In what is the latest event to highlight the power industry’s vulnerability to cyber attacks, the U.S government warned industrial firms this week about a hacking campaign targeting the nuclear and energy sectors. According to a joint report from the U.S. Department of Homeland Security and Federal Bureau of Investigation, to enable themselves to access…
Now it’s time for the industry to band together to combat the trend of the terrorists using technology to their advantage, David Scharia from the UN Security Council Counter-Terrorism Committee Executive Directorate said. These days, terrorists use technology “from radicalization, to incitement, to recruitment, to training … even the perpetration of the attack itself,” Scharia…
As shares of online food takeaway company Delivery Hero surged higher on the company’s stock market debut, the company appeared to whet investors’ appetite on Friday. “I’m glad we have had a good start but this is really about the long term… (it’s) about the next 10 to 15 years to build a very good…
With the aim of boosting its stake in Southeast Asian online retailer Lazada, ahead of Amazon’s much-anticipated entry into the region, Chinese e-commerce giant Alibaba is ponying up $1 billion. Effectively bringing its total investment to over $2 billion, its stake in the company will be increased from 51 percent to about 83 percent, Alibaba said on Wednesday.…
By saying the $18 billion deal was being held up due to differences of opinion within the consortium chosen as preferred bidder, Japan’s Toshiba Corp has pushed back its timeline to clinch a sale of its prized flash memory chip unit. One day after the U.S. firm Western Digital Corp resubmitted a bid for the…
The iPhone chip supplier Qualcomm, must now wage a fight with U.S. regulators even as it contests a separate $1 billion lawsuit filed by Apple Inc which became clear after the ruling of a federal judge ruled late on Monday where the Federal Trade Commission’s antitrust lawsuit against Qualcomm Inc was allowed to be proceeded.…
A total of nearly 4 bitcoins which is worth just around $9621 at today’s price was the reward that those behind the recent cyberattack affecting businesses around Europe have been successful ion extorting out of their victims. While Ukraine and Russia have been particularly affected, there were reports that emerged of of a ransomware virus affecting…
State-sponsored cyber attacks against each other aimed at stealing trade secrets or other confidential business information has been vowed not to be conducted in an agreement between China and Canada with both the countries having signed the bilateral agreement. The Globe and Mail reported on Monday that the deal was described as a step toward…
Aimed particularly at simplifying trade finance transactions for small- and medium-sized companies, a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, is being built by tech giant IBM. One of the top areas where blockchain – the underlying technology behind bitcoin – could have an impact was identified as trade finance…
A wild card into one of the biggest and most complicated recalls in automotive history is to be thrown by the expected bankruptcy of troubled air-bag maker Takata Corp. and it isn’t just a crisis for its employees and suppliers. From Tesla Inc. to Toyota Motors Corp., tens of millions of defective air-bag inflators used by 19 car and truck…
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