October 12, 2023
The hack of the MOVEit file transfer platform, developed by Progress Software and used by businesses of all sizes, serves as a reminder of the potential vulnerabilities faced by third party vendors. In this June 2023 hack, attackers exploited a …
October 5, 2023
Low water levels after recent dry weather are preventing cargo vessels from sailing fully loaded on the Rhine river in Germany with surcharges added to the usual freight rates, commodity traders said on Thursday. Low water is hampering shipping on …
October 5, 2023
Jet engine maker CFM International said on Wednesday the number of engines suspected of containing falsely documented parts from a UK distributor had risen to 126, including 16 inside its own workshops after it inadvertently bought them indirectly. CFM, owned …
September 27, 2023
Loadsure, the London-based insurtech and managing general agent, has partnered with WeatherOptics, a leading weather intelligence platform, with the aim of bringing weather intelligence into its risk calculations. Loadsure directly addresses the global freight underinsurance crisis with data powered, AI-priced, …
September 21, 2023
Jet engine maker CFM International said on Wednesday thousands of engine components may have been sold with forged paperwork by a British distributor, as the fallout from a probe into falsely certified parts reached London’s High Court. Matthew Reeve, a …
September 20, 2023
Virgin Australia Airlines Pty found a second suspected unapproved plane part from obscure UK supplier AOG Technics Ltd., as the industry continues to hunt down bogus components that have spread across the global fleet. The Australian airline discovered a seal …
September 20, 2023
United Airlines Holdings Inc. discovered dubious parts in two aircraft engines, adding to the list of carriers worldwide that have found bogus components from supplier AOG Technics Ltd. The parts were discovered in a single engine on each of two …
September 1, 2023
European aviation regulators have determined that an obscure London-based company supplied bogus parts for repairs of jet engines that power many older-generation Airbus SE A320 and Boeing Co. 737 planes. Manufacturing partners General Electric Co. and Safran SA have been …
July 21, 2023
Insurtech Loadsure announced the launch of digital ocean cargo and stock throughput insurance products: “Danube – Dynamic Ocean Cargo Insurance” and “Huron.” Loadsure described the products as “powerful tools for brokers, who will be able to quote cost-effective annual cover …
May 30, 2023
Buffeted by earthquakes and the potential of conflict with China, Taiwan’s leaders want to accelerate plans to make the island more resilient to communications breakdowns and direct attacks on its digital infrastructure. It could be an impossible task. Audrey Tang, …