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Report Says Asia Has the Most Innovative IT Firms

Report Says Asia Has the Most Innovative IT Firms

According to Clarivate Analytics’ 2017 State of Innovation report, 8 out of 10 of the most innovative IT firms can be found in Asia. 4 of the companies come from China, 2 from South Korea, and 2 from Japan. Six companies have made it to the Top 10 global semiconductor innovators, including Shenzhen China, Taiwan’s TSMC, Japan’s Toshiba, and South Korea’s SK Hynix. Samsung takes the lead in the semiconductor materials and processes subsector, with 26 more inventions than 2nd placer Taiwan Semiconductor Manufacturing.   Source: Mis-Asia

Russia Agrees to Regulation of Crypto-currency

Russia Agrees to Regulation of Crypto-currency

Right after statements from the Russian Central Bank which threatened to ban cryptocurrency in the country, Finance Minister Anton Siluanov now says authorities have agreed to its regulation. Siluanov, who was present last Tuesday in a meeting where Putin highlighted the risks of cryptocurrency, said that the agreement dictates that the state shall regulate the issuing, mining, and turnover of virtual currencies. Alexei Moiseev, Siluanov’s deputy, also added that Moscow would want to collect taxes from cryptocurrency miners. Source: Reuters

Study Says Cybersecurity Not a Top Concern for APAC Firms, Even After Breach

Study Says Cybersecurity Not a Top Concern for APAC Firms, Even After Breach

A study conducted by cybersecurity company Fortinet showed that as much as 88% of businesses in Asia-Pacific had been hit by a security breach within the last two years, but around 44% of IT leads say that cybersecurity is still not a priority for their execs. Despite this lukewarm attitude towards security, 64% said that around 10% of their company’s IT budget is allocated to security, while 73% revealed that their security budget had seen an increase from last year. The result was obtained from 601 respondents from the region, including Singapore, India, Indonesia, and Australia.  Source: ZDNet

Hacker Steals Data on Australia’s Military Capabilities

Hacker Steals Data on Australia’s Military Capabilities

Sydney, Australia – The Australian Signals Directorate (ASD) revealed yesterday that a hacker dubbed “Alf” was able to get access to around 30 GB worth of information on the country’s military capabilities. The foreign intelligence collection agency said that while the stolen data wasn’t “top secret”, it did include sensitive, non-public information on Australia’s fighter jets and planes, naval ships, and even guided bombs. ASD spokesperson Mitchell Clarke added that human error was largely to blame for the error, as the Department of Defense contractor responsible for the breach used weak passwords and had apparently hired only one IT personnel […]

Cybercriminal Gang Uses Clever OverDraft Technique to Steal Millions from EU Banks

Cybercriminal Gang Uses Clever OverDraft Technique to Steal Millions from EU Banks

A group of cybercriminals had reportedly been able to steal around $40 million from Eastern European banks by using a sophisticated string of techniques comparable to last year’s SWIFT hacks. A report by Trustwave SpiderLabs includes an in-depth breakdown of the techniques used by hackers, which is believed to be part of an international crime syndicate. The multi-stage attack involves using a “cash mule” who would withdraw massive amounts right once the hacker compromises the bank’s systems and modifies the card’s overdraft limits. The attackers targeted banks with poor security in post-Soviet countries, taking off with around $3 million to […]

Russian, Crimean Organizations Obtain Microsoft Products Despite Sanctions

Russian, Crimean Organizations Obtain Microsoft Products Despite Sanctions

News agency Reuters recently discovered that Russian and Crimean state organizations were able to acquire Microsoft products, despite sanctions prohibiting US businesses from dealing with them. Sources involved in the transactions revealed that the products were sold by third parties, and there is no evidence that would show Microsoft’s direct participation in the sale. A representative from Microsoft said that the company is looking into the situation, stressing that their robust trade compliance process will ensure that any improper sales and usage by banned customers will be acted upon. Source: Reuters

South Korean Lawmaker Says North Korean Hackers Stole Military Plans

South Korean Lawmaker Says North Korean Hackers Stole Military Plans

South Korea’s Yonhap news agency recently reported that North Korean hackers have stolen sensitive military data from South Korea, as claimed by parliament member Rhee Cheol-hee. Rhee, a member of the parliamentary defense committee, revealed that the hackers were able to breach the Defense Integrated Data Center and obtain information on South Korean special forces, energy and military facilities, as well as joint US-South Korea military plans. The data, amounting to around 235 gigabytes of documents, were stolen last September. North Korea has denied the accusations, while the South Korean defense ministry declined to comment. US Department of Defense has […]

Singapore A*STAR’s “REX” to Improve Network Security

Singapore A*STAR’s “REX” to Improve Network Security

Singapore’s Agency for Science, Technology and Research (A*STAR) recently announced that it has developed a new kind of data structure dubbed “REX” which is designed to block cyber attacks and facilitate better data flows within the network. Vrizlynn Thing of A*STAR’s Institute for Infocomm Research says that the Resilient and Efficient data Structure (REX) is able to address the inefficiencies of traditional hash tables using different memory technologies and the characteristics of internet traffic, thus improving network performance. Thing revealed that REX was able to outperform Cuckoo and Peacock in data analysis of real, recorded network traffic. However, they would […]

Putin, Russian Central Bank Says Cryptocurrency Exchanges Will Be Banned

Putin, Russian Central Bank Says Cryptocurrency Exchanges Will Be Banned

Recent statements from the Russian President and the First Deputy Chairman of the Central Bank of Russia indicate that the country may be shutting down cryptocurrencies for good. Putin said last Tuesday that there is big risk accompanying cryptocurrencies, which can easily be used for illegal activities, which is why Russia will be blocking companies that sell Bitcoin and other similar virtual currencies. Sergei Shvetsov, the Central Bank’s First Deputy Governor also called the currencies “dubious instruments for retail investors” in a recent conference in Moscow. This is a turnaround from Finance Minister Anton Siluanov’s statement last month, wherein he […]

Up to 350 Clients Affected in Deloitte Hacking Incident

Up to 350 Clients Affected in Deloitte Hacking Incident

The Guardian recently revealed that the information of around 350 clients had been compromised in the recent cyberattack on global accounting firm Deloitte. Deloitte initially said that only 6 clients had been affected, but the Guardian says that their sources divulged that data belonging to the US departments of state, energy, homeland security and defence, the Postal Service, the National Institutes of Health, “Fannie Mae” and “Freddie Mac” may have been compromised. Other clients including FIFA, four global banks, three airlines, two multinational car manufacturers, energy giants and big pharmaceutical companies were named by the source, who also contested Deloitte’s […]