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Industry News: ESG5

EU Cyber Defense Agency Warns Against Iran's Expansion Of Cyber Espionage

2019-01-28

JPost: Iran is likely to expand its cyber espionage activities as its relations with Western powers worsen, the European Union digital security agency. Online disinformation campaigns in recent years as the country tries to strengthen its clout in the Middle East and beyond, a Reuters Special Report published in November found. This month the European Union imposed its first sanctions on Iran since world powers agreed a 2015 nuclear deal with Teheran, in a reaction to Iran's ballistic missile tests and assassination plots on European soil...

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UAE Used Cyber Super-Weapon To Spy On Iphones Of Foe

2019-01-31

A team of former US government intelligence operatives working for the United Arab Emirates hacked into the iPhones of activists, diplomats and rival foreign leaders with the help of a sophisticated spying tool called Karma, in a campaign that shows how potent cyber-weapons are proliferating beyond the world’s superpowers and into the hands of smaller nations...

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Cyber Attacks Outpacing Physical Terror Attacks

2019-01-27

BusinessStandard: With increasing cases of data breaches and information loss happening on the Internet, cyber attacks are outpacing physical attacks among far-left groups and can cause greater destruction, researchers say. According to lead author Thomas Holt, Professor at the Michigan State University (MSU), the high-profile nature of the internet -- on which the ideological groups can manipulate traffic -- is the ideal platform to attack...

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Mitsubishi Electric Develops Cyber Defense Technology for Connected Cars

2019-01-22

Globalbankingandfinance: Mitsubishi Electric Corporation announced that it has developed a multi-layered defense technology that protects connected vehicles from cyberattacks by strengthening their head units defense capabilities. The technology will help realize more secure vehicle systems in line with the increasing popularity of vehicles that are equipped for connection to external networks...

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Huawei Director and Polish Cybersecurity Expert Arrested Over Spying Accusations

2019-01-11

tvnz: Poland has arrested a director at the Chinese tech giant Huawei and one of its own former cybersecurity experts and charged them with spying for China, authorities said Friday. The development comes as the US is exerting pressure on its allies not to use Huawei, the world's biggest maker of telecommunications network equipment, over data security concerns...

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Davos Leaders Urge India, US to Join Coalition Against Cyber Threats

2019-01-24

BusinessLine: Emphasising that cybersecurity is crucial to keep the world safe, global leaders have urged India and the US to join an international coalition against cyber threats. “The world’s biggest democracy needs to stand with the world’s other great democratic nations. The world needs India,” Microsoft’s President and Chief Legal Officer Bradford L Smith said here at the World Economic Forum Annual Meeting 2019...

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Business Failing to See Strategic Value of Cyber Security

2019-01-24

ComputerWeekly: UK businesses are failing to get value out of cyber security because they fail to see its strategic importance and often have a negative attitude towards security professionals, a study has revealed...

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Mergers & Acquisitions: Privacy and Security Considerations

2019-01-22

BankInfoSecurity: How do data privacy and security matters affect organizations that are contemplating a merger or acquisition? Attorney Iliana Peters offers insights into the various cybersecurity, data breach and compliance issues that can potentially doom a business deal...

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Cyber Threats for Oil and Gas

2019-01-24

IOT: Hackers always try to target sectors which have weak cybersecurity shields. Since enterprises like banks, insurance companies and airways are fully aware of consequences of a small cyber breach. They have learned great lessons in past decades and have an understanding that cyber security is their ultimate responsibility. Hackers are also fully aware of this, so they have turned to easier targets, and one potential client for them are oil and gas companies...

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Why Cyber-Security Should Be Top Priority For Banks That Want to Rehabilitate Their Reputations

2019-01-23

CSOAre cyber-attacks an inevitability in the financial services industry, given the wealth of personal data – and funds – entrusted to the keeping of banks, insurers and other players in the sector? Management consultancy PwC thinks so. Its Top Financial Services Issues of 2018 Report divided financial services organisations into two categories – those that have faced a cyber-attack and those that will... 

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