• Pace of acquisitions of cybersecurity startups quickens

    With the number and scope of cybersecurity breaches on the rise, cybersecurity startups offering innovative security solutions have become a sought-after target in the merger and acquisition market. These innovative companies are eagerly sought not only for their technologies, but also as an investment vehicle, with the average valuation acquiring companies willing to pay approaching ten times revenue. “To pay ten times on services in the normal world is crazy, in the security world it’s normal,” says an industry insider.

  • Total California water supplies at near-decade low

    Advisory from UC Center for Hydrologic Modeling finds California’s statewide averages of snow, surface water, and soil moisture near 10-year lows. The threat of multi-year period of unsustainable groundwater depletion imminent if drought continues. The data show particularly steep water losses between November 2011 and November 2013, the early phase of the current drought. The researchers estimate that the Sacramento and San Joaquin River basins have already lost ten cubic kilometers of fresh water in each of the last two years — equivalent to virtually all of California’s urban and household water use each year.

  • Aging grid cannot keep up with growing demand for electricity

    The demand for electricity in the United States increased by around 20 percent from 1999 to 2009, but transmission capacity only increased by around 7 percent in that time. From 2000 to 2004, there were 140 instances of power outages which each affected 50,000 or more consumers. This number increased to 303 from 2005 to 2009. Between 2010 and 2012, there were 226 such outages. The average age of a power plant is 30-years old, and around 75 percent of America’s power lines are 25-years old. Economists estimate that these power outages cost the country more than $70 billion in annual economic loss.

  • Making the U.S. grid sturdier, smarter, and more secure to thwart blackouts

    In August 2003, fifty million customers throughout the northeastern United States and southeastern Canada lost power for up to two days. More than ten years later, the U.S. electric power system continues to be challenged. In the United States, 149 power outages affecting at least 50,000 customers occurred between 2000 and 2004, a number which grew to 349 between 2005 and 2009. In 2012, the prolonged power outages in New York and New Jersey caused by Hurricane Sandy once again demonstrated the system’s vulnerability. A broad, multidisciplinary effort by Georgia Tech researchers aims to revolutionize the delivery of electricity, advance the smart grid, thwart blackouts, integrate renewable energy sources, and secure utilities from cyberattacks.

  • Chemical, defense companies subject to Chinese Nitro attacks

    More and more chemical and defense companies around the world are victims of Nitro attacks. These attacks, launched by government-backed Chinese hackers, install PoisonIvy, a Remote Access Tool (RAT) stealthily placed on computer systems to steal information. The majority of the computers infected belong to firms in the United States, Bangladesh, and the United Kingdom.

  • Two Israeli startups with innovative cybersecurity solutions raise combined $25 million

    Two Israeli cybersecurity startups, launched by veterans of the IDF technology units, announced that, separately, they had raised a combined $25 million from investors. Adallom’s solution accumulates users’ behavioral data in order to protect databases. It monitors how software applications like the customer relationship management program Salesforce, Google apps, and Microsoft Office 360 are used, and protects data security. Aorato’s solution watches for suspicious usage of employee credentials – for example, multiple guessing attempts. “2013 showed the world the risks of advanced threats in parallel to the implications of insiders’ access to sensitive corporate data,” Aorato’s CEO Idan Plotnik noted, referring to the Edward Snowden’s leaks of secret government information.

  • National cyber complex to open next to Ben-Gurion University of the Negev campus

    A new national cyber complex called CyberSpark will open at the Advanced Technology Park (ATP) which is located next to Ben Gurion University of the Negev. Fortune 500 companies Lockheed Martin and IBM announced they would invest in CyberSpark R&D facilities, joining other cybersecurity leaders Deutsche Telekom, EMC, RSA, and many startups. The 15-building ATP is the only type of complex of its kind in the world that includes Fortune 500 companies and cyber-incubators, academic researchers, and educational facilities as well as national government and security agencies. The CyberSpark will also include a high school geared toward science and technology.

  • Some citizens of low-lying Pacific island nations seeking climate-change refugee status

    More and more resident of Pacific island nations and territories are trying to claim refugee status in Australia and New Zealand, arguing that rising sea levels, caused by climate change, are forcing them out of their homes and destroying their livelihood. The New Zealand High Court has rejected the refugee status petition of Loane Teitota and his family, citizens of Kiribati, a low-lying Pacific Island nation near the equator, saying that Teitota’s argument was “novel” and “optimistic.” The court cautioned that if the argument were adopted, then millions of people suffering from the effects of climate change would seek refugee status in New Zealand or any other country.

  • The 9 January chemical leak in West Virginia is the latest in a long history of industrial accidents

    The chemical spill that affected the water source in nine West Virginia counties in early January is part of a long history of industrial accidents resulting from the concentration of chemical and coal-mining operations in the region. The 9 January spill, which saw coal-cleansing chemical which leaked from Freedom Industries’ storage tank into the Elk River, leaving more than 300,000 residents without access to clean tap water for days, is the latest in a history of pollution which has poisoned groundwater, spewed toxic gas emissions, and caused fires and explosions.

  • FDA allows use of antibiotics in livestock despite “high risk” to humans

    The Center for Disease Control and Prevention (CDC) has recently confirmed the link between antibiotic use on industrial farms and the rise of antibiotic resistance, saying there is “strong scientific evidence of a link between antibiotic use in food animals and antibiotic resistance in humans,” and warns of “potentially catastrophic consequences” if resistance is not slowed. The Food and Drug Administration (FDA), however, has quietly allowed thirty potentially harmful antibiotics, including eighteen rated as “high risk,” to remain on the market as additives in farm animal feed and water. The FDA first recognized the risks from the use of antibiotics in animal feed in 1977, when it proposed to withdraw approvals for animal feed containing penicillin and most tetracyclines. The agency has not followed through on its own findings – and has fought court orders to do so — and today 70 percent of all medically important antibiotics sold in the United States are sold for use in livestock production — not on humans.

  • Cal Poly unveils ambitious cybersecurity educational initiative

    Cal Poly, with a grant from the Northrop Grumman Foundation, has established a Cybersecurity Center, opened a new cyber lab, and is developing a cybersecurity curriculum with an ambitious set of goals in mind: educating thousands of students in cybersecurity awareness and readiness; producing experts in cyber technologies and systems, including many professionals who will serve the military and defense industry; and graduating cyber innovators who are prepared for advanced study and applied research in emerging cyber issues.

  • The world likely to face more frequent, and more severe, blackouts

    U.S. household electricity usage increased by 1,300 percent between 1940 and 2001. In the last few decades, air conditioning has been the greatest factor in increased electrical consumption, and one of the greatest sources of systematic strain, with considerably more blackouts occurring in the summer months than during winter. The electricity used to fuel America’s air conditioning is currently of a similar volume to the U.S. entire energy consumption in the 1950s. A new study reveals that today’s occasional blackouts are dress rehearsals for the future, when they will occur with greater frequency and increased severity. Power cuts will become more regular around the globe as electrical supply becomes increasingly vulnerable and demand for technology continues to grow at an unprecedented rate.

  • ExxonMobil to pay fines for violations at its Baton Rouge chemical facilities

    In a settlement with Louisiana’s Department of Environmental Quality (DEQ), ExxonMobil is ordered to pay $2.329 million to address violations from 2008 to 2013 at its greater Baton Rouge facilities. ExxonMobil was cited for a series of problems at its refinery and resin-finishing and chemical plants in East Baton Rouge Parish, and its tank-farm facility in West Baton Rouge.

  • Halting bugs’ crop destruction in India saves up to $309 million

    Researchers who first discovered a devastating pest in India and devised a natural way to combat it have now put an economic value on their counterattack: up to $309 million the first year and more than $1 billion over five years. This is the amount of damage the papaya mealybug would have wreaked on farmers and consumers in India without scientists’ intervention. The winning intervention centered on three natural enemies of the mealybug — three parasitic wasps from Mexico— which the U.S. government first employed in Florida after the pest spread there in the late 1990s.

  • Security check contractor defrauded U.S. of millions of dollars

    The Department of Justice said Wednesday that U.S. Investigations Services (USIS), the company which conducted the background checks on Edward Snowden and Aaron Alexis, has defrauded the government of millions of dollars. The government charges that between 2008 and 2012, 650,000 background investigations – about 40 percent of the company’s investigations in that period – were submitted to the government as having been completed although, in fact, they were not. Several former and current USIS employees said the company had an incentive to rush background check work because it was paid only after a file is marked “FF,” for fieldwork finished, and sent to the government. Two senior managers said that toward the end of the month, investigations were closed in order to meet financial quotas, without a required review by the quality control department.