30 Jan 2016

Security Firm Norse Corp. Imploding

“‘The systems in question are fake systems….and the data obtained cannot be accurately used for attribution,’ Lee wrote of Norse’s sensor network. ‘In essence, Norse identified scans from Iranian Internet locations against fake systems and announced them as attacks on industrial control systems by a foreign government. The Norse report’s claims

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20 Nov 2015

Ex-Navy Seal Bets on Newly Discovered Congo Copper Deposit

“Frontier Resource Group, founded by former U.S. Navy Seal Erik Prince, is in talks with a potential partner to develop a copper deposit in central Democratic Republic of Congo where the company says the metal has never been found before. The company expects to seal a ‘multi-million dollar deal’ with

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11 May 2015

Blackwater Founder Turns White-Collar CEO Aiding Chinese Firms

“Nearly five years after selling his notorious soldiers-for-hire business, the founder of Blackwater Worldwide is once again running operations in some of the world’s most hazardous places. This time, instead of providing machine-gun-wielding contractors, Erik Prince is offering Chinese customers logistical support to get in and out of African danger

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16 Apr 2015

Ethiopia: Chinese firm to start gas drilling by July

“Ethiopia expects Chinese firm POLY-GCL Petroleum Group Holdings Ltd to begin drilling for natural gas in development blocks in the southeast by June or July, the mines minister said. Foreign firms have acquired licences to explore in more than 40 blocks throughout Ethiopia in the past four years, mostly in

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11 Apr 2015

Why Billionaire Investor Reid Hoffman Is Betting Big on Bitcoin

“Once I started really digging into it, I came to realize that there are three aspects to Bitcoin that are interwoven and Bitcoin is most interesting because of them. They are: One, it’s an asset, like digital gold 2.0. Two, it’s a currency in as much as currency is like

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06 Apr 2015

Could Security Concerns Scuttle M&A And Investment Deals?

“Last week’s breach of communication software start-up Slack offered a great example of how information security is not just a big consideration of customers and business partners, but also potential investors and acquiring companies. Increasingly, financial experts believe that the examination of a company’s IT security posture should be as

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06 Apr 2015

Businesses Make Greater Investment in Threat Intelligence

“Threat intelligence has proven effective in stopping certain security incidents, but improvements are necessary to strengthen an organization’s security posture, according to a Webroot- commissioned survey of 693 U.S security professionals conducted by Poneman Institute. Forty percent of companies surveyed had a material security breach in the past 24 months.

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06 Apr 2015

Google in talks with mobile operators for cheap overseas calls

“Google is in talks towards a deal with Hutchison Whampoa, the owner of the mobile operator Three, that will allow Americans to use their phones abroad at no extra cost, industry sources have disclosed. The two giants are discussing a wholesale access agreement that would become an important part of

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03 Apr 2015

Uber Lures Facebook Security Chief Joe Sullivan to be CSO

“New age car service Uber on Thursday said that it has hired former Facebook security chief Joe Sullivan as its first ever Chief Security Officer. Sullivan, who will take the position as CSO at Uber in late April, joins the company after 5 years at Facebook in a similar role,

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03 Apr 2015

Beirut’s Bright Future As A Tech Hub For MENA, If Its Politicians Will Allow It

“Last week a new $71 million MENA-focused VC fund was announced by Leap Ventures, based out of Beirut. And the Lebanon Central Bank ‘Circular 331’ initiative promises to put up to $400 million into the local startup economy. In addition, this year, the UK government is supporting a scheme to

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