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Vulnerable IT infrastructure means loss of revenue
Europeans businesses are losing approximately 17 billion Euros a year in revenue owing to IT disruptions; on average, European businesses suffer IT failures lasting an average of fourteen hours per company a year, amounting to nearly one million hours of down-time costs
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GTEC buys Zytel, bolstering cyber, intelligence capabilities
GTEC pays $26.8 millions in cash for Maryland-based Zytel; little is known about Zytel’s actual products — all the company’s work is classified and all employees are cleared at the Top Secret/Sensitive Compartmented Information level — but it develops cybersecurity and mission systems in support of the critical intelligence, counterterrorism, and cyber-warfare missions of its national-security clients
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1st Detect in $735,000 contract for chemical detection in the field
Phase II SBIR contract from the Joint Science & Technology Office for Chemical and Biological Defense will allow the company to design and develop a novel sample inlet system intended to improve the sensitivity of mass spectrometers used for chemical detection in the field
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New cargo security business alliance announced
The association’s mission is to provide a platform where leaders in the intermodal shipping industry can share ideas and discover synergies to complement the rapidly expanding intelligent supply chain market
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HP to buy security software company ArcSight for $1.5 billion
Hewlett-Packard agreed to buy security software company ArcSight for $1.5 billion; ArcSight’s software helps companies protect their digital assets from cyber attacks and fraud, and aids in regulatory compliance. While many analysts said HP overpaid, they also said the deal fits with its broader enterprise strategy. Some, though, questioned the company’s financial discipline; the deal is the latest in a rash of consolidation in the security technology sector; last month, Intel Corp agreed to buy McAfee for $7.7 billion, and in May, Symantec Corp bought Verisign Inc.’s payment authentication unit for about $1.3 billion
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New report: UAVs for Border Security -- market & technologies outlook 2010-15
The use of UAVs in border security missions around the world is expanding rapidly from very little activity today; this expansion will create new markets and new business opportunities, particularly for integrated capabilities guided by an operating concept and turn-key packages that include equipment, training, operations, and maintenance
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AuthenTec and UPEK merge to form formidable biometrics provider
Florida-based AuthenTec merges with fingerprint biometric company UPEK; AuthenTec will be expanding its intellectual property to nearly 200 issued and filed U.S. patents, “the largest patent portfolio in the industry today,” the company says; UPEK had $18 million in revenues last year and has made $11.7 million in the first half of 2010
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Biometric companies see government as the driver of future market growth
Observers say that most of the growth in the biometric market will be driven by government spending; many still agree that the marketplace for biometrics is likely to continue to grow, but one of the bigger points of contention is that some are arguing that the growth will not be in United States but more likely in Central and South America, the Middle East, Eastern Europe, and Asia
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U.K. Borders Agency in immigration biometrics deal with IBM
The deal is valued at £191 million, and the government says it will save tax payers £50 million. or nearly 20 percent, from the contract price with IBM by cutting aspects of the planned system that were no longer needed
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Mobile biometric and document device for borders
NEC shows a tablet computing device for biometric identity enrollment and verification using multiple biometrics — and which can also read travel documents; the company says the device will be sold to border control agencies
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Chinese practices aim to cripple U.S. energy sector
The U.S. United Steel Workers (USW) union has filed a claim with the Office of the U.S. Trade Representative, alleging that China has used hundreds of billions of dollars in subsidies, performance requirements, preferential practices, and other trade-illegal activities to cripple U.S. industry and gain dominance of the world’s alternative and renewable energy sector.
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U.K. funds £12 million project for quick detection of farm-based disease
A new device will be able to detect a variety of different infections, making it useful for outbreaks of human diseases, as well as animal ones; by providing a fast verdict on whether an area such as a farm is subject to an outbreak and needs to be quarantined, it could help stop the spread of the disease
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Sandia Labs developed an IED-disabling water-blade device
A device developed by Sandia National Laboratories researchers that shoots a blade of water capable of penetrating steel is headed to U.S. troops in Afghanistan to help them disable deadly IEDs; the portable clear plastic device is filled with water and an explosive material is placed in it that, when detonated, creates a shock wave that travels through the water and accelerates it inward into a concave opening; when the water collides, it produces a thin blade
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Smartphone security products begin to make it to market
A modern smartphone has many of the same capabilities as a PC and is way more vulnerable to certain kinds of attack; even so, few smartphone users see security apps as essential; Austrian security testing lab AV-Comparatives has justreleased a study comparing four smartphone security products
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Israel, Russia in joint venture to develop UAVs
There may be political tensions between Russia and Israel, but military cooperation is tightening; the two countries have agreed to form a joint venture to develop and produce UAVs, and signed a military cooperation agreement, paving the way for more cooperation in the fields of unmanned systems, counter terrorism, and asymmetric, urban warfare
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More headlines
The long view
Ransomware Attacks: Death Threats, Endangered Patients and Millions of Dollars in Damages
A ransomware attack on Change Healthcare, a company that processes 15 billion health care transactions annually and deals with 1 in 3 patient records in the United States, is continuing to cause massive disruptions nearly three weeks later. The incident, which started on February 21, has been called the “most significant cyberattack on the U.S. health care system” by the American Hospital Association. It is just the latest example of an increasing trend.
Chinese Government Hackers Targeted Critics of China, U.S. Businesses and Politicians
An indictment was unsealed Monday charging seven nationals of the People’s Republic of China (PRC) with conspiracy to commit computer intrusions and conspiracy to commit wire fraud for their involvement in a PRC-based hacking group that spent approximately 14 years targeting U.S. and foreign critics, businesses, and political officials in furtherance of the PRC’s economic espionage and foreign intelligence objectives.
European Arms Imports Nearly Double, U.S. and French Exports Rise, and Russian Exports Fall Sharply
States in Europe almost doubled their imports of major arms (+94 per cent) between 2014–18 and 2019–23. The United States increased its arms exports by 17 per cent between 2014–18 and 2019–23, while Russia’s arms exports halved. Russia was for the first time the third largest arms exporter, falling just behind France.
LNG Exports Have Had No Impact on Domestic Energy Costs: Analysis
U.S. liquified natural gas (LNG) exports have not had any sustained and significant direct impact on U.S. natural gas prices and have, in fact, spurred production and productivity gains, which contribute to downward pressure on domestic prices.