Saudi Arabia’s aviation agency was attacked last month by an aggressive computer virus intended to disrupt high-profile government targets, officials and experts said on Thursday. The attack, which experts say emanated from outside the country, used a version of Shamoon, malware used to target the Saudi energy sector four years ago. Similar kinds of data-clearing software were used in 2014 against the Las Vegas Sands and Sony. […]
The Congress party’s official Twitter account was apparently hacked Thursday morning, a day after its vice president Rahul Gandhi’s feed erupted with abusive tweets following a similar breach. “Congress can kiss our ass” one tweet from @INCIndia read. Another promised a “full dump” of Congress emails in what it described would be a “Christmas special.” On Wednesday night, a series of tweets from @OfficeofRG ridiculed Mr. Gandhi and […]
In this Feb. 25, 2014 file photo, theSamsung Galaxy S5 is displayed at the Mobile World Congress in Barcelona, Spain, Tuesday, Feb. 25, 2014. Leading tech companies are increasingly nudging consumers to use their own fingers, faces and eyes as digital key to unlock phones and other gadgets. But there are downsides: Hackers could still steal your fingerprint, or its digital representation. And police may have broader […]
Pursglove would soon learn, however, that navigating this offshore archipelago is not easy. In any given year, trillions of dollars sit safely in the offshore financial world, effectively stateless, protected by legions of well-compensated defenders and a tangle of laws deliberately designed to impede creditors and tax collectors. Even the United States government finds it challenging: A special Internal Revenue Service division known as the “wealth squad,” […]
By Alessandra Prentice | KIEV KIEV Ukraine was due to start two days of missile tests on Thursday – a move that has angered Russia, prompting it to put its air defence forces on high alert on the annexed Crimea peninsula. The disagreement marks a fresh escalation in tensions between the one-time allies, whose relations collapsed in 2014 after Russia seized Crimea and backed pro-Russian separatists fighting […]
Malware dubbed Gooligan targets devices running Android 4.0 and 5.0, which represent nearly 74 percent of mobile devices using the Google-powered operating system Malicious software designed to attack Android smartphones has breached the accounts of more than a million Google users, security researchers said Wednesday. The report by Check Point Software Technologies said the malware dubbed Gooligan targets devices running Android 4.0 and 5.0, which represent nearly […]
Photo Khalid al-Falih, center, the Saudi energy minister, at the OPEC meeting in Vienna on Wednesday. Credit Christian Bruna/European Pressphoto Agency VIENNA — After years of trying fruitlessly to prop up energy markets, OPEC on Wednesday finally reached a consensus on production cuts, sending oil prices soaring. The problem is, the euphoria may not last. With prices still at less than half the levels of two years […]
By Isabel Coles and Saif Hameed | MOSUL/BAGHDAD, Iraq MOSUL/BAGHDAD, Iraq The United Nations issued a fresh warning on Wednesday about the humanitarian situation in eastern Mosul where the U.S.-backed Iraqi army is locked in heavy fighting with Islamic State militants. More than six weeks into the offensive against Islamic State’s last major city stronghold in Iraq, the army is trying to dislodge militants dug in among […]
Submitted by Kelli Sladick via Tenth Amendment Center, During the last eight years, the Obama administration failed to live up to its promise reverse the Bush era’s mass surveillance of American citizens. In fact, it was expanded and justified. If you were silent, the sweeping power controlled by the president may not be on your radar for the right reasons. While there is a deep fear resonating, […]
Identity and access management is on the cusp of changes that will help define its overall role in enterprise security, adapt it to meet new access requirements, and combine it with security tools to form protection that extends to devices, cloud services and customer identification. This evolution was outlined Tuesday during the opening keynote at the Gartner Identity and Access Management Summit in Las Vegas. “The undercurrent […]
People have a general idea of how much a rocket-propelled grenade costs. What about a cyber weapon? (Baz Ratner/Reuters), Max Smeets is a D.Phil candidate and research affiliate of the Cyber Studies Programme at the University of Oxford. His work analyzes the proliferation of cyber weapons. Can a non-state actor take down critical infrastructure with a cyberattack? If it is not possible today, will it be possible […]
BARTELLA, Iraq: Iraqi special forces battling to clear Daesh from eastern Mosul have killed nearly 1,000 militants but fighting has slowed as troops face a mobile enemy hidden among thousands of civilians in the city, a top commander said. Six weeks into a major offensive, Iraqi forces have captured nearly half of eastern Mosul, moving from district to district against militant snipers, suicide attackers and car bombs.Elite […]
28 November 2016 Manama, Kingdom of Bahrain: The Shari’ah Board of AAOIFI held its meeting No. 46 from 17 to 19 November 2016 in the Kingdom of Bahrain. Over more than 25 meeting hours, the board discussed specific issues and reviewed a number of technical and Shari’ah reports. The meeting was concluded with issuance of a number of resolutions as well as the adoption of two new […]
It’s laudable that Trump wants to bring factories back to USA. But how about virtual, monetary factories? Moving financial institutions such as banks, insurers, brokerage houses, exchanges, and other institutions brings the most bang for the buck when it comes to revitalizing America’s economy. As we explain in Splitting Pennies, even though money doesn’t exist, it’s the most important part of a healthy economy. The business climate […]
The survey of U.S. business executives released Friday by the American Chamber of Commerce in China showed 26% had seen data or trade secrets stolen over an unspecified time period. More than 40% said they saw the risk of a data breach in their China operations rising. The chamber hasn’t previously released survey results related to data theft. (via WSJ)
MOSCOW/KIEV Moscow protested against Ukraine’s plans to carry out missile tests near Crimea, which Russia annexed in 2014 following the toppling of a pro-Russian Ukrainian president, raising the temperature in the dispute between the two countries. Russian aviation agency Rosaviatsia said late on Friday it has received a notification from Ukraine on missile tests in “Russia’s sovereign air space” on Dec. 1 and 2 in the region […]
The dollar broke new ground in its post-US election surge against the yen on Friday as the market eyed a potential ¥3.8tn ($34bn) deluge of yen selling by life insurers. Tokyo’s morning session saw speculators pushing the dollar into the high ¥113 zone — an eight-month peak and a move that is underpinned by more unwinding of long yen positions built ahead of what big Japanese investors […]
By Stanley Carvalho and Agnieszka Flak | ABU DHABI/MILAN ABU DHABI/MILAN Alitalia could cut up to 2,000 jobs as controlling shareholder Etihad Airways pushes for sweeping changes to turn the loss-making airline around, according to sources close to the matter. The Italian carrier may also ground at least 20 planes to cut certain unprofitable routes on domestic and regional services where it is struggling to compete with […]
By Caroline Valetkevitch | NEW YORK NEW YORK U.S. stocks edged higher in afternoon trading on Tuesday, pushing the Dow above the 19,000 level and the S&P 500 above 2,200, though a fall in healthcare stocks weighed on the market. All three indexes along with the small-cap Russell 2000 index again hit intraday record highs, a day after all four indexes set record closing highs, extending their […]
Investors, central bankers and policymakers are once again talking about investing in infrastructure as a way to stimulate flagging economies around the world. If the zeitgeist is to be believed, 2017 will see a burst of infrastructure investment-related activity. It’s a good idea, but there is plenty of reason to suspect that little will happen. A big reason why infrastructure investment is back in vogue is that […]
FRANKFURT Deutsche Bank has cleared its chairman of accusations by shareholders that he was partly to blame for the bank’s poor cooperation with authorities over alleged rate-rigging, daily Sueddeutsche Zeitung has cited financial sources as saying. Last year, Deutsche Bank agreed to settle a case over the alleged manipulation of interbank rates such as Libor for a record $2.5 billion with U.S. and British authorities, which had […]
The organizers pressed ahead because holding the races near the large population of the Northeast corridor could pay dividends in revenue and attention. And if Killington’s gamble succeeds, it could set the stage for the region to become a fixture on the World Cup circuit. Continue reading the main story It is hardly a sure thing. Climate change has already troubled elite ski racing for several years […]
DUBAI // A pair of daredevil cyclists have come up with a novel way to celebrate the festive season, while encouraging residents to give unwanted toys to children in Nepal as presents. Dubai residents Olga Zolotova, 25, and Mohammad Khalaf, 29, are planning on cycling 300 kilometres on Christmas Eve across Abu Dhabi’s Liwa Desert in 24 hours. Their route will draw the outline of a gift […]
JPMorgan has agreed to pay $264m to settle a US probe into its employment of well-connected Chinese “princelings” to win business. The settlement, expected to be announced on Thursday, would be the first to arise from a Securities and Exchange Commission inquiry launched in 2013 to determine whether bank hiring practices breached the US Foreign Corrupt Practices Act. The 1977 law bans companies from paying bribes to […]
