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US, Israel Team Up Against Cybersecurity Threat

Thomas Bossert, assistant to US President Donald Trump for Homeland Security and Counter-terrorism announced a bilateral cyber working group between US and Israel at the Cyber Week 2017 conference held in Tel Aviv. The group will be led by US White House cybersecurity coordinator Rob Joyce and Eviatar Matania, Israel’s director general of the National Cyber Directorate, with the aim to protect critical infrastructure against attacks while tracking down perpetrators. Bossert mentioned that the cybersphere has been one of the biggest strategic challenges after 9/11 since cyberspace knows no boundaries, and that there needs to be an international consensus regarding […]

Eye-tracking Company SMI acquired by Apple

Apple acquires German company SensoMotoric Instruments (SMI) reports MacRumors. The eye-tracking firm is a significant contributor to the eye-tracking industry, producing hardware for consumer-centric applications such as virtual reality eye-tracking and proprietary eyeglass research. The company also created an eye-tracking development kit made for the HTC Vive VR headset in the previous year. Apple has confirmed the purchase but did not give out any information on their specific plans to use the company’s technology. Source: Tech Crunch

Cisco, Apple to Widen Partnership to Improve Security

Cisco CEO Chuck Robbins’ keynote address in July 26 discussed the two companies’ plans to expand their partnership, specifically in the field of security to help reduce the rising cost of cyber-security insurance premiums. The IT giant also announced the Cisco Security Connector program for iOS devices which will allow enterprises a better view of corporate-owned iPhones and iPads to enhance protection against cyber-attacks while ensuring the devices meet compliance requirements. Source: EWeek

China Reveals Response Plan to National Cyber Threat

The Cyberspace Administration of China has created a nationwide response plan against internal and external cyber-attacks. The plan includes provincial network upgrades and the creation of expert response teams for its centralized reporting system. It will have a four-tier color-coded warning that categorizes cyber-attacks according to severity: red, orange, yellow, or blue, with red as the highest level of alert. Any government department that fails to carry out the plan will also be criminally charged. The plan intends to protect Chinese cyberspace from sophisticated global threats. The country has seen a spike of cyber-attacks up to 950 percent between 2014 […]

Ransomware Attack Causes Global Disruption

Companies around the globe report that they have been hit by a cyber-attack that freezes the computer until a ransom in Bitcoin is paid. British ad agency WPP, Ukrainian state power company, and Kiev’s main airport were some of the more prominent targets. The Chernobyl nuclear power plant also had their Windows-based sensors incapacitated. Ransomware works by encrypting files in a network, making them inaccessible, then soliciting payment to decrypt infected computers. Russian Kaspersky Lab reports that they believe this is a new version of a malware that they have not seen before, dubbing the attack “NotPetya”, in reference to […]

EU Hits Google’s Shopping Service with Record Fine

The European Commission ruled against Google for abuse of influence. The tech giant was said to have “distorted the market” by promoting its own shopping comparison service to appear on top of search results. This amounted to a $2.7 billion fine, and if the company continues their anti-competitive prices within 3 months, they will have to pay a staggering $14 million a day. European Union’s Competition Commissioner Margrethe Vestager said in a statement that under the EU’s antitrust rules, what Google has done is illegal as it deprived EU consumers of the benefits of competition, genuine choice, and innovation. This […]

Israeli Tech Startups Look Outside of Israel for Recruits

Israel’s technology industry is the fastest growing part of the country’s economy, accounting to 14 percent of economic output and 50 percent of exports.  The technology comes at risk as the country is at a shortage of workers. Alexey Chaminov, founder of a local software design firm, Eastern Peak tells Reuters, “I worked for years in the Israeli market and I knew what the costs were in Israel and I knew there was a shortage of workers.” Source: SBS

Bitcoin Drop Crashes Ethereum By 20%

Cryptocurrency Etherium plunges Monday despite efforts to increase user confidence by declaring credit for customers who lost money on last week’s flash crash. Bitcoin rival Etherium, also known as ether briefly dropped in a flash crash last week from more than $300 to 10 cents on Coinbase’s GDAX exchange. According to Coin Desk, Ether traded 20.9 percent lower at $239.63 on Monday afternoon. Source: CNBC

Barclay Discusses Bringing Bitcoin “Into Play” with Regulators

Barclay is in talks with regulators and financial technology firms about bringing bitcoin and other cryptocurrencies “into play”, Ashok Vashani, the bank’s U.K chief executive tells CNBC this Monday. Banking giant Barclay reveals meeting with Britain’s Financial Conduct Authority (FCA) discussing how to make Bitcoin safe. “We have been talking to a couple of fintechs and have actually gone with the fintechs to the FCA to talk about how we could bring, the equivalent of bitcoin, not necessarily bitcoin, but cryptocurrencies into play.” says Vashani at the Money 20/20 fintech conference in Copenhagen, Denmark. Source: CNBC

MPs Unable to Access Emails After Cyber-attack on Parliament

Parliament members were unable to access their emails after a “sustained and determined” cyber-attack by hackers attempting to access MP and their staffers email accounts. The hackers were attempting to gain access through accounts with weak passwords. “Earlier this morning, we discovered unusual activity and evidence of an attempted cyber-attack on our computer network.” said an email sent to affected personnel. A statement from the House of Commons said they are investigating the incident with the National Cyber Security Centre (NCSC) as they take further measures to secure the computer network. Source: The Guardian