Western tech firms bow to Russian demands to share cyber secrets

Businessam StaffJune 23, 2017

Western technology companies, including Cisco, IBM and SAP, are acceding to demands by Moscow for access to closely guarded product security secrets, at a time when Russia has been accused of a growing number of cyber attacks on the West, a Reuters investigation has found. Russian authorities are asking Western tech companies to allow them […]

Google pushes for law enforcement to have more access to overseas data

Businessam StaffJune 22, 2017

Alphabet Inc’s Google will press U.S. lawmakers on Thursday to update laws on how governments access customer data stored on servers located in other countries, hoping to address a mounting concern for both law enforcement officials and Silicon Valley Reuters reports. The push comes amid growing legal uncertainty, both in the United States and across the […]

Avoid falling victim of this Paypal scam

Businessam StaffJune 21, 2017

Phishing emails are on the rise to users of the payment service. Users of Paypal are warned not to fall for a new email scam attempting to con them of cash. Action Fraud UK said fraudsters were using phishing emails in an attempt to get their hands on people’s personal details and gain access to […]

South Korean firm pays $1m to unlock attacked files

Businessam StaffJune 20, 2017

South Korean web-hosting firm Nayana has agreed to pay a $1m ransom to unlock computers frozen by hackers. It is believed to be a record amount, although it is worth noting that many ransom payments are never made public. Nayana’s chief executive revealed that the hackers initially asked for $4.4m, payable in bitcoin. Security experts […]