The Central Bank of the UAE (CBUAE) conducted on Sunday a first-of-its-kind cyberattack simulation exercise designed to test the resilience of the country’s banking sector against cyber threats. “The exercise affirms CBUAE’s preparedness to prevent or mitigate cyber threats that may cause disruptions to the UAE’s economy and financial stability,” a statement by CBUAE explained. […]
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Efforts to assess the impact of a more than seven-month-old cyberespionage campaign blamed on Russia — and boot the intruders — remain in their early stages, says the cybersecurity firm that discovered the attack. The hack has badly shaken the U.S. government and private sector. The firm, FireEye, released a tool and a white paper […]
While almost all industries where rattled by the advent of the pandemic – a commonality that they all shared was just how crucial tech is right now, and how it has acted as an enabler in 2020. These strides in tech where what allowed companies to continue operations throughout lockdowns and enabled staff to work […]
German Chancellor Angela Merkel’s Cabinet approved a bill Wednesday that would require companies involved in setting up critical infrastructure such as high-speed 5G networks to guarantee that their equipment can’t be used for sabotage, espionage or terrorism. The bill, which now goes to parliament, seeks to address concerns that vendors such as Chinese tech company […]
This year has been unlike any other in living memory, barely any aspects of our lives have been spared by the impact of the worst public health crisis in decades. The worldwide COVID-19 pandemic shifted the way we lead our day-to-day, laying bare to our collective fragility, while greatly heightening our sense of uncertainty. The […]
Fear of automation has been present since the first industrial revolution, and as we slowly edge closer toward entering its fourth iteration, that very same fear has lingered and begun to creep up once more. Only now it has cozied up to another worthy ally that could unearth age old fears of job loss: artificial […]
Prominent U.S. cybersecurity firm FireEye said Tuesday that foreign government hackers with “world-class capabilities” broke into its network and stole offensive tools it uses to probe the defenses of its thousands of customers, who include federal, state and local governments and top global corporations. The hackers “primarily sought information related to certain government customers,” FireEye […]
The UK government continues to tighten its grip on Chinese tech titan Huawei, and other “high-risk vendors” from the country’s 5G network rollout, by announcing a roadmap that would see UK telcos unable to install Huawei equipment as of September 2021. This will prove costly for British carriers who will be forced to kickoff the […]
Telecom companies in Britain face hefty fines if they don’t comply with strict new security rules under a new law proposed in Parliament on Tuesday that is aimed at blocking high-risk equipment suppliers like China’s Huawei. The Telecommunications (Security) Bill tightens security requirements for new high speed 5G wireless and fiber optic networks, with the […]
Cyberattacks across the world have drastically increased, while most of them don’t dominate headlines – such as the Adobe or Equifax breaches – hackers have targeted companies of all sizes seeing that business digitization is on the rise due to the COVID-19 pandemic. With the world transforming into a data-fueled reality, the risks become larger, […]