By Yashaswini Swamynathan Wall Street aimed to end 2016 on a positive note, setting up the Dow for its best annual performance since 2013 amid increasing optimism about the outlook for the economy. The markets have shown surprising resilience to major political events, such as Britain’s vote in June to leave the European Union and the election of Donald Trump as U.S. president in November. U.S. stocks, […]
The government of the United States has formally accused Russia of interfering with the 2016 presidential election through a series of hacking attacks. The outgoing Obama administration has issued sanctions for the alleged interference, moves that has prompted the Russian government to promise a retaliation. FBI, DHS Publish Joint Report On Russian Hacking The Federal Bureau of Investigation and the Department of Homeland Security published a joint […]
By Jeff Mason and Lesley Wroughton | HONOLULU/WASHINGTON HONOLULU/WASHINGTON President Barack Obama ordered the expulsion of 35 Russian suspected spies and imposed sanctions on two Russian intelligence agencies over their involvement in hacking U.S. political groups in the 2016 presidential election. The measures, taken during the last days of Obama’s presidency, mark a new post-Cold War low in U.S.-Russian ties which have deteriorated over Ukraine and Syria. […]
Health officials in New Hampshire revealed on Tuesday, Dec. 27, that a former psychiatric patient at a state hospital posted thousands of private information on a social media website. Jeffrey Meyers, commissioner of the state’s Department of Health and Human Services (DHHS), said the patient used a computer in the New Hampshire Hospital’s library in October 2015 to illegally access the personal data of 15,000 individuals who had […]
Some of the biggest law firms on Wall Street are scrambling to shore up their defences against cyber attacks, in the wake of a raid by Chinese hackers which led to millions of dollars of profits from insider trading. Preet Bharara, US attorney for the southern district of New York, this week charged three individuals who he said infiltrated law firms over a period of about 18 […]
DUBAI // A manager who was awarded Dh684,500 compensation from his employer put in an appeal for more money – and ended up with nothing. The manager had been put on trial at Dubai Criminal Court after his employer accused him of breach of trust. He was found not guilty and the court ordered he receive compensation for the salary he should have been paid while he […]
At this late date, weeks ahead of the inauguration of Mr. Trump, who openly lobbied on Israel’s side against the United Nations resolution, it is unclear what Mr. Kerry hopes to achieve from the speech, other than to leave a set of principles that he believes will one day emerge as the basis for talks, if and when they resume. Continue reading the main story Mr. Kerry, […]
By Nate Raymond | NEW YORK NEW YORK Three Chinese citizens have been criminally charged in the United States with trading on confidential corporate information obtained by hacking into networks and servers of law firms working on mergers, U.S. prosecutors said on Tuesday. Iat Hong of Macau, Bo Zheng of Changsha, China, and Chin Hung of Macau were charged in an indictment filed in Manhattan federal court […]
By Yashaswini Swamynathan Wall Street was higher on Tuesday, with the Dow Jones Industrial Average resuming its climb toward 20,000 and the Nasdaq hitting a record as technology and health stocks rose. The blue-chip index has been riding on a post-election rally, feeding on optimism that President-elect Donald Trump’s plans for deregulation and infrastructure spending would bolster the economy. The index, which came within 13 points of […]
The stadium lights ripped the darkness over an empty field. They weren’t supposed to be on. The lights at Princeton University’s stadium, recently upgraded, should have followed an automated cycle, reducing the need for human oversight. Instead, the… Date published 27 December 2016 Towards the end of October 2016, several Indian banks announced they would be recalling millions of debit cards in the wake of a data […]
JAKARTA An Indonesian court will proceed with a controversial blasphemy case against Jakarta’s Christian governor, who is accused of insulting the Koran, a judge said on Tuesday. A panel of judges rejected a call by lawyers defending Governor Basuki Tjahaja Purnama to strike down the case because it had violated the ethnic Chinese politician’s human rights and breached procedures. “The exception by the defendant will be considered […]
This year saw the release of the biggest leak of documents in history, when the Panama Papers were made public. Eleven million documents were leaked from one of the world’s most secretive companies, Panamanian law firm Mossack Fonseca. They revealed in detail how parts of the offshore industry work. We asked you what stories over the last 12 months you wanted to hear more about and in […]
The FBI has launched an investigation into the security breach that had affected computers of the Federal Deposit Insurance Corporation for several years starting from 2010, according to people familiar with the matter. Senior officials of the FDIC believe that the infiltration was sponsored by the military of China, as revealed in a congressional report that was published in July. Hackers Invade The FDIC According to the congressional […]
The National Security Agency can read your email. Verizon knows where you are at all times. Amazon is confident you’re in the market for a new printer. We know these things about the weird world we live in, but few of us ever stop to think about what they really mean. Recently, a group of artists got together in New York City to change that. […]
A round up of some of 2016’s most significant corporate events and news stories. Smartphone sales © EPA A bright start to the year for Samsung Electronicswent up in smoke, after it took the unprecedented decision to axe its Galaxy Note 7 line, following a spate of safety issues that saw the smartphone banned from aircraft, writes Nic Fildes. The 2016 Galaxy Note iteration won substantial praise […]
Yubico announced its plans to support Microsoft’s Windows Hello platform back in September at the Ignite conference, with the goal of bringing strong, hardware-based authentication to Windows 10. Finally, after nearly two months of waiting, the YubiKey for Windows Hello app has landed in the Windows Store. It’s a strong solution for retrofitting the additional protection of Windows Hello on systems that don’t have support for facial […]
Lately, cybersecurity has been the place where IT’s optimism goes to die. It’s been a tough road for companies and organizations the past few years as their network defenses have been bent and broken on a consistent, and often dramatic, basis. Hacks that topple over a billion user accounts are shocking and make a solution seem impossible. But IT is resilient despite on-going challenges in staffing, budgeting, […]
Friday 02:50 GMT Overview Asian markets not already shut for the holidays went into retreat, following a negative lead from Wall Street as investors took a breather ahead of the Christmas break. Hot topic Most major global stock markets were on track to finish December in the black, continuing the rally set off by Donald Trump’s presidential election victory in early November. In Asia, Japanese equities have […]
The Beyond the Net Funding Programme is proud to announce the results of our November 2016 grant application cycle. This cycle, we received 39 amazing applications from around the world. The project ideas were varied, original, and focused on helping local communities. It was hard, but the Selection Committee managed to pick six projects for funding. These projects were selected for their uniqueness, structure and the benefits […]
A study by RMIT University has found that around 2 million Australians are often risking data breaches by logging into internet banking and conducting other financial transactions on unsecured public Wi-Fi networks. In compiling its report [PDF] Practicing safe public Wi-Fi: Assessing and managing data-security risks, RMIT surveyed 1,200 adult Australians, asking explicitly what they do on public Wi-Fi networks, as well as what they know about […]
When mandatory telecommunications data retention legislation was first introduced — the so-called “metadata” retention laws — Australia’s favourite Attorney-General Senator George Brandis QC stressed that it wouldn’t be used to chase copyright infringers. “They can’t be and they won’t be,” Brandis said of the laws on ABC TV’s Q&A in November 2014. “The mandatory metadata retention regime applies only to the most serious crime, to terrorism, to […]
DUBAI // Housewives are risking fines and even jail by selling clothes, beauty products, home accessories and other items on social media without securing approval or a licence from authorities. The women, from India and Pakistan, are using sites such as Facebook and Instagram to sell their wares, which they either make themselves or bring from their home countries. This form of cottage industry is common on […]
Turkey’s lira, the second-worst performing currency of 2016, reverted to type with a bout of volatile trading after the country’s central bank kept interest rates unchanged. After strengthening by nearly 1 per cent ahead of the meeting, the lira came back under pressure and was trading at around TL3.54 to the dollar, although another bout of volatility subsequently pushed it higher in late London trading. Concerned about […]
It started off as one of those typical conversations you have when you’re in a foreign country and the taxi driver recognizes you to be a foreigner. “Where are you from?,” he asks, soon after I get into the bright yellow taxi cab, to which I reply “Sri Lanka.”“Beautiful country,” he responds.“Have you been there?” I ask him politely.“No, but my friend went there for a holiday. He […]
