• Ruble falls further, Russian officials seek to calm nerves

    The Russian ruble is falling for a second straight day following the imposition of new U.S. sanctions, while the Central Bank chief and other officials are seeking to calm investors in the wake of a big sell-off in shares of Russian companies a day earlier.

  • The oligarch designations: Assets in the West are on the table

    The 6 April decision to freeze the assets of seven Russian oligarchs on 6 April raises the stakes of the Russia sanctions program, as it targets individuals and their companies who hold large investments in the West and who have important relationships with Western businesses and financial institutions — and who are in Vladimir Putin’s inner circle.

  • New approaches are needed to protect consumer data

    Facebook’s current privacy crisis and questions about how Google gathers, uses and stores our personal information demonstrate an urgent need to review and replace inadequate and outdated ways to regulate data and information, according to a business law expert.

  • Pulling valuable metals from e-waste makes economic sense

    Electronic waste — including discarded televisions, computers and mobile phones — is one of the fastest-growing waste categories worldwide. For years, recyclers have gleaned usable parts, including metals, from this waste stream. That makes sense from a sustainability perspective, but it’s been unclear whether it’s reasonable from an economic viewpoint. Now researchers report that recovering gold, copper and other metals from e-waste is cheaper than obtaining these metals from mines.

  • A new class of antibiotics to fight drug resistance

    According to the World Health Organization, antibiotic resistant is one of the biggest threats to global health today and a significant contributor to longer hospital stays, higher medical costs and increased mortality. An international research team has reported the discovery of a new class of antibiotics.

  • Russia seeks to block Telegram in showdown over internet freedom

    Russia’s state media regulator has asked a court to block the messaging app Telegram following the company’s refusal to give the Federal Security Service (FSB) access to users’ messaging data. The move may fuel concerns that Russia is seeking to curtail Internet freedoms following President Vladimir Putin’s 18 March election to a new six-year term.

  • Four types of employees who are potential insider threats

    Researchers have identified four types of employees who can become a threat to their organizations — omiters, slippers, retaliators, and serial transgressors – and explained the reasons why their workplace behavior declines. Managers, though, are not helpless in reducing employees’ disruptive behavior.

  • Diminutive robot defends factories against cyberthreats

    It’s small enough to fit inside a shoebox, yet this robot on four wheels — called HoneyBot — has a big mission: keeping factories and other large facilities safe from hackers. The diminutive device is designed to lure in digital troublemakers who have set their sights on industrial facilities. HoneyBot will then trick the bad actors into giving up valuable information to cybersecurity professionals.

  • A country's wealth growth is indicated by slowing of metal use – or does it?

    It is widely believed that a nation’s metal use plateaus when that country’s gross domestic product (GDP) reaches a threshold of $15,000 per person; with rising affluence, the theory goes, nations achieve a new level of resource efficiency. This might not be the case, a new study finds.

  • Georgia passes anti-cyber whistleblower bill

    Despite the vigorous objections of the cybersecurity community, the Georgia legislature has passed a bill which would open independent researchers who identify vulnerabilities in computer systems to prosecution and up to a year in jail. Critics of the bill say that Georgia has positioned itself as a hub for cybersecurity research, but the bill would make cybersecurity firms think twice about relocating to Georgia.

  • Leaky apps exacerbate Facebook’s privacy risks

    A bug in Facebook’s advertising platform made it possible for potential hackers to uncover users’ phone numbers, according to new research. The Facebook advertising system is incredibly effective at targeting specific audiences, which is what has made the company so lucrative, says a researcher. But because anyone can become an advertiser, and there is very little transparency in what ads are being placed, the platform “could be used for nefarious purposes,” he added.

  • With no clear liability against Facebook, expert calls for stronger data privacy laws

    The Federal Trade Commission announced Tuesday that it has opened an investigation into Facebook after a data analytics firm collected the private data of more than fifty million users. Cambridge Analytica, the data company hired by the Trump campaign in 2016, has been accused of taking private information unbeknownst to users. The FTC will investigate whether or not Facebook violated a 2011 consent order with the FTC over its handling of user data and how the company notifies changes to its terms of service. Northeastern’s Professor Woodrow Hartzog, who specializes in privacy and data protection law, explains the possible legal fallout from this investigation.

  • Cambridge Analytica: the data analytics industry is already in full swing

    Revelations about Cambridge Analytica have laid bare the seeming lack of control that we have over our own data. Suddenly, with all the talk of “psychographics” and voter manipulation, the power of data analytics has become the source of some concern. But the risk is that if we look at the case of Cambridge Analytica in isolation, we might prevent a much wider debate about the use and control of our data. By focusing on the reports of extreme practices, we might miss the many everyday ways that data analytics are now shaping our lives.

  • Insurer hails U.K. government action to close the terrorism insurance gap

    Pool Re the other day welcomed the U.K. government’s commitment to amend the 1993 Reinsurance (Acts of Terrorism) Act to enable the reinsurer to extend its cover to include non-damage business interruption losses resulting from acts of terrorism. The reinsurer is currently restricted by the 1993 Act only to pay out if physical damage has occurred to commercial property. This means that businesses, inside a police cordon, that suffer financial loss through being unable to access their property or to trade, are only covered if there has been physical damage during a terrorist attack.

  • Cambridge Analytica’s abuse of Facebook user data shows “profound impact of technology on democracy”

    Facebook has suspended Cambridge Analytica from its platform for violating its guidelines on the use of user data. The Center for Democracy and Technology (CDT) says that a weekend New York Times article further illuminated the scale of Cambridge Analytica’s efforts and showed how the company used personal information about users to conduct targeted political outreach. “These revelations illustrate the profound impact internet platforms can have on democracy,” CDT says.