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Blackstone, Windland in North Sea wind farm project
U.S. investment group and German energy company forms partnership to construct one of the North Sea’s largest wind farms
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Important deals in the chemical sector
Ashland acquires Hercules, and Dow announces its plans to acquire Rohm and Haas; Ashland values Hercules at $3.3 billion; Dow is willing to pay $18.8 billion for Rohm and Haas
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Stanley closes Oberon acquisition
Purchase puts integrator on the biometrics fast track, enabling it to compete with some of the largest systems integrators in the government market for opportunities with the Defense Department
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U.K. nursery chain install biometric access control
Fourteen Busy Bees children’s nurseries install biometric access control from UK Biometric; access control will allow entry only to parents and care-givers
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Aussie biometrics system recognized
the Security Network, a non-profit industry body, declares BRS’s BioLock+ the “Most Innovative Security Product”
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Bank customers can designate one finger as "panic finger"
Can biometrics make banking more secure? Perhaps this will: New system allows customers to designate one finger as ‘panic finger”: swipe the said digit across the scanner and the transaction will appear to go through as normal even as the bank is alerted that something fishy is going on
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Voice biometrics solves PINs-related security problems
Survey shows that bank customers are worried that PINs, passwords, and security questions may not be the most viable ways of identifying individuals when it comes to accessing their details; researchers say voice biometrics is the solution
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Sagem Morpho shows TWIC-compliant biometric reader
Card is designed to read encrypted biometric data, such as a digital fingerprint, perform the match to the card holder, and perform an active card authentication across a contactless interface
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Biometrics for U.K. home bankers
Digital DNA fingerprinting technology launched to improve IT security and reduce ID theft and fraud for the U.K. banking industry
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Atos Origin wins French biometric passport contract
French IT services company missed out on the U.K. e-Borders contract, and has also failed to win a framework contract as part of the procurement for the U.K. national ID card scheme, but it finds consolation in winning the contract to manage the development and rollout of the biometric passport system in France
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Hirsch Electronics biometric station wins award
The Verification Station from the Santa Ana, California-based company wins Buildings Magazine 2008 award; “Finally…a high-end, cost-effective biometric system for more stringent security needs,” the magazine’s editors explain
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Federal money for identity programs boost biometrics market
A slew of U.S. government programs — US VISIT, the Real ID Act, TWIC, the FBI’s next-generation database, and many more — depend on biometric technology; the estimated value of potential contracts to implement federal identity-solutions programs has more than doubled since 2006, rising from $890 million to $2 billion this year; biometric companies fiercely compete — and lobby — for contracts
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The big biometric hitters
Five companies are in the lead in the competition for a share of the U.S. government biometric market; they have plowed money — a lot of money — into their lobbying activities, and some hope to strengthen their hand by hiring former administration officials
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Data leaks top concern for corporate computer users
New study shows that data leaks are becoming a leading source of headaches for U.S., U.K., German, and Japanese companies
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Precise Biometrics in SEK12 million Chinese deal
Swedish fingerprint specialist expands its presence in China with a SEK12 million (about GBP1 million) order
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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.