EU companies should prepare for the worst over U.S.-China digital decoupling

In a statement European business groups have said, EU business must “prepare for the worst” over digital decoupling between the U.S. and the Chinese economy, which could significantly impact EU businesses in China. In a statement the European Chamber of Commerce in China and MERICS, a Berlin-based think tank said, U.S.-China political, trade and financial…

Trump does not want ByteDance to have controlling stake in TikTok: senior administration official

According to a senior administration official who spoke on the condition of anonymity, regardless of how China’s ByteDance positions the divestment of its short video sharing app TikTok, U.S. President Donald Trump does not want it to have a controlling stake in TikTok, since it will place Americans’ personal information at risk. Despite China’s bravado…

Capital One Financial Corp faces potential class-action lawsuit over cyber breach

A lawsuit, seeking class-action status, has been filed in a federal court in Washington, D.C. Following a cyber breach at Capital One Financial Corp, the bank stated it is now facing a potential class-action lawsuit. A lawsuit, filed by Kevin Zosiak, is seeking class-action status was filed in the federal court in Washington, D.C. Zosiak,…

Paige Thompson, Capital One hacker compromised privacy of over 100 million U.S. citizens

It would appear that Paige Thompson wanted to get caught: she posted extract of the data that she hacked on GitHub, a publicly available coding platform. In a significant development, Capital One Financial Corp disclosed that a hacker, who has been arrested, had managed to obtain the personal information, including names and addresses, of around…

Whitefly held responsible for last year’s cyberattack on Singapore

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…

Hackers access a further 185,000 payment cards at British Airways

British Airways has clarified that customers who were potentially impacted by the hacking attack are those who opted for reward bookings between April 21 2018 and July 28 2018 using a payment card. In yet another hacker attack, the International Airlines Group disclosed following an investigation into the theft of customers’ data at its British…

Singapore’s cyber attack carries the signature of Advanced Persistent Threat group

The attack comes despite robust security measures undertaken by Singapore, a highly wired and digitalized state which has made cyber security a core priority since more than a decade. On Monday, on a follow up on Singapore’s worst ever cyber attack which saw personal information of nearly 1.5 million people, including its Prime Minister being…

ASEAN nations likely to sign cybersecurity deal with Russia

A draft agreement is being circulated among foreign ministers on the area of cybersecurity, the details of which is likely to be published this coming Saturday. Following high-profile hacking attacks in Southeast Asia, nations in the region are hoping to enter into joint agreements on cybersecurity with Russia. The draft agreement, which aims to formalize…