SolarWinds and its CISO accused of misleading investors before major cyberattack

The Securities and Exchange Commission (SEC) has announced charges against software company SolarWinds Corporation and its chief information security officer (CISO), Timothy G. Brown, for “fraud and internal control failures relating to allegedly known cybersecurity risks and vulnerabilities.” In 2020, Read More …

Microsoft to help Australia’s cyber spies amid $5bn investment in cloud computing

Microsoft says it will invest an additional $5bn in Australia over the next two years to expand hyperscale cloud computing capacity while collaborating with the Australian Signals Directorate (ASD) to boost domestic protection from cyber threats. Anthony Albanese confirmed the Read More …

NATO Innovation Fund closes on EUR 1bn flagship fund

Twenty-three NATO Allies have officially become Limited Partners of the NATO Innovation Fund (NIF), which is preparing to make its initial investments later this year. The Participating Allies* have also welcomed Sweden’s interest to join the NIF. Sweden’s participation will Read More …

US govt grants academics $12M to develop cyberattack defense tools

The US Department of Energy (DOE) has announced that it will provide $12 million in funding to six university teams to develop defense and mitigation tools to protect US energy delivery systems from cyberattacks. Cybersecurity tools developed as a result Read More …

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 …