NATO Allies take the lead on the development of NATO’s Innovation Fund

On Friday (22 October 2021), at a signing ceremony hosted by NATO’s Secretary General, Defence Ministers from 17 Allied countries* agreed to take the lead on the development of NATO’s first Innovation Fund. This multinational Fund will help NATO retain Read More …

UK plans to invest £5 billion in retaliatory cyber-attacks

The United Kingdom has revealed plans to invest £5 billion in bolstering national cybersecurity that includes creating a “Cyber Force” unit to perform retaliatory attacks. Cyber-warfare is being embraced as the “fifth domain” of international conflict and is being incorporated Read More …

Victorian government earmarks AU$30m to lift hospital cyber capabilities

The Victorian government plans to invest a total of AU$30 million to upgrade and modernise the IT infrastructure of 28 of the state’s hospitals and health services in a bid to guard against further cyber attacks. The AU$30 million will Read More …

European Union: Regulation UE 2019/452 On Foreign Direct Investment Comes Into Application

As of yesterday, 11 October 2020, the EU Regulation 2019/452 of 19 March 2019 (“Regulation”) on the control of foreign direct investment is directly applicable in Italy. The aim of the Regulation is to establish a common system among Member Read More …

Strategic investment to secure smart factories

Security is undergoing a digital transformation in the manufacturing industry. As the fusion of the cyber world and the physical world progresses, various security issues are mounting. Manufacturing executives must view security as a management issue, not as a system Read More …

Australia to invest a record A$1.35bn in cyber security

Dubbed the Cyber Enhanced Situational Awareness and Response (Cesar) package, the investment will help Australia identify cyber threats, disrupt foreign cyber criminals and build industry partnerships, said Australian prime minister Scott Morrison yesterday. Noting that malicious cyber activity undermines the Read More …

Singapore to spend $719m beefing up government’s cyber, data security systems

The Singapore government will look to invest SG$1 billion to beef up its cyber and data security systems, which it says is critical as its agencies increasingly adopt technologies such as artificial intelligence (AI), cloud, and Internet of Things (IoT). Read More …