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India to see a large, broad growth in expenditures on domestic security
A series of terrorist attacks, culminating in the coordinated attack in Mumbai last month, convinced both government and industry in India that more security — much more security — is required to cope with mounting threats to domestic peace; business opportunities abound for companies in IT security, biometric, surveillance, detection, situational awareness, and more
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Certicom agrees to takeover by VeriSign
VeriSign’s $92 million bid is 40 percent higher than RIM’s failed hostile offer of $66 million
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Homeland security-related college courses bolster graduates' job chances
There are now more than 150 academic institutions offering homeland security related undergraduate and graduate programs and degrees; this growth mirrors trends and needs in the job market
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Honey laundering: Tainted, mislabeled honey makes it to store shelves
Two-thirds of the honey Americans consume is imported; almost half of that comes from China; Chinese honey often contains chloramphenicol or other antibiotics which are illegal in any food; Chinese producers, government mislabel honey jars to mislead consumers
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Heartland says it has fixed security problem
Heartland Payment Systems, the sixth-largest payment processor in the United States, processes payments for 250,000 companies; thieves install malicious program on company’s computers which captured data as it flowed across the network
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Warwick Warp uses government funds to develop better fingerprint technology
Coventry, U.K.-based company uses research funding from regional authorities to develop software which significantly improves matching accuracy by being able to handle low-quality prints and a variety of spatial distortions
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Utilities plan to stay the course with spending plans for infrastructure
Despite the economic slowdown, utilities around the world plan to press ahead with investments in both their infrastructure and “smart grid” automation program; investments will be in the range of $90-$105 billion
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CBP highlights C-TPAT accomplishments
The Customs Trade Partnership Against Terrorism program (C-TPAT) was established in 2001 to build cooperative relationships that strengthen and improve international supply chain and U.S. border security; DHS says program is achieving its goals, with more than 8,000 applicants validated since 2003
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IT security spending to grow despite economic slowdown
Forrester Research finds that companies are still spending to protect their data — and that they will spend more in 2009; respondents to survey say security is an ongoing necessity unaffected by economic peaks and valleys
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Security specialist Core Systems sees U.S. prisons as opportunity
Belfast-based Core Systems provides biometric equipment to prisons in the United Kingdom and Northern Ireland; it is now expanding to the United States; with a prison population of 2.2 million; “In the prisons business, the United States is the market leader,” says Patricia O’Hagan, company’s co-owner
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$400 million ballistic missile defense award
The Bush administration awarded Boeing a $400 million contract for Ground-based Midcourse Defense interceptors; it may well be the last large ballistic missile defense contract, as both Obama and the Democratic majority in Congress have shown little interest in the program
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2008 natural disasters cause record loss of life, damage
More than 220,000 people died in events like cyclones, earthquakes and flooding; overall global losses totaled about $200 billion, with uninsured losses totaling $45 billion
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India's bioterror plans will take some time to get off the ground
India is augmenting its preparations for bioterror attacks; experts complain that one of the major weaknesses in India’s ability to cope with a bioterror attack is the lack of interest, so far, of the private sector in being enlisted in the effort
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Russia's hackers a growing global threat
There used to be a time when Russian hackers exposed chinks in American software just for the thrill of it; today they do it for cash — or for political reasons; cybercrime has outpaced the amount of illicit cash raked in by global drug trafficking
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Uranium is good investment
Many analysts, disoriented by the fall of uranium prices from $130+ to about $45 a pound, fail to notice that the fundamentals of the uranium market have not changed
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The long view
New Bill Proposes Banning TikTok in the U.S.
Both the administration and Congress have moved to limit, or even ban, TikTok in the United States because of worries about China using the Chinese-owned platform to gather personal data on millions of Americans. Justin Sherman writes that “all told, it is a noteworthy piece of legislation, and it delineates between the risk of data access and the risk of content manipulation better than then-President Trump’s executive order on TikTok.”
$4.8M to Address National Cybersecurity Workforce Shortage
Oregon State University has received $4.8 million from the National Science Foundation to help the United States close a big gap between the number of cybersecurity job openings and the number of qualified applicants for those positions.
Leveraging U.S. Capital Markets to Support the Future Industrial Network
$56 trillion is nearly three times the size of the U.S. economy. This vast pool of capital in U.S. capital markets — $46 trillion in public capitalization and another $10 trillion in private money – dwarfs that of China. Tapping U.S. equity and debt markets would enable the Department of Defense to remedy current capability shortfalls, fund technological advances from leading private-sector innovators, invest in generational transformation efforts across the military services, and upgrade antiquated global infrastructure to sustain U.S. forces.
Insurance for a Changing Climate
Among the many facets of the economy being challenged and changed by warming global temperatures is the insurance industry. Damaging extreme events such as wildfires, hurricanes, and floods are happening with greater frequency and intensity, which leaves insurance companies facing larger financial risks and paying out more in claims — and it also leaves policy holders paying higher prices to insure their homes and businesses.
Batteries Are the Battlefield
The United States is one of many countries pursuing the clean energy revolution, and which have ramped up investment in electric vehicles manufacturing and renewable energy sources to power the shift away from fossil fuels. Christina Lu and Liam Scott write that this is an industry that has already been staked out by another power: China.