According to a senior cybersecurity official with the Federal Bureau of Investigation, foreign government hackers have managed to break into companies which are conducting research into treatments for COVID-19 – the respiratory illness caused by the coronavirus. During an online panel discussion hosted by the Aspen Institute, FBI Deputy Assistant Director Tonya Ugoretz disclosed to…
The European Union has scrapped the likelihood of a ban on facial recognition technology in public spaces. In 2019, in a draft the European Commission had proposed the idea of a moratorium of up to five years to give the EU time to work on ways to prevent abuses of this technology. The pros and…
According to the results of a survey by a subsidiary of courier giant DHL, despite the U.S.-China trade war rolling onto its 16th month and continuing to disrupt well established supply chains, more than a quarter of multinational firms have yet to make contingency plans. The survey by DHL Resilience360, a supply chain risk management…
In a deal that provides Alphabet Inc’s Google Inc more data to finetune its artificial intelligence tools, the search giant has signed its biggest cloud computing customer in healthcare to date with Ascension. In a joint statement Ascension, which operates 150 hospitals and more than 50 senior living facilities across the United States, and Google…
Since it first fund raiser in 2006, 83North has invested in 70 companies and made 15 exits, three of which were in unicorns – startups that have been valued at more than $1 billion. On Monday, 83North, a London-based venture capital firm stated, it had raised $300 million for a new fund targeting European and…
Ride-hailing firm Grab plans on investing “several hundred million dollars” in Vietnam since it sees the country as its next growth market. Grab unveilled the plan just weeks after it disclosed a $2 billion investment plan for Indonesia. The proposed investment plan marks Vietnam as one of Asia’s fastest growing economy and underscores Grab’s eagerness…
A potential could be announced as early as next week. According to a report from Bloomberg, Exact Sciences Corp, a cancer diagnostics company, is in advanced negotiations to acquire Genomic Health Inc for around $2.8 billion in order to strengthen its cancer testing unit. The potential deal could be announced as early as next week;…
Servers of Bulgaria’s National Revenue Agency (NRA) have been targeted. The Bulgarians realized it only after a purported hackers, claiming to be Russian, sent an e-mail to the local media, with the aim of selling the stolen data. On Tuesday, in a significant development, the Bulgarian government stated, hackers have managed to steal the personal…
Whitefly is a state-sponsored espionage group that has been very active in Singapore and has actively targeted its engineering, healthcare, telecoms and media sectors. According to a statement from Symantec Corp, the worst ever cyberattack suffered by Singapore, which saw the personal information of more than 1.5 million people stolen including that of the Prime…
Yesterday, senior officials from the Department of Homeland Security and the Justice Department at a Senate Judiciary Committee hearing on “China’s Non-Traditional Espionage Against the United States: The Threat and Potential Policy Responses.” As per a senior U.S. intelligence official, in recent months, cyber activities by China in the United States has increased significantly. These…
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