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Economic downturn may force software engineers into crime
Eugene Kaspersky says economic crisis would create a situation in which unemployed software engineers could become the latest threat to corporate IT security
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Twenty-one million German bank accounts for sale
Criminals steal 21 million German bank records; reporters posing as buyers working for a gambling business managed to strike a a price of €0.55 per record, or €12 million for all the data
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Here they go again: China demands access to Western computer security
Another crisis in U.S.-China trade relations looms, as China, again, is about to introduce rules which would allow Chinese companies to steal Western industrial secrets, and would allow the Chinese government more tightly to monitor what the Chinese people say and read
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Day of 4G technology -- mobile WiMax -- nears
Clearwire and Sprint Nextel completes transaction to combine their next-generation wireless Internet businesses; companies announce $3.2 billion investment to launch 4G mobile Internet company
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BAE moves into radiation detection
Natural diamonds have been used for UV detection since the 1920s, but high purity single crystal diamond with excellent bulk uniformity is a new development, opening new markets for the technology
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BAE shows strong results for first half of 2008
Large defense and security contractor reports rise in revenue in first half of 2008 to £727.4 million from £638.8 million a year earlier, with underlying operating profit up 19.8 percent to £55.1 million
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Raytheon pursues stand-off radiation sensor technology
Raytheon received a $2.9 million contract from DHS to develop a stand-off nuclear radiation system
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New CFIUS regulations
CFIUS issues final regulations governing national security reviews of foreign investment in the United States
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Immigration Alert: Employing immigrants during economic slowdown
There are important employer obligations to consider when employing immigrants during an economic downturn
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Experts: Internet crime might cause global catastrophe
Damage caused by cyber crime is estimated at $100 billion annually; tech-savvy gangs from China, India, Eastern Europe, and Africa were coming up with ever more sophisticated ways of swindling money from vulnerable people
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Russia to buy UAVs from Israel
Russian officers were impressed with the performance of Israel-made UAVs used by Georgian forces during the August conflict, and decided to sign a contract with Israel to buy the systems
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Security alliance calls financial incentives for cyber security
The Internet Security Alliance calls for the incoming Obama administration and Congress to give information technology companies financial incentives for improving cybersecurity defenses, including providing funding in research and development and shielding them from liability caused by cyberattacks
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Modern-day piracy poses growing threats, challenges
Forget Captain Kidd, wooden legs, or treasure maps; modern pirates are equipped with supercharged speedboats, large-caliber weaponry, and all the radio intercept technology they need to identify and locate valuable ocean-going booty; on 9/11 we saw what damage a jumbo jet could do when used as a weapon; how about a supertanker as a weapon?
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Continued growth for aerospace, defense despite economic slowdown
Revenues for electronics /C4ISR companies in the U.S. defense market are projected to be worth $298 billion in 2015; Europe and the United States account for more than 80 percent of the world’s aerospace and defense revenues
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Raytheon reaches 300th RAID system
A Raytheon’s milestone: The Rapid Aerostat Initial Deployment (RAID) system provides surveillance support for use in both war and peacetime; the U.S. army now has three hundred of them
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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.