Tuesday, December 1, 2015

Symantec inaugurates cyber security centre in Singapore

Symantec inaugurates cyber security centre in Singapore

By
amit@sph.com.sg@AmitRoyCBT     
IN a boost to Singapore's efforts to beef up online security and become a cyber-security hub, Symantec Corp on Wednesday inaugurated a new dedicated Security Operations Centre (SOC) in Singapore. The centre is part of the online security company's plan to invest US$50 million globally to beef up its cyber security services business.
The Singapore SOC will double Symantec's cyber security service expertise in the Asia-Pacific region, said Samir Kapuria, SVP and general manager of cyber security services at Symantec.
Now more than ever, organisations require a deeper security understanding and strong proactive security measures to gain the upper hand on adversaries, he added.
Symantec's SOCs analyse 30 billion logs worldwide each day to provide enterprise-wide protection to help organisations strengthen their defences and respond to new threats as they emerge. The Symantec official added that with the launch of the SOC in Singapore, businesses will have access to intelligence, accurate threat detection and proactive notification of emerging threats to ensure their most sensitive data is protected.
The new SOC will also enable businesses to shorten the time between detection and response, reduce operational costs and proactively counter emerging threats.

Singapore to add 99 new trains from now till 2019: Khaw

Singapore to add 99 new trains from now till 2019: Khaw

By
SINGAPORE will spend over a billion dollars upfront to buy 99 new trains from this year till 2019 in a bid to achieve higher rail reliability, Transport Minister Khaw Boon Wan wrote in his blog on Wednesday.
The new trains come with improved propulsion systems, and more reliable and durable AC synchronous motors which require less maintenance. Mr Khaw said 57 will be for Singapore's oldest North-South and East-West Line (NSEWL), 18 for the North East Line and 24 for the Circle Line.
"These 99 trains will cost us over a billion dollars upfront, but they will be a worthy investment. They will be more cost effective in the longer run. Most of all, they will help us achieve higher rail reliability,'' he said.
The new NSEWL trains will also have electric train doors that need lower maintenance and will eliminate air leakage problems associated with the older pneumatic doors. The operations data for each train door will be logged and stored for the maintenance crew to pre-empt door faults before they occur.
Rail engineers and technical staff will be posted to the overseas factories where the trains are being built, to monitor the entire assembly process and participate in train testing.
"This also helps our officers gain valuable experience and enhance their technical understanding of the trains,'' Mr Khaw explained.
The minister, who was roped in to help improve Singapore's rail reliability, noted that when external factors such as passenger action are excluded, almost half of the major disruptions on the NSEWL were due to train issues, with other factors such as track or power faults causing the rest.
"As with all machines, as trains age, we must work harder to keep them in good condition. Like those in London and New York, trains can last us twenty years or longer, if they are maintained properly and refurbished at the right time,'' he said.
"Eventually, we must decide when to replace them with new trains. Fortunately, with time, better train models with enhanced reliability features have become available in the market. These trains are also easier to operate and maintain. Adding them to our fleet can therefore make a difference to the overall performance of the rail network and in turn, better our service delivery.''

Obama warns of climate security risks as tough talks begin

Obama warns of climate security risks as tough talks begin

[LE BOURGET] US President Barack Obama warned Tuesday global warming posed imminent security and economic risks, as negotiators embarked on an 11-day race to seal a UN pact aimed at taming climate change.
Speaking after attending a historic climate summit with some 150 other leaders, Obama voiced confidence mankind would make the tough decisions needed to halt rising temperatures.
But the president, and head of the world's second largest carbon emitter, also issued a grim warning for the near future if the temperature curve went unchecked.
"Before long we are going to have to devote more and more of our economic and military resources, not to growing opportunity for our people, but to adapting to the various consequences of a changing planet," Obama said.
"This is an economic and security imperative that we have to tackle now." The UN talks aim to seal a deal that would slash carbon emissions - which come mainly from burning fossil fuels - from 2020 and deliver hundreds of billions of dollars in aid for climate-vulnerable countries.
It is the latest chapter in a 25-year-old diplomatic saga marked by spats over burden-sharing and hobbled by a negotiation system of huge complexity.
Behind their vows of support, many leaders have often preferred the short-term benefits of burning cheap and dependable fossil fuels to power prosperity, ignoring the consequences of carbon pollution.
Obama said he believed the global political landscape was shifting, boding well for Paris and beyond.
"Climate change is a massive problem, it is a generational problem. And yet despite all that, the main message I have got is, I actually think we are going to solve this thing," he said.
At the heavily secured summit venue in Le Bourget on the northern outskirts of Paris, a city on edge since the November 13 terror attacks that killed 130 people, bureaucrats from 195 nations began a frantic negotiations.
They have until just Saturday to distill a 54-page text into a global warming blueprint, before handing it over to environment and foreign ministers for a final push to seal a deal by December 11.
"We are really up against the clock and up against the wall," Daniel Reifsnyder, one of the talks' co-chairs, told the negotiators on Tuesday morning.
A similar effort failed spectacularly in the 2009 annual UN talks in Copenhagen.
Many issues could derail the Paris talks, including poor nations' demands for billions of dollars in support from rich countries to help them reduce their emissions and adapt to the consequences of global warming.
Dozens of poor nations are calling for a target of 1.5 Celsius (2.7 Fahrenheit) warming above pre-Industrial Revolution levels, while bigger polluters such as the United States and China are backing a 2 C warming limit.
Disagreement over how to share responsibility for curbing emissions is one of the thorniest issues, and developing nations have accused richer countries of hypocrisy for demanding they cut their use of fossil fuels after carbon-burning their way to prosperity.
Nicaragua's lead negotiator Paul Oquist said Tuesday his country would not make any pledge to cut its emissions because that would let rich countries off the hook.
Adding to the debate, British charity Oxfam on Wednesday released a report saying the richest 10 percent of people produce half of Earth's climate-harming fossil-fuel emissions, while the poorest half contribute a mere 10 percent.
"Rich, high emitters should be held accountable for their emissions, no matter where they live," Oxfam climate policy head Tim Gore said in a statement.
The legal status of the accord, which must get unanimous backing, is another bone of contention.
On Tuesday US House Republicans blocked Obama's regulations on reducing greenhouse gas emissions, a move he will likely veto but which highlights the intense domestic opposition he is facing to committing the United States to any international framework.
The president said Tuesday he supported "legally binding" commitments for some areas within a planned Paris pact, though not the voluntary action plans submitted to the UN detailing how countries will cut their emissions.
"The process, the procedures, that ensures transparency and periodic reviews, that needs to be legally binding," Obama said.
Heaping on pressure, Climate Action Tracker Tuesday warned if planned new coal-fired plants come online, that would wreck the summit's hopes of curbing warming by 2 C.
"There is a solution to this issue of too many coal plants on the books: cancel them," said Pieter Van Breevoort of Ecofys, an energy research organisation, which is part of the Climate Action Tracker group.
"Renewable energy and stricter pollution standards are making coal plants obsolete around the world, and the earlier a coal plant is taken out of the planning process, the less it will cost."
AFP

Cyber risk remains high on minds of financial market participants: survey

Cyber risk remains high on minds of financial market participants: survey

SOME three-fifths of risk managers around the world believe the chances of a high-impact event in the global financial system has increased in the last six months, driven by the threat of a cyber attack.
This was among findings from a survey conducted in September and October by The Depository Trust & Clearing Corporation (DTCC), a US-headquartered company providing clearing and settlement services.
Across a broader group of 400 DTCC clients and international participants, 45 per cent of respondents said that the probability of a high-impact event in the global financial system has increased during the past six months, up from 29 per cent since the last survey was conducted in Q1 2015.
Cyber risk remained the number one concern, with 37 per cent citing it as the single biggest risk to the broader economy - albeit lower than 46 per cent half a year ago.
One respondent said: "Cyber risks appear to be multiplying while controls to address these risks may not be able to keep up with the continually escalating threats."
Other risks that respondents highlighted included geopolitical risk, the impact of new regulations, an economic slowdown outside the European Union (EU) and the US, and US Federal Reserve monetary policy.
European-based respondents tended to rank geopolitical risk highest, while respondents located in the Asia-Pacific region or working for Asia-Pacific firms were concerned about an economic slowdown outside of the EU and the US, DTCC said.
Over-regulation had caused a lack of liquidity in markets, which will exacerbate volatility, one respondent said.
Similar to half a year ago, 72 per cent of all respondents said their firms have increased the amount of resources dedicated to identifying, monitoring and mitigating systemic risks over the past year.

China behind 'massive' cyber-attack on Australian government: ABC

China behind 'massive' cyber-attack on Australian government: ABC

[SYDNEY] A major cyber-attack against Australia's Bureau of Meteorology that may have compromised potentially sensitive national security information is being blamed on China, the Australian Broadcasting Corporation (ABC) reported on Wednesday.
The Bureau of Meteorology owns one of Australia's largest supercomputers and the attack, which the ABC said occurred in recent days, may have allowed those responsible access to the Department of Defence through a linked network.
The ABC, citing several unidentified sources with knowledge of the "massive" breach, placed the blame on China, which has in the past been accused of hacking sensitive Australian government computer systems. "It's China," the ABC quoted one source as saying.
The Bureau of Meteorology said in a statement on its website that it did not comment on security matters, but that it was working closely with security agencies and that its computer systems were fully operational.
The Australian Federal Police declined to comment on the matter. The Department of Defence said in a statement that it was barred by policy from commenting on specific cyber security incidents.
The Chinese embassy in Canberra could not be reached for comment.
China has long been accused of using its considerable computing resources to infiltrate online businesses for competitive advantage, as well as conducting acts of cyber espionage.
In June, US officials blamed Chinese hackers for compromising the records of up to four million current and former government employees.
China called the U.S. comments irresponsible, while President Barack Obama vowed that the United States would aggressively bolster its cyber defences.
China is Australia's top trading partner, with two-way trade of about A$150 billion (S$154 billion) in 2013, and they signed a landmark free trade agreement in 2014 that is likely to further boost commercial ties.
Australia needs China's help to transition from a reliance on exports of minerals such as coal and iron ore to expanding its food and agricultural exports to a growing Asian middle class, moving from a "mining boom" to a "dining boom".
But Chinese firms have been locked out of sensitive deals in the past over security concerns, most prominently a decision in 2013 to bar Huawei from bidding on Australia's National Broadband Network, a deal worth tens of billions of dollars.
REUTERS

Xi heads to Africa summit as Chinese investment slows

Xi heads to Africa summit as Chinese investment slows

[JOHANNESBURG] African leaders and Chinese President Xi Jinping will hold two days of talks in Johannesburg starting Friday as the continent seeks to secure further massive investment despite China's economic slowdown.
A slew of deals are expected to be announced for power plants, infrastructure and agriculture projects, but analysts say Chinese largess in Africa has already been reined in this year.
China drove the commodity boom as it bought up oil, iron ore, uranium and copper from around the world over the past decade, but its growth has dipped this year, triggering a sharp slump in prices.
Speaking to reporters in Beijing, vice minister of foreign affairs Zhang Ming billed China's "new normal" as a boon to Africa, saying the continent was now at "the early stage of industrialisation".
"China-Africa cooperation has now come to a stage where it needs to be upgraded and transformed," he said.
But Africa is already feeling the pinch, with Chinese investment falling by more than 40 per cent in the first half of 2015, according to official data.
"The rhetoric will probably be very excitable, as usual. You have got to separate the rhetoric from reality," Ian Taylor, professor of international relations at the University of St Andrews, told AFP. "We are likely to see a more sober meeting point between China and Africa."
Mr Xi will hold talks with South African President Jacob Zuma in Pretoria on Wednesday before the sixth Forum on China-Africa Cooperation (FOCAC) opens at a convention centre in Johannesburg's financial district of Sandton.
"China's packages towards Africa are going to be more diversified," said Yun Sun, China expert at the US-based Brookings research organisation.
"The Chinese always emphasise that its economic engagement in Africa is not altruistic.
"In some cases, Beijing is willing to put up with a loss, but I think Xi is going to be very careful. Their foreign reserves aren't unlimited."
China became Africa's largest trading partner in 2009, with volumes expected to exceed US$300 billion this year.
Ahead of FOCAC, China emphasised it had delivered more than US$117 million of aid to affected areas during the Ebola crisis in West Africa, and also sent hundreds of medical workers to help.
Among many African countries hit by the Chinese slowdown, Zambia exemplifies the impact of falling commodity prices.
Its economy relies on exports of copper, the price of which has fallen 30 per cent this year.
"We have to find other export products to China. I am certain that China requires something outside copper from us," said Commerce Minister Margaret Mwanakatwe, who will attend the summit.
"The price of copper going down has led to job losses in the mines and the kwacha (local currency) to depreciate (by 45 per cent)."
Zambian President Edgar Lungu last week ordered no new road projects to be started to save on spending.
Nigeria, the continent's largest economy, has been another major player in China's recent involvement in Africa.
At least 40 official development projects have been financed there by Beijing since 2004, including a US$2.5 billion loan for rail, power, and telecommunications projects.
The Chinese have also provided military aid and equipment, and are building a new terminal at Abuja airport.
"They're not going to let up on their very well-flagged goal of being on the front foot across the continent," said Ryan Wibberley, an emerging market equity dealer at Investec in Cape Town.
Mr Xi - accompanied by his wife Peng Liyuan - arrives in South Africa after a brief visit to Zimbabwe, where Chinese projects have helped support an economy plunged into crisis under President Robert Mugabe's rule.
AFP

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