Huawei’s telecom equipment carry serious significant risks: British government report

The report notes, “The evidence of sustained change is especially important as similar strongly worded commitments from Huawei in the past have not brought about any discernible improvements”. On Thursday, in a significant development, Britain has publicly chastised Huawei Technologies for failing to fix long-standing security flaws in its mobile network equipment and revealed new…

CFIUS undoes China’s Kunlun Tech’s acquisition of Grindr

CFIUS concerns stems from the fact that the Chinese dating app collects personal information including a person’s location, messages, which could include potential data of the U.S. military or intelligence personnel. According to sources familiar with the matter at hand, a U.S. government national security panel has raised concerns over the ownership of Chinese gaming…

Pentagon talking to Nokia & Ericsson on 5G solutions

Military to military discussions on future 5G networks are going well, said Ellen Lord, the Department of Defense’s under secretary of defense for acquisition and sustainment. With the United States determined to secure and position itself for the next generation of 5G devices, it is conscientiously pushing away Chinese telecommunications equipment maker Huawei Technologies, which…

ZTE’s controlling shareholders plan on selling upto 3% shares

Chinese telecom company ZTE Corp had been subject to U.S. sanctions. Its controlling state-owned controlling shareholder Zhongxingxin Telecom plan on selling as much as 2% of its shares once the stock has doubled its value. According to regulatory filing, the controlling stakeholders of China’s ZTE Corp’s plan to slash their stake, by as much as…

Huawei suit against U.S. Government likely to be dismissed

The similarities between the November 2018 Kaspersky Lab’s case, which was dismissed, with Huawei’s lawsuit increases the likelihood that it will meet the same fate. On Thursday, controversial Chinese telecoms equipment maker Huawei Technologies Co Ltd confirmed that it is suing the U.S. government over a section of a defense bill which became law in…

Canada likely to approve extradition of Huawei’s CFO to the U.S.: legal experts

Canada has until midnight on Friday (0500 GMT Saturday) to announce its decision. On Friday, in a potentially significant development, Canada is expected to announce that the extradition hearing against Huawei Technologies Co Ltd’s Chief Financial Officer can proceed, opined legal experts. In December 2018, Canadian police had Meng Wanzhou, Huawei’s CFO in Vancouver at…

Chinese tech comes with risks attached: U.S. Secretary of State Mike Pompeo

Mike Pompeo’s underscores and highlights the growing and significant risks to using Chinese technology given their connection to the Chinese state. On Friday, Mike Pompeo, the Secretary of State of the United States of America highlighted the fact that the countries need to keep their “eyes wide open” on the risks of using Chinese technology…

Cyber security provider Palo Alta to acquire Demisto Inc for $560 million

Demisto develops and markets automation tools for information security management, including a chatbot that assists in handling tasks. Palo Alto Networks Inc, a cyber security company stated it would be acquiring Demisto Inc, a U.S.-Israeli information security firm for $560 million using cash and stock. Founded in 2015 by four McAfee executives, Demisto develops and…