. After posting 345 in the first innings, courtesy of fifties from Shubman Gill and Ravindra Jadeja and a fabulous century from debutant Shreyas Iyer, the bowlers skittles the Black Caps on 296. Axar Patel led the charge with his fifth Test cricket five-wicket haul in his 7th innings.

ALSO READ| 'You just can't get in the way of the non-striker': Former cricketers react to R Ashwin's controversial follow through in IND vs NZ 1st Test

Karthik also added that the Indian team will not bat the whole day and that he would want to see the Kiwis bat in the final 30-45 minutes.

"I think anything around 275 is a good target. Which would mean that they would need to bat two session or little more. I would like to give the Kiwis the last 45-30 mins to bat. And if they get Williamson and Latham under 100 runs, I think after that it'll be smooth sailing for India," Dinesh Karthik was quoted as saying on Cricbuzz Live.

Furthermore, wicketkeeper-batter Karthik also wants senior pros in stand-in skipper Ajinkya Rahane and Cheteshwar Pujara to get some runs. They both have been in poor form this season, averaging 20.35 and 31.30, respectively.

"I would love to see Pujara and Rahane get runs. They definitely deserve a few runs under their belt, they've been batting well sometimes getting off to a good start but not converting it. But here is an opportunity for them. It's a tough wicket but obviously their experience and the fact they can play spin well should come to the fore."

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'I would like to give the Kiwis the last 45-30 mins to bat': Karthik predicts the target India will set for New Zealand - Hindustan Times

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Omicron evolution may be another sign of pandemic’s damaging effect on fight against HIV – TAG24.COM

Posted: at 9:45 pm

Nov 28, 202110:00 AMEST

The Covid-19 pandemic has had dramatic consequences for HIV containment.

Geneva, Switzerland - The Covid-19 pandemic has had dramatic consequences for HIV containment, with human and financial resources diverted, prevention programs compromised, and supply changes disrupted. And there's already some evidence that the interplay between the two diseases is contributing to the emergence of new variants.

Even before the outbreak of the coronavirus pandemic, the fight against HIV/AIDS was progressing too slowly worldwide, the UN program UNAIDS and other aid organizations warned at a news conference on Friday.

According to UNAIDS, people infected with HIV have twice the risk of dying from Covid-19 compared to the general population. However, most people living with HIV still do not have access to vaccines against the coronavirus.

Two-thirds of all people with HIV live in sub-Saharan Africa, where only 3% of the population has received at least one Covid-19 jab by mid-year.

"Covid-19 has been the most significant setback in the fight against HIV," said the executive director of the Global Fund to Fight AIDS, Tuberculosis and Malaria, Peter Sands.

According to the Global Fund, HIV testing dropped by 22%, holding back HIV treatment initiation in most countries, while the number of people reached with HIV prevention programs and services declined by 11%.

The pandemic also had a "devastating impact" on the fight against tuberculosis (TB). In 2020, the number of people treated for drug-resistant TB in the countries where the Global Fund invests dropped by 19%.

As concern over the new Omicron variant of Covid-19 continues to grow, there's already some scientific evidence that these more virulent dangerous strains emerge in people with severely weakened immune systems a trademark of HIV infection.

Scientists told the Telegraph that they believe the mutations in Omicron came about as a result of a chronic Covid-19 infection in an immunocompromised patient.

Although much more research is needed to confirm the theory, the unusual evolution of the new variant suggests it had plenty of time in a host whose immune system could not kill it off an "evolutionary training gym" of sorts in which to become a "fitter" form of the virus.

University of Cambridge Professor Sharon Peacock told the paper that Omicron "may have evolved in someone who was infected but could then not clear the virus, giving the virus the chance to genetically evolve."

According to the HIV and AIDS charity AVERT, South Africa has the biggest HIV epidemic in the world, with over 7.5 million people living with the virus. Less than three quarters of them have access to effective treatment.

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Tricor Group Completes Acquisition of NZGT Holding Company Limited, A Leading Corporate Trustee and Fund Supervisor in New Zealand with NZ$250 Billion…

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HONG KONG & SINGAPORE & AUCKLAND, New Zealand, November 29, 2021--(BUSINESS WIRE)--Tricor Group (Tricor), Asia's leading business expansion specialist, has received regulatory approval and completed its acquisition of NZGT Holding Company Limited (NZGT Holdings) together with its wholly owned subsidiaries The New Zealand Guardian Trust Company Limited (Guardian Trust) and Covenant Trustee Services Limited (Covenant) from Complectus Limited on November 25, 2021.

Tricor is the largest pure-play corporate services platform in Asia Pacific, serving over 50,000 client entities across its 21-market footprint. A positive move for Guardian Trust and Covenant, this acquisition will see the group and its New Zealand clients benefit from Tricors significant financial backing and global best practices.

Guardian Trust and Covenant are the leading providers of corporate supervisory services with over NZ$250 billion in funds under supervision. Guardian Trust has operated in New Zealand for over 125 years. Guardian Trust and Covenant will continue to grow its team and capabilities through further investment by Tricor Group. Day to day operations remain unchanged.

Tricors Global Corporate Trust business will operate and serve clients across five global markets including Hong Kong SAR, Beijing, Singapore, the UK and New Zealand.

Lennard Yong, Tricor Group CEO, said: "I am pleased to welcome Guardian Trust and Covenant to Tricor Group. This acquisition broadens our footprint in ANZ and places Tricor in an enhanced position to better serve our clients. The addition of Guardian Trust and Covenant significantly strengthens Tricors global corporate trust practice with market-leading and differentiated trust solutions in New Zealand and across Australasia and Asia-Pacific. We are very grateful for the approval to be stewards of these two leading institutions. Our goal is to support the management team led by Harry Koprivcic and to grow these businesses within their respective markets and to add to our regional corporate trust platform in Asia Pacific."

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David Naphtali and Jonathan Hatch, Co-Managing Directors of Madison Pacific, A Tricor Company, leading the integration of Guardian Trust and Covenant into the Tricor Corporate Trust Business Division, said: "We look forward to working with the fantastic team to bolster the corporate trust solutions we can provide our corporate clients across Asia Pacific and the UK."

Harry Koprivcic, CEO of NZGT Holdings, said: "As a leading corporate trustee in New Zealand, we are starting a new chapter by becoming part of a large global entity. Enhanced by the capabilities of Tricor, we will continue to deliver exceptional corporate solutions to our clients."

About Tricor Group

Tricor Group (Tricor) is Asias leading business expansion specialist, with global knowledge and local expertise in business, corporate, investor, human resources & payroll, corporate trust & debt services, and governance advisory. Tricor provides the building blocks for clients business growth, from incorporation to IPO. Tricor has had a rapid expansion through organic growth and development as well as partnerships, mergers and acquisitions. The Group today has ~50,000 clients globally (including ~20,000 clients in Mainland China), a staff strength of over 2,800 and a network of offices in 47 cities across 21 countries / territories. Our client portfolio includes over 2,000 listed companies in Hong Kong SAR, Mainland China, Singapore and Malaysia, and more than 40% of the Fortune Global 500 companies, as well as a significant share of multinationals and private enterprises operating across international markets.

Visit: http://www.tricorglobal.com

About Complectus

Complectus was established in 2014 and is the dominant and most innovative fiduciary services group in the New Zealand market.

About Guardian Trust and Covenant

Guardian Trust and Covenant have a market-leading position and are experienced in all aspects of corporate trust work. They are leading providers of corporate trustee services to the New Zealand market. Guardian Trust has been recognized by KangaNews as the leading provider of trustee services by being awarded the New Zealand Trustee of the Year for four years running.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211128005198/en/

Contacts

HONG KONG SAR (GROUP OFFICE) Sunshine Farzan Tricor Services LimitedGroup Head of Marketing & CommunicationsTel: +852 2980 1261Email: Sunshine.Farzan@hk.tricorglobal.com

NEW ZEALAND Laura Air Alexander PRGroup Account DirectorTel: +64 21 259 3242Email: laura@alexanderpr.co.nz

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Tricor Group Completes Acquisition of NZGT Holding Company Limited, A Leading Corporate Trustee and Fund Supervisor in New Zealand with NZ$250 Billion...

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Evolution of managed accounts – ifa

Posted: at 9:45 pm

After almost 25 years in the market, the benefits of managed accounts are well established.

Once only feasible for advice businesses serving wealthy clients with bespoke portfolios, managed accounts are emerging with new investment options and lower fees, enabling advisers to use the transparent structures with a wider range of clients.

The products improve the efficiency of advice practice management by streamlining the process for implementing portfolio changes and may reduce the requirement for compliance documentation such as records of advice.

For clients, having beneficial ownership of the underlying investments offers greater transparency of portfolio holdings than other managed investment types and may make managed accounts more tax-effective than investments in a pooled unit trust.

But bigger than that, is the intergenerational wealth transfer, which continues to present opportunities for advisers to capture that next generation of clients who will need advice and allow advisers to grow business revenue.

And we know there is a growing demand for high-quality financial advice that is affordable and accessible. The number of unadvised Australians who intend to seek financial advice in the next two years rose to 2.6 million in 2020 from just 1.3 million in 2015, according to Investment Trends[1].

Tailored offerings

Historically, managed accounts have been used by wealthier clients with complex investment and tax management needs, who are looking for bespoke investment solutions through an individual managed account. Now, managed accounts have evolved to a point where they are within reach of all clients.

Advice businesses can use managed accounts to efficiently implement portfolios that showcase their investment expertise when this forms part of their value proposition. Portfolios could be hand-picked by the adviser, selected by the licensee to match an in-house investment philosophy, or managed externally but tailored to a clients individual ethical, social, tax or income preferences.

Wealthy clients have the capacity to pay for tailored investment selections and a managed account that can be highly customised for their objectives. Lower balance clients also benefit from professional portfolio management and visibility of investment holdings but many have been unable to afford to pay for individualised investment services.

Shift in focus

Many financial advisers already outsource research recommendations and model portfolios to investment consultants such as Lonsec, Morningstar and Zenith.

Changes in the advice landscape have seen some advisers move away from providing investment advice as the central tenet of their offering. Only 45 per cent of Australians seeking financial advice were looking for advice on investments, the Australian Securities and Investments Commissions 2019 report Financial advice: What consumers really think found.

Those advisers who do not base their value proposition on their investment expertise find that outsourcing the research function frees them up to spend more time having strategic and goals-based conversations with clients.

However, many advisers continue to implement their client portfolios in-house. Advisers handling their own portfolio implementation receive information from their asset consultant, identify which client portfolios need to be updated, and contact those clients for approvals before executing the changes either one-by-one or in bulk. Changing the portfolio triggers the need for additional advice documentation.

Platform technology and adviser software are continuously improving, increasing the efficiency of reporting and administrative processes, as well as the speed of execution, but they cannot remove the bottlenecks entirely.

It takes time to review and digest an asset consultants recommendations, read client reports, contact clients, and wait for their responses. It also takes time to prepare compliance documentation.

Process improvement

Managed accounts allow advisers to re-engineer the process to remove these bottlenecks.

After the client has invested in a managed account, the investment consultant running the portfolio can rebalance and update to preserve the target risk level and asset allocation without needing to seek consent from the client or prepare additional advice documentation.

This can shrink the execution lead time. It may also reduce the compliance risk of having clients funds committed to what may have become an inappropriate investment.

Using managed accounts run by asset consultants can also save advisers time when engaging with clients as these asset consultants provide detailed commentary on their portfoliosthat can be passed on to clients, without advisers having to prepare reports for themselves.

Professional asset consultants only add or remove investments from their portfolio recommendations for good reason. When they make changes, they expect those to be reflected in client portfolios as soon as possible.

While managed funds are similarly responsive and eliminate the need for additional documentation for portfolio changes, they do not provide the client with beneficial ownership of the underlying assets or as much transparency of investment holdings as managed accounts do.

Total costs

When clients look at the cost of advice, they consider the total amount they are charged including fees for accessing and implementing investments, and the cost of their advisers strategic recommendations.

By improving business efficiency and removing product fees and fees for asset consultant services, clients using the new breed of managed accounts pay less overall for advice. This makes managed accounts a more viable option for lower balance clients who want professional portfolio management, transparency and beneficial ownership of their investments, without an additional layer of fees.

Advice businesses that serve these clients gain greater flexibility in the way they charge for their advice and save time that can be used elsewhere having deeper strategic conversations with clients, working on the business, or expanding to serve more people.

Bryce Quirk is chief distribution officer at Colonial First State.

[1] Investment Trends[1] 2020 Financial Advice Report, which surveyed 4,501 people in July last year.

Evolution of managed accounts

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New Zealand opposition leader Judith Collins ousted after move to demote rival backfires – The Guardian

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Judith Collins, leader of New Zealands opposition National party, has been toppled after months of poor polling and a shock move to strip a political rival of his portfolios.

MPs voted to end Collins leadership at a crisis caucus meeting on Thursday. The meeting was prompted after Collins demoted Simon Bridges, a former party leader and one of her rivals. Late on Wednesday night, she stripped Bridges of all of his portfolios, citing an inappropriate comment made by Bridges in 2017 in front of a female colleague where Bridges says he discussed old wives tales about how he and his wife might produce a female child. Collins described the comment as serious misconduct.

Collins confirmed her resignation via social media. Its been a privilege to take over the leadership of [the National party] during the worst of times and to do so for 16 months. It has taken huge stamina and resolve, & has been particularly difficult because of a variety of factors, she said in a statement. MP Dr Shane Reti will take the helm of the party as interim leader, with a replacement to be chosen next week.

While the conflict with Bridges sparked Thursdays vote, Collins leadership has been troubled for some time, and the last few months have brought a series of disastrous leadership polls. Known as the Crusher for both her tough style of politics and for her responsibility for a historic policy which saw the cars of boy racers physically crushed, Collins struggled to win over New Zealand voters.

Support for the Jacinda Ardern-led Labour party has been dropping over several months, as the country grapples with a Covid outbreak but Collins failed to capitalise on that, with many votes instead redistributing to the libertarian Act party. While support for Labour has slipped in recent months to around 41-47%, support for National has languished at 21-28%. In a 1 News Colmar Brunton poll released in November, Judith Collins was sitting at just 5% in the preferred prime minister stakes, compared to Arderns 39%.

The difficulty for the party has been a lack of viable alternatives: no other National MPs surpassed Collins popularity, and Simon Bridges was sitting at just 1% in that poll. Nationals stiffest competition has come from its right flank: David Seymour, leader of the right-wing libertarian party, typically a small player in New Zealands parliament, was at 11%. Chris Luxon, a former chief executive of Air New Zealand, will be in the mix as a possible Collins replacement, polling at 4%. But he has spent only one year as an MP and has not yet built a high public profile. Another possible candidate is Whangaparoa MP Mark Mitchell.

On Thursday afternoon, Bridges expanded on the nature of his comments. He said they had occurred at a function where a group were discussing their wives and children. I have two boys and I wanted a girl and I engaged in some old wives tales about that and how to have a girl, he said. He would not expand further on the phrasing he used.

MP Jacqui Dean was present for the remark, and subsequently complained to leadership. Bridges apologised.

I entirely accept and am regretful of that day because I acknowledge that some of what I said was clearly inappropriate, Bridges said. He said he had reiterated the apology, and would not rule out a run for the leadership on Tuesday.

In a statement, Dean said, About five years ago, Simon Bridges made remarks that upset me at the time. They were not about me, but they were inappropriate and not something I wanted to hear, she said.

At the time there was an apology, but subsequently it has continued to play on my mind and with the recent reviews that have occurred in parliament the feelings have been brought back up.

What matters to me is that all of us have a clear understanding of what behaviour we should expect in a modern workplace environment.

Simon and I have spoken a number of times over the past few hours and he has reiterated his apology.

Collins said in her statement: I knew when I was confided in by a female colleague regarding her allegation of serious misconduct against a senior colleague, that I would likely lose the leadership by taking the matter so seriously. If I hadnt, then I felt that I wouldnt deserve the role.

The late night Wednesday drama has brought rumblings of discontent within the party to the fore. Collins announcement of his demotion blindsided many National MPs, with a number complaining about how the situation had been handled. It came at a moment when the government is under increasing pressure for its Covid response and prominent National supporters expressed irritation at the party once again becoming embroiled in internal politics rather than focusing on its policy platform.

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‘You are free’: What it felt like to flee Afghanistan for a new life in New Zealand – Stuff.co.nz

Posted: at 9:45 pm

Two months after my family and I fled Afghanistan, writing and even thinking about our journey to New Zealand is still very hard for me. My experience seems like a dream.

When the Taliban came to my city, Kabul, it felt like our lives just stopped. We were all in shock. We had no hope for the future.

Some wealthy, powerful and well-connected people were able to leave the country. Many others were left behind and felt abandoned by the international community.

My family was in danger because of my fathers profession, so for weeks we hid from the Taliban. Fortunately we were given visas by the New Zealand government.

READ MORE:* Taliban names caretaker Afghan government as protests grow* New Zealander and family inside Kabul airport after five terrifying days braving Taliban and desperate crowds* 'I cannot do anything': Afghan man in Wellington watches homeland helplessly

It was very hard for us to leave Afghanistan, but we had no choice. I had to say goodbye to friends and relatives. My heart felt broken.

One morning a driver came to our house and drove us to Pakistan. I was scared when we saw Taliban checkpoints on the way.

Supplied

Yousef Obidi, 10, fled Afghanistan with his family for a new life in NZ. Pictured at Aucklands Piha.

At the border there were many Taliban. One asked my family, Why are you trying to leave the country? We told him my mother was ill and needed hospital treatment in Islamabad.

When we were allowed to cross the border I felt a mix of happiness and sadness. I was happy because we were no longer in danger but sad because we were leaving our beloved homeland.

For three weeks we stayed in a guesthouse while our paperwork was processed. Louise, a diplomat from New Zealands foreign ministry, talked to us and helped us a lot.

A week after we arrived in Pakistan, a Taliban commander called my father from Kabul. He told my father that the Taliban were looking for him and they had seized our home.

That was a very dark day.

Supplied

Yousef Obidi outside MIQ.

Finally all our paperwork was finished by the New Zealand officials, and my family and I went to Islamabad airport. I was excited but also nervous because we were questioned a lot.

When we landed in Doha I was more relaxed. For the first time I started to believe that everything would work out. I told my mum that it felt like a miracle.

The trip to Auckland was very long. We stopped in Brisbane for an hour, and I thought about New Zealand while we waited. I had read on the internet that its a very peaceful country.

It was an incredible feeling when we landed in Auckland. We arrived at 1am and it was really cold, but my body felt full of energy.

A police officer met us when we walked of the plane. I said Kia Ora to him. He smiled and greeted me in the Mori language and asked if I was OK.

New Zealand Defence Force/Supplied

A Defence Force Hercules on its first flight into Kabul's international airport as part of a coalition effort to evacuate foreign citizens and Afghans at risk of the Taliban's takeover.

My family and I were taken to an MIQ hotel. For two weeks I focused on improving my English and learning more about life in New Zealand.

The hotel staff were friendly and helpful. The food was a bit unusual for me and my mum and sisters, but my father thought it was good.

We were happy when we passed our Covid tests. After 14 days, one of the MIQ staff told us, You are free!

When we left the hotel and went into Auckland I saw a new world. I saw hills and trees and the Auckland harbour. It was very beautiful.

Im excited about the future and looking forward to school. My goal is to be a doctor because I want to help people.

I want to thank the officials and the people of New Zealand for everything theyve done for us especially Louise, the diplomat. We will never forget her kindness.

After many years of war we are living free of danger. Our nightmare is finally over.

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Mrunal Thakur opens up on the evolution of her personal style – Filmfare

Posted: at 9:45 pm

Mrunal Thakur shares withAnalita Seth how her personal style has evolved over the years.

Returning to the ramp after a year, how do you feel?I am very excited. I walked for JJ Valaya and its been a dream of mine to wear his design and here I am.

Do you feel safe?Yes, the team made sure there were no outsiders around me and everyone was tested before I got here. Everyone is masked up so I feel safe.

Tell us about your showstopper outfitWhen I wore this outfit, I told everyone that I think Im ready to get married. I just need to find the groom. Its just so overwhelming. It actually makes you feel like youre the bride. I kind of feel emotional too, if I may say so. I saw the other designs from the collection too and they were all fabulous.

How has your personal style changed over the years?Oh yes, the idea of fashionhas changed for sure. EarlierI would keep it subtle and never wear anything that was quirky but now, as an actorI feel the need to experiment with colours. I feel like Im comfortable with Indianwear. I love sarees. ButI have evolved.

A fashion tip for allthe readersJust be comfortable anddont pretend. Dont wear something because someone else is. Follow what your heart says. You need to be comfortable because everything shows onyour face.

Five things that instantly make you happyCoffee, outdoor schedule, food, travel and my family.

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Air New Zealand Supports Sustainably Endorsed Tourism Businesses In New Zealand | Scoop News – Scoop

Posted: at 9:45 pm

Monday, 29 November 2021, 2:45 pmPress Release: Air New Zealand

Air New Zealand has today announced it will move to sellonly activities and attractions awarded a Qualmarkendorsement for their commitment to quality, safety andsustainability from 31 March 2022.

The airlinesdedicated website,developed in partnership with Bookme, currently promotesover 465 Qualmark-endorsed New Zealand visitor activitieswith the ambition to increase that number as more businessesachieve a Qualmark award.

To become a Qualmark-awardedactivity, businesses are assessed on four key criteria:economic, social and people, environment and culture, andhealth and safety. Following the evaluation, a Qualmarkbusiness will receive a Bronze, Silver or Gold award basedon their performance under the Sustainable Tourism BusinessAward Criteria.

Air New Zealand Chief Customer andSales Officer Leanne Geraghty says the pandemic hasaccelerated the airlines commitment to becoming moresustainable and we are committed to supporting businessesthat share the same goals.

Aotearoa has a lot toshow off to the world including our stunning landscapes andwildlife - its what we are known for and its ourresponsibility to look after it.

Thats also whywere committed to supporting New Zealand operators whoare contributing to Aotearoa becoming a world-classsustainable visitor destination. This is not just about AirNew Zealand its about future-proofing our key exportand tourism industries from impacts ofclimatechange weare seeing every day.

General Manager QualmarkSteven Dixon welcomes Air New Zealands commitment toshowcasing the best of New Zealands tourismexperiences.

Qualmark endorsed businesses havedemonstrated a commitment to providing quality experiencesto their guests, providing a valuable assurance toconsumers. This includes actions by the business to considerand address their impact on the environment and thecommunities they operate in - something consumers areincreasingly looking for."

RealNZ ChiefConservation Officer Paul Norris says the companys visionis to become a conservation business enabled bytourism.

Were proud to be a Qualmark endorsedorganization and are incredibly supportive of Air NewZealands announcement as it will encourage more NewZealand tourism businesses to turn their focus to becomingsustainablyendorsed.

Scoop Media

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Responding effectively to the evolution of the cyber threat environment – Lexology

Posted: at 9:45 pm

Impact of cyber attacks on organisations

We live in an era of localisation and divergence of privacy laws evolving in response to rapidly developing technologies, including AI, quantum computing and the Internet of Things. Mr Friedberg observed that cybersecurity is clearly a key business concern which, if addressed incorrectly, can have significant financial and reputational repercussions.

This year in particular has seen an uptick in cyberattacks by foreign states and state-sponsored agents, in pursuit of their geopolitical and economic goals, as well as cyber extortion by criminal threat actors. Such incidents highlight the importance of strong cybersecurity controls.

Implementing robust cybersecurity, however, is a separate issue. Mr Friedberg highlighted the balancing necessary between implementing a zero trust policy for software updates and allocating appropriate resources to vet such updates. From a liability perspective, it seems somewhat absurd to require enterprises, particularly SMEs, to decompile all updates before deploying them. Mr Friedberg recalled an instance of decompiling one piece of software, suspected of being backdoored by a foreign agency, taking 12 weeks of reverse engineering.

Mr Friedberg noted that, in most cases, threat actors do not need to rely on zero-day exploits due to many companies lacking basic cybersecurity protection. He emphasised that to manage this cybersecurity risk organisations should:

The Board and executive leadership

As organisations prioritise cybersecurity, efforts to ensure appropriate Board and executive leadership and cybersecurity governance are crucial. Mr Friedberg explained that there should be strong communication between the board and the CISO because there are no standardised methods for reporting on cybersecurity in the same way that companies report on profits. He also highlighted the dangers associated with isolating the CISO and recommended implementing measures to ensure that there is a collective responsibility for cybersecurity risk between the board and the CISO.

Insurance

The panel also discussed the tightening insurance market following significant losses in the ransomware space. A full transfer of risk and liability via insurance products is becoming increasingly difficult to find, with some insurers in certain jurisdictions stopping payment for ransomware attacks entirely.

What could be done better?

Mr Friedberg emphasised a few key areas for potential improvement in responding to ransomware:

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