• Making Infrastructure Pay Off

    James M. Poterba, an MIT economist, advocates for cost-benefit analyses of projects, finds that repairing infrastructure often pays off more than new projects, and suggests that infrastructure user fees be considered as a source of financing for projects. He argues that the value in repairs, upgrades, and user fees to help fund projects has been overlooked.

  • EU Agrees on Global Infrastructure Plan to Rival China’s Belt and Road Initiative

    On Monday the EU announced an ambitious global infrastructure plan which aims to counter China’s Belt and Road Initiative. Western governments fear that China’s project encourages countries to take on large Chinese loans which can turn into “debt traps,” allowing China to leverage these debts for political purposes. Monday’s initiative continues a recent phase of greater assertiveness by the EU towards China.

  • Closing the Skills Gap in the Cyber Workforce

    There are currently more than three million unfilled cybersecurity jobs globally, and, as high-profile incidents like the Solar Winds attack demonstrate, it is vital to address that shortage. But it is difficult for organizations to find and recruit the cyber talent they need.

  • Bipartisan Legislation Addresses Dams’ Safety, Hydropower

    There are more than 90,000 dams in the U.S., including 6,000 “high-hazard” dams with poor, unsatisfactory, or unknown safety ratings, posing threats to life and property. Hydropower is responsible for 6 percent of electricity production in the U.S.— and more than 90 percent of the U.S. current electricity storage capacity — but the dams which generate this power are aging and need upgrades.

  • Creating More Resilient Supply Chains Through Nature-Inspired Design

    Supply chains work a lot like food webs in natural ecosystems, in which biodiversity allows for adaptation during disruptions. The analogy turned out to be relevant particularly in looking at “black swan” events, which are unpredictable and hard to protect against—and for which adaptation, not prevention, is the main defense.

  • Can Europe Escape Gazprom's Energy Stranglehold?

    When it comes to gas supplies to the EU, Russia’s state-owned corporation Gazprom steps on the brakes, and natural gas reservoirs are unusually low. Is Russia building up political pressure in order to push through the operation of the Nord Stream 2 pipeline?

  • The Kaseya Ransomware Attack Is a Really Big Deal

    If you’re not already paying attention to the Kaseya ransomware incident, you should be. Matt Tait writes that it is likely the most important cybersecurity event of the year. “Bigger than the Exchange hacks by China in January. Bigger than the Colonial Pipeline ransomware incident. And, yes, more important than the SolarWinds intrusions last year.”

  • Holding the World to Ransom: The Top 5 Most Dangerous Criminal Organizations Online Right Now

    Ransomware attacks are growing exponentially in size and ransom demand — changing the way we operate online. Understanding who these groups are and what they want is critical to taking them down. Here, we list the top five most dangerous criminal organizations currently online. As far as we know, these rogue groups aren’t backed or sponsored by any state.

  • U.S. Freight Railroads Bolstered Supply Chain Resilience during Pandemic

    Despite the particularly volatile, pandemic-driven period, railroads met consumers’ and businesses’ unexpected surge of demands, reliably delivering goods such as agricultural products, personal protective equipment and online retail merchandise and ultimately highlighting the rail industry’s role as an essential component of the U.S. economy.

  • Producing Geothermal Energy Diminishes Earthquake Risk

    Researchers studying the 5 July 2019 magnitude-7.1 earthquake in Ridgecrest, California found that none of the thousands recorded aftershocks in the region were seen in the Coso geothermal field, an area only about ten kilometers away. Now they know why: The development of geothermal energy reduces underground stress and mitigates risks of large earthquakes.

  • Full Impact of Russian Ransomware Attack Hard to Estimate

    Hackers associated with the REvil gang, a major Russian ransomware syndicate have demanded $70 million in Bitcoin in exchange for a decryption tool to free the data of companies targeted, but also indicated they were willing to negotiate.

  • Understanding Influence in the Strategic Competition with China

    What do qualitative metrics and case studies reveal about how China attempts to exert influence around the world? How should the United States respond to China’s influence-seeking activities? A new report assesses China’s ability to use various mechanisms of influence to shape the policies and behavior of twenty countries, as well as the lessons that these examples offer for the U.S. strategic competition with China.

  • Ransomware Cyberattack Hits Hundreds of U.S. Businesses

    U.S. IT company Kaseya urged its customers to shut down their servers after hackers smuggled ransomware onto its network. Such attacks infiltrate widely used software and demand ransom to regain access. The REvil gang, a major Russian-speaking ransomware syndicate, appears to be behind the attack.

  • The Ideal Responses to Ransomware Attacks

    A ransomware attack is like a cyber hijacking, with criminals infiltrating and seizing an organization’s data or computer systems and demanding a payment or ransom to restore access.What is the best strategy to decrease the risk of digital extortion?

  • SEC's Increasing Focus on Terrorism May Limit Financial Oversight

    When SEC asks companies about potential ties to terrorism, it catches fewer reporting errors. The SEC’s shift of attention to firms’ financial ties to states sponsoring terrorism (SSTs) began at Congress’s behest in 2003, leading to a shift in the composition of SEC review staff — the number of lawyers the review staff has grown while the number of accountants has decreased.