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MoMo Productions/Getty Windows 11 22H2 is now arriving, and as well as new features, Microsoft’s latest operating system update also brings security upgrades. With ransomware, sophisticated hacking attacks, and phishing threats showing no sign of abating, Microsoft has rethought security in Windows 11 with the aim of blocking more threats by default. Windows 10 had […] More
Persistent geopolitical tensions likely will lead to greater decoupling, including in crucial technologies as the rift between China and the US continues to deepen. Efforts from the two economic giants to diversity their respective core technologies and supply chains will result in different branches of key technologies, such as artificial intelligence (AI) and 5G communications.As globalisation softens, there will be less cost efficiency, less technology transfer, and less innovation. Ultimately, this will lead to less productivity growth, according to Ravi Menon, managing director of Monetary Authority of Singapore (MAS). The head of Singapore’s central bank was during his keynote Tuesday at SuperReturn Asia Conference, where he discussed key uncertainties in the global economy today. Menon pointed to two major geopolitical tensions today between Europe and Russia as well as the US and China that were likely to persist over the medium term and lead to economic fragmentation. Specifically, he noted that the “strategic rivalry” between China and the US was deepening across multiple fronts, he said, leading to increased decoupling in technology, finance, and trade. The Sino-US trade conflict had dampened global trade, where tariffs implemented by both countries on each other had contributed to supply chain frictions and price pressures, he said. As both countries looked to reduce their reliance on each other, he cautioned of an increasing risk critical technologies would be fragmented.Menon said: “As the two countries diversify their respective technology bases and supply chains, the development of important technologies such as semiconductors, AI, and 5G telecommunications will increasingly bifurcate.”He also highlighted the US government’s restrictions on the export of advanced chips to China, which were widely used to power AI, and the blocking of cross-border mergers and acquisitions between tech companies on both sides over anti-monopoly and national security issues. Frictions between the two nations also had impacted both markets’ financial systems, where increased scrutiny of Chinese listings in the US had led to some Chinese companies considering a move to delist from US markets. In addition, China–along with other countries–were looking to reduce their dependence on the US dollar and payment system. Over time, Menon noted, these developments could result in a more fragmented global financial systems. “The growing decoupling between the US and China in trade, technology, and finance are likely to have far-reaching economic consequences,” he said. “At the broad macro level, this decoupling cannot be good for global economic growth. At the micro level, there will be adjustments in supply chains, trading relationships, technology procurements, and financial arrangements that will have differentiated implications across countries and sectors.”RELATED COVERAGE More
Indonesia finally has passed its personal data protection law that has been in discussions since 2016. The government believes the new Bill will be critical amidst a spate of data security breaches in the country. Indonesia’s House of Representatives earlier this month approved the Personal Data Protection (PDP) Bill, paving the way for its ratification on Tuesday. The country now joins other jurisdictions in Southeast Asia that have dedicated personal data protection laws, including Singapore and Thailand. Communications and Informatics Minister Johnny G. Plate had hailed the approval as a milestone and key to driving connectivity and advancements for the local digital sector. Plate said laws to safeguard personal data would help boost and facilitate the management of data security breaches, according to statutory board and state-owned news agency, Antara.Indonesian President Joko Widodo last week underscored the urgent need for relevant ministries to coordinate and investigate alleged breaches of personal data. The National Cyber and Encryption Agency on September 13 said it was investigating claims made by hackers, dubbed “Bjorka”, that they had access to the data of several government websites, presidential letters, and confidential documents from the intelligence agency. The same hackers in August said they obtained information from SIM card users, including their national identification number and contact details.That same month, personal details of 17 million customers of state-run electricity provider PT PLN (Persero) were leaked as were the data of 26 million customers of Telkom Indonesia’s internet and digital TV service IndiHome.The security breaches highlighted the urgent need for the data protection bill to maintain public trust, especially as personal information was required for public services and processed digitally, said Antara. Identity card numbers (NIKs), for example, often were used for registration of online apps and to process the purchase of train tickets.Citing stats from Surfshark, Antara said Indonesia ranked third as the country most affected by data breaches in the third quarter of 2022, with 12.7 million local accounts compromised.House of Representatives Speaker Puan Maharani said Monday: “This PDP Bill will provide legal assurance that every citizen, without exception, [has full control] over their personal data. Thus, there will be no more tears from the people due to online loans that they don’t ask for, or doxxing that makes people uncomfortable.” Maharani said derivative rules, including the establishment of a supervisory agency tasked to protect the public’s personal data, could be formed immediately after the Bill was ratified. She added that it would serve as a guide for ministries, agencies, and policy makers to main a robust national digital security environment.The Bill also is expected to bring together all existing and additional regulations into one. Indonesia currently has 32 laws governing the protection of personal data. Modelled on European Union’s General Data Protection Regulation (GDPR), Indonesia’s PDP Bill comprises various global components that are not included in its local regulations, such as sensitive personal data and data protection officer. The Bill will regulate all forms of data processing, including acquisition and collection, storing, updating and correcting, as well as deleting, according to Andre Rahadian, a partner and founding member of law firm Hanafiah Ponggawa & Partners (Dentons HPRP). Under the PDP Bill, for instance, personal data controllers will be required to update and correct errors in personal data within 24 hours after receiving the request to do so. The Bill also specifies underlying documents or circumstances under which personal data may be transmitted outside Indonesia, such as pre-obtained approval of the personal data owner and bilateral international agreements. It includes corporate penalties of up to 2% of an organisation’s annual revenue and up to six years jail terms for those deemed to have breached the law. Indonesia has an estimated 220 million internet users. The country also was projected to account for 40% of Southeast Asia’s 2021 e-commerce gross merchandise value (GMV), at $70 billion, according to the 2021 e-Conomy Southeast Asia report, which covers six regional markets: Singapore, Malaysia, Vietnam, Indonesia, Thailand, and the Philippines. The study also revealed that 80% in Indonesia had made at least one purchase online.RELATED COVERAGE More
Image: Getty Images The security breach that hit Uber last week was the work of Lapsus$, Uber said in a blog post Monday. The South American hacking group has attacked a number of technology giants in the past year, including Microsoft, Samsung, Okta and others. Uber said it is in close coordination with the […] More
iStockphoto/Getty Images I deal with a lot of remote servers, most of which I access via Secure Shell (SSH). How I manage those connections depends on the operating system I use. If I’m on Linux, most often I simply default to the command line interface and make use of SSH’s config file (where I can […] More
Getty Images/iStockphoto I remember, back in the day, when the browser wars had reached a fit of pique such that no one could believe. A big part of this was driven by profit and how so many websites seemed hellbent on focusing on one browser or another. Some sites functioned only with Internet Explorer and […] More
Image: Getty Images/Westend61 The European Commission has proposed cyber-resilience legislation that could lead to cybersecurity labels and penalties for device manufacturers with shoddy cybersecurity features and practices. The proposed law covers hardware and software of “products with digital elements” sold in the European Union and connected to any network. The Cyber Resilience Act (CRA) proposal […] More
Image: Evolv Have you ever gone to a sporting event and spent what seems like an eternity just trying to get in? Security technologies can slow lines down to a grinding halt, and they’re not always effective – your necklace, keys, and belt may set the metal detector off, while weapons can still get through. […] More
