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GSC announces six finalists for 13 November event
The Global Security Challenge has announced the six finalists for the competition to be held 13 November; winner will receive $500,000 grant in cash and mentorship from venture capitalists
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Thales opens European security center
More than 25 percent of Thales’s revenues come from its security systems, which totalled approximately €3.4 billion in 2007; the French giant launches a security research center dedicated to homeland security
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California IT security company adds 225 jobs in Ann Arbor expansion
Ann Arbor, Michigan, is attracting more and more IT security companies; half a dozen IT companies have already announced expansions in the Ann Arbor region this year, and their plans for Ann Arbor include the addition of nearly 1,200 jobs in the coming years
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Technology start-ups, investment, and the financial crisis
The U.S. financial crisis need not spell doom for technology start-ups, says Kevin Maney; one of the main reasons: “The cost of starting a tech company has dropped precipitously, thanks to cheaper/better/faster technology”
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IT security hinders innovation
New IDC reports says businesses are struggling to find the right balance between security and innovation; information security concerns have caused 80 percent of companies surveyed to back away from new innovation opportunities
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Coast Guard chooses new patrol boat
Years after Congress urged the U.S. Coast Guard to speed up its patrol boat replacement program, the service finally picked a design and a shipbuilder for its new cutters; the winner: Bollinger Shipyards
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Send Word Now completes $14 million financing round
As more attention is paid to alerting people of imminent or on-going disasters, investors pay more attention to companies producing effective, reliable alert systems; Send Word Now benefits
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Washington State, Microsoft sue cyber fear mongers
Washington State has one of the nation;s toughest anti-spyware laws, and the state attorney general joins with Microsoft to sue companies which use fear to sell security products
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EU bans baby food with Chinese milk
Twenty-two Chinese dairies used industrial additive melamine in their products; 54,000 Chinese babies were sickened, 4 died, and more than 10,000 are still hospitalized; 27-nation EU bans baby food with Chinese milk
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California tells residents not to flush pharmaceuticals
In an effort to limit the contamination of drinking water with pharmaceuticals, California launches “No Drugs Down the Drain Week”
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The new face (well, not only face) of biometrics, II
Next-generation enterprise biometric solutions will evolve toward being able to work both with centralized, distributed as well as mobile devices, such as smartcards or contractless smartcards
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Texas county weighing border fence alternatives
Cameron County, Texas, must decide which option is more beneficial to it: DHS’s fence plan which the county does not like, but which will see $37 million in contracts go to local businesses, or resubmitting the county’s alternative fence plan, which DHS had already rejected, exploiting the fact that DHS has postponed the 31 December fence deadline
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The new face (well, not only face) of biometrics, I
New biometric technologies must make a compelling business case why business should adopt them over much-improved existing technologies
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Paladin closes third fund, exceeding target of $300 million
Paladin Capital Group closes its third fund, Paladin III L.P., with equity commitments of $340 million; Paladin, a leader in homeland security investing, has more than $980 million under management across multiple funds and thirty-one portfolio companies
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U.S. managed security services market to reach $2.8 billion by 2012
The U.S. managed security services market was valued at approximately $1.3 billion in 2007, an increase of 19.6 percent over 2006; IDC says this figure will increase to $2.8 billion by 2012, representing a compound annual growth rate of 17.2 percent
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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.