Under a bill proposed by two lawmakers on Wednesday, the U.S. National Security Agency (NSA) could be required to make public any security flaws it finds in software that it exploits to spy on users. Issues related to whether a vulnerability discovered by the NSA should be disclosed to the companies concerned or the public,…
Analysts and experts have noticed that digital currency is being manufactured even as a computer virus that exploits the same vulnerability as the global “ransomware” attack has latched on to more than 200,000 computers. The development provides another piece of evidence that a North Korea-linked hacking group may be behind the attacks and adds to…
The airline industry’s global lobby group has said that travelers could be cost more than $1 billion by the widening of a U.S. ban on carrying electronic devices aboard aircraft to include flights from Europe. The International Air Transport Association estimates that extending the ban to the 28 European Union states plus Switzerland, Norway and…
Insurers say that companies outside of the United States could be facing potentially millions of dollars of losses because there has been relatively little take-up of cyber insurance as they may not have cover for a recent computer-system attack. Stopping car factories, hospitals, shops and schools, amid fears it could wreck fresh havoc on Monday…
Not to use foreign exchange to gain competitive advantage, but sticking to their cautious wording on trade is the strategy of the financial leaders of seven leading world economies against cyber crime who pledged stronger cooperation against cyber crime. In order to discuss the world economy, combating terrorist funding, cyber security and taxes, finance ministers…
According to claimed that have been made by consumers who are trying to beef up a settlement with the bank over abusive sales practices, Wells Fargo & Co. may have opened as many as 3.5 million fraudulent accounts in the last 15 years. There were claims that since 2011, employee at the bank may have…
Using its own game – low prices, the world’s biggest retailer is being attempted to be beaten by German grocery chain Aldi Inc. According to Chief Executive Jason Hart, Aldi’s internal studies show its prices are 21 percent lower than its lowest-priced rivals, including Wal-Mart Stores Inc. Aldi has 1,600 U.S. stores. A massive expansion…
Provided that politicians don’t erect walls to shut out the U.K., London’s financial sector is inventive enough to find a way around Brexit and remain integral to the European Union’s economy, said Barclays Plc Chief Executive Officer Jes Staley. “So long as those barriers are not put up, there will be workarounds around Brexit so…
A better picture of U.S. President Donald Trump’s direction on key policies that he has yet to spell out is hoped to be obtained by Europe, Japan and Canada in a G7 meeting in Italy this week. Inequality, international tax rules, cyber security and blocking the funding of terrorism would be the focus of the…
Attention is increasingly turning to the region’s shaky civil liberties plight at the Association of Southeast Asian Nations (ASEAN) even though economic integration has long been the focus of this group. A group of experts shared their dreams for the bloc and human rights emerged as a common denominator at a World Economic Forum (WEF) discussion…
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