Aviva declares first quarter financial results

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It has been a strong start to 2020 for insurance giant Aviva – albeit with more than a cautionary word or two about what may be around the corner amid the COVID-19 pandemic.

The company today revealed that its general insurance net written premium had risen to £2.4 billion (around SG$4.14 billion) – up from £2.3 billion (around SG$3.96 billion) in the same period a year earlier. This included a climb on its home turf of the UK of 1% year-on-year to £1.0 billion (around SG$1.72 billion); while net written premiums in Canada were up 8% to stand at £0.6

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Uber has spent $19 million on coronavirus financial assistance for drivers

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FILE PHOTO: Uber’s logo is pictured at its office in Bogota, Colombia, December 12, 2019. Picture taken December 12, 2019. REUTERS/Luisa Gonzalez/File Photo

(Reuters) – Uber Technologies Inc on Thursday for the first time detailed how much it has spent to support its ride-hail drivers and food delivery workers during the coronavirus crisis, which has battered the company and forced it to lay off thousands of employees.

The company said in a blog post here it had spent $19 million as of mid-May in direct two-week financial assistance to a total of nearly 48,900 drivers worldwide who were infected by

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Financial gain trumps espionage as top motivator in cyber attacks: report

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Silhouette of mobile device user is seen next to a screen projection of binary code are seen in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration

NEW YORK (Reuters) – Money trumped spying as the top motivator for data breaches last year, according to Verizon’s annual report on cyber crimes published on Tuesday.

About nine out of 10 breaches were financially motivated, based on an examination of more than 32,000 incidents and nearly 4,000 confirmed break-ins in 81 countries, the report said.

Verizon Business 2020 Data Breach Investigations Report found that confirmed data breaches doubled from the prior year.

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Fed warns of ‘significant’ financial vulnerabilities from pandemic

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WASHINGTON (Reuters) – The U.S. Federal Reserve warned Friday that the financial sector faces “significant” vulnerabilities due to the coronavirus pandemic, as businesses and households grapple with fragile finances for the foreseeable future.

FILE PHOTO: The Federal Reserve building is set against a blue sky, amid the coronavirus disease (COVID-19) outbreak, in Washington, U.S., May 1, 2020. REUTERS/Kevin Lamarque

In its latest report on financial stability, the Fed said the global pandemic imposed sweeping risks. While policy actions from the Fed and others have helped bolster the economy, and the banking system has withstood the initial downturn, the report warned

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