Security News
Taiwan's Ministry of Justice has tasked its Investigation Bureau to conduct a series of raids around the island and hauled in 60 Chinese nationals suspected of lifting trade secrets or poaching talent from China-owned firms. "The Chinese Communist Party has made a large-scale detour to Taiwan through mainland enterprises and poached Taiwan high-tech industry talents with high salaries," explained the Investigation Bureau of the Ministry of Justice.
China is this week staging its annual "Two Sessions" meetings, which see its pair of top decision-making bodies meet to set the agenda for the coming year. That's very specific language that China's president Xi Jinping uses to indicate the point at which China is again a pre-eminent player in world affairs.
As big tech companies from the West swiftly and happily comply with new rules that prohibit interactions with Russia, Chinese companies will soon feel pressure to do likewise - and counter-pressure to resist such calls. In early February, Russia and China re-affirmed their relationship as having "No limits" and essentially declared they are best friends forever.
As Russia's invasion of Ukraine continues, the technology industry is trying to use its services to make a difference - and to keep those services available as the war makes it harder to operate. The Global Sourcing Association - a UK-based body formerly known as the National Outsourcing Association and which promotes strategic use of services resources around the world - last week reported "Evidence of service disruption as companies are struggling to exercise their business continuity plans due to the extent of the disruption and employees are having to decide if they want to stay and work or choose to evacuate the main cities."
An infosec startup says it has built an Apple Airtag clone that bypasses anti-stalking protection features while running on Apple's Find My protocol. "In particular," said Bräunlein, "Apple needs to incorporate non-genuine AirTags into their threat model, thus implementing security and anti-stalking features into the Find My protocol and ecosystem instead of in the AirTag itself, which can run modified firmware or not be an AirTag at all."
In this interview with Help Net Security, Lee Garf, GM of Financial Markets Compliance at NICE Actimize, explains how behavioral intelligence technology can help the finance sector tackle client abuse and lower regulatory risk. How has the pandemic impacted financial institutions and wealth managers compliance wise?
Taiwan's Parliament, the Executive Yuan, yesterday revealed draft amendments to national security laws aimed at deterring and punishing Chinese economic espionage efforts directed at stealing tech industry secrets. Premier Su Tseng-chang said Taiwanese authorities have observed Chinese interests infiltrating local operations and "Utilizing various methods to lure high-tech talent from Taiwan and steal Taiwanese core technologies."
CISOs report to CEOs, CIOs, CTOs and more, and the skills needed depend on the nature of the business and who they report to. Reporting lines do not dictate power or the value of a role, but when most CISOs are still reporting to a technical leader - this limits the ability to be strategic and dilutes value.
Faced with a seemingly endless onslaught of schemes and scams, anti-fraud pros have doubled down on analytics, finds the latest anti-fraud technology study by the Association of Certified Fraud Examiners and SAS. Based on survey responses from nearly 900 ACFE members worldwide, the report illuminates how organizations across sectors are using technology to fight fraud. "Navigating the pandemic-forged business landscape, we've seen increased reports of fraud - a trend we don't expect to slow any time soon," said Bruce Dorris, J.D., CFE, CPA, President and CEO of the ACFE. "To stay ahead of not only the increased volume of fraud instances, but also emerging trends, it's critical for organizations to be flexible and proactive in adopting new anti-fraud tools and processes."
Two New York-based "Tech entrepreneurs" were arrested on Tuesday for allegedly conspiring to launder $4.5bn in stolen cryptocurrency, the US Department of Justice said, adding it's so far recovered $3.6bn in purloined digicah - based on current prices. At the time the funds were stolen in August 2016, a single BTC traded for about $540, making 119,754 BTC worth about $65m. Today, one BTC sells for roughly $43,170, making the total haul worth about $5.2bn; it was valued at around $4.5bn at the time the feds filed their court documents.