18 Dec 2018

Ex-CIA director: It’s a tech war, not a trade war

Michael Morell, former acting director of the CIA, has characterized the ongoing China-U.S. trade war as a “an escalating technological cold war…not centered on tariffs and trade…[but] involves both China’s use of technology to steal information and the theft of technology itself.” In the area of telecommunications, Morell warns that

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17 Dec 2018

The Amazing Ways Facial Recognition AIs Are Used In China

“The country on the cutting edge of facial recognition technology and the amazing ways it can be put to use is definitely China. While the Chinese government and many of the country’s current systems, large population (more than 1.3 billion citizens) and centralized identity data bases might make adopting facial

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11 Dec 2018

Cyberattacks are increasing, and so is cyber insurance

“‘Cyber insurance is a growth market for the industry today,’ said Sasha Romanosky, an expert at the RAND Corporation, a private research organization. He estimated that the current market size is around $2 billion in the United States, which may seem like a small size for an industry worth an

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11 Dec 2018

Factories in the U.S. Are Posting Job Openings Like Never Before

In spite of the ongoing trade war between China and the U.S., a broader uptick in manufacturing jobs and goods in aggregate has resulted in growth across some sectors not seen for nearly two decades. “The job openings rate for the durable-goods manufacturing industry reached 4 percent in October, a

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11 Dec 2018

Gazprombank enters secure crypto storage sector

Russia’s Gazprom is investing in cryptocurrency storage, projecting to open services in mid-2019. The energy giant’s banking division is partnering with a technology and crypto specialist format provide banks and wealth managers with a “fully integrated solution for the management of client portfolios across all asset classes including crypto-currencies.” The

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10 Dec 2018

Stopping the Cybersecurity Brain Drain Calls for Outside the Box Thinking

President Trump’s National Cyber Strategy includes the development of a “superior cyber workforce.” But given the difficulty in recruitment and retention of skilled cyber personnel, this goal may remain illusive. According to the Commerce and Homeland Security departments, there were around 299,000 openings for cybersecurity positions in August 2017, positions

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07 Dec 2018

Greek government plans crowdfunding for new warships

“Greece’s defense minister is appealing to his austerity-battered countryfolk for a crowdfunding effort to raise money for new warships, promising to donate part of his own salary. Panos Kammenos says he will open a bank account on Jan. 1 where members of the public can make donations ‘for new frigates

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06 Dec 2018

In Somalia, Businesses Face Triple ‘Taxation’ by Militants

Competition between Al-Shabab and pro-Islamic State groups in Somalia is further stifling economic activity across the area through forced taxation. “Business are paying three taxes today, Al-Shabab taxes, Daesh taxes, and the normal government taxes,” according to the former director of the National Intelligence Agency in Somalia. “If they don’t

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04 Dec 2018

The Biggest Data Breaches Of All Time, Ranked

News of new data breaches splash across the headlines on a seemingly weekly, if not daily, basis. Marriott’s loss of personal information from around 500 million guests is the most recent and one of the most largest. But how does it stack up against others by sheer numbers? This Nextgov

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03 Dec 2018

Cryptomining software could be used to steal corporate secrets

“Even though cryptocurrency prices have fallen, cybercriminals could still take advantage of mining software, and not for the reasons you think. Instead of creating alternative currencies, cryptomining software could be used for a more sinister attack that could steal corporate secrets, according to Troy Kent, a threat researcher at Awake

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