Author: Disini & Disini Law Office

iPhones to be Spared from Tariffs, Trump Promises Apple

iPhones to be Spared from Tariffs, Trump Promises Apple

President Donald Trump had reportedly assured Apple CEO Tim Cook that iPhones assembled in China will not be affected by tariffs his administration will be imposing on several categories of electronic goods. Sources have said that Cook went to the White House last month to warn the US president of the adverse effects the administration’s trade policies may have on Apple and the US technology sector. However, it was not specified when Trump made the promise to Cook, and both Apple and the White House have yet to issue their comments on the matter.   Source: Reuters

US Senate Votes to Reimpose Sanctions on ZTE

US Senate Votes to Reimpose Sanctions on ZTE

The deal struck by the Trump administration to let ZTE resume its business in the US may soon be negated as the Senate passed this week the National Defense Authorization Act, a military funding bill, which includes a provision that would retain sanctions on the Chinese telecom giant. The Senate version of the NDAA, which passed 85 against 10, will now be sent to the conference committee to reconcile differences with a version passed by the House of Representatives last May. However, it is said that the sanctions may still not make it out of the conference period before it […]

New IoT Camera Flaw Can Give Attackers Full Control

Researchers from VDOO recently warned against a newly discovered flaw in IoT cameras that hackers can exploit to gain full control of the device. The researchers further revealed that the bug was found in around 400 internet camera models from one manufacturer, Axis Communications. It is said that the bug can allow hackers full access to the device with just the IP address, even without login credentials.      Axis announced that it had already patched the firmware of all affected products and assured consumers that there was no evidence that the vulnerabilities had been exploited in the field. Source: ZDNet

IBM AI Project Convincingly Rebutts Human Debater

IBM AI Project Convincingly Rebutts Human Debater

The capabilities of IBM’s Project Debater was recently demonstrated when it was pitted against Israel’s national debating champion Noa Ovadia in San Francisco. Experts say that the machine, which drew its knowledge from hundreds of millions of documents and was not connected to the Internet, was a groundbreaking display of artificial intelligence. The audience who attended the event voted that the machine offered better arguments, despite a few slip-ups. Ms. Ovadia also remarked that it was very optimistic about how humans respond to facts and figures. Arvind Krishna, IBM’s director of research, said that their experiment seeks to push the […]

CEO of Goldman-backed Fintech Says All Currencies Will Become Cryptocurrencies  

CEO of Goldman-backed Fintech Says All Currencies Will Become Cryptocurrencies  

The CEO of a Goldman-backed startup remarked this week that every currency in the world will soon become cryptocurrencies. Jeremy Allaire of Circle says that the transition will be inevitable. He also revealed that his company, which offers a blockchain-powered app that allows free money transfer, is looking to introduce a cryptocurrency pegged to the US dollar. The company says this will speed up dollar transactions and reduce volatility in most cryptocurrencies. The $3 billion company, which is also backed by Chinese internet giant Baidu, also offers over-the-counter cryptocurrency trading for institutional investors, in addition to other cryptocurrency products. Source: […]

Lack of APAC Businesses Collaboration Compromising Regional Security

Lack of APAC Businesses Collaboration Compromising Regional Security

Microsoft CSO Michael Montoya recently remarked that the lack of information exchange and breach disclosure between legitimate APAC businesses is affecting the security posture in the region which remains the least mature and most frequently attacked globally. Montoya added that threat actors are actually collaborating more and out-evolving the industry. It was also noted in Microsoft’s latest Security Intelligence Report that Asia, particularly the fast-growing economies of Southeast Asia, is a popular target for threat groups because of its accelerated digital transformation. According to Montoya, the region maintains an archaic defence posture despite its widening the attack surface, which makes […]

Facebook Bans Gun Accessories Ads from Children

Facebook Bans Gun Accessories Ads from Children

Facebook announced last Friday that it will stop showing weapon accessory advertisements to users below 18 years old. While guns and gun modification ads are already prohibited on the social network, Facebook says that accessories like holsters, belt accessories, as well as any products mounted on guns for the purposes of illuminating, magnifying or focusing will only be shown to users 18 and above starting June 21. The move is said to be line with discussions in the US on gun violence and school shootings. Source: Business Insider

BIS Seek Stricter Rules for Fintechs, Credit Funds

BIS Seek Stricter Rules for Fintechs, Credit Funds

The Bank for International Settlements (BIS) said last Sunday that funds that provide credit, shadow banks, and fintech firms should be covered by regulations introduced to address banking booms and busts. The BIS said that macroprudential policy that requires banks to put up “countercyclical” buffers of capital should extend to asset management funds, not only to protect consumers and preserve the soundness of individual funds, but to protect funds from the actions of others. It added that fintechs and similar app-based financial services are likely to shift risk and thus will require a new arsenal of macroprudential instruments. Source: Reuters

Genetic Testing Websites May Become New Social Networks

Genetic Testing Websites May Become New Social Networks

Recent statistics suggest that DNA testing sites such as 23andMe may soon become the new social networks. According to AncestryDNA, companies that provide self-performed genetic testing has already gained millions of customers within the past few years.    By matching willing participants in their large databases with others who share their DNA, the companies are able to help reunite long-lost relatives in a more layered version of Facebook when it was first launched. It is said that the websites’ internal messaging systems are integral in connecting users with relatives they do not know of. Source: CNBC

Google Pours $500 Investment into Chinese e-Commerce Giant

Google Pours $500 Investment into Chinese e-Commerce Giant

Google is set to invest $500 million into JD.com, one of China’s biggest ecommerce companies, in its continuing effort to gain ground against its rivals in Asia’s fast growing markets. The two companies revealed that the partnership will include the advertisement of JD.com products on Google’s shopping service, helping it gain exposure in US and European markets.   However, JD.com says that Google will not be pushing any new initiatives in China where its main services are still blocked due to the search giant’s refusal to comply with local censorship laws. In addition to Google, JD.com currently lists Tencent Holdings […]