Daily Archives: July 5, 2017


UN Survey Finds Cybersecurity Gaps Everywhere Except Singapore

Singapore has a near-perfect approach to cybersecurity, but many other rich countries have holes in their defenses and some poorer countries are showing them how it should be done, a U.N. survey showed on Wednesday. Wealth breeds cybercrime, but it does not automatically generate cybersecurity, so governments need to make sure they are prepared, the survey by the U.N. International Telecommunication Union (ITU) said. “There is still an evident gap between countries in terms of awareness, understanding, knowledge and finally capacity to deploy the proper strategies, capabilities and programmes,” the …


Ukraine Software Firm Says Computers Compromised After Cyberattack

The Ukrainian software firm at the center of a cyber attack that spread around the world last week said on Wednesday that computers which use its accounting software are compromised by a so-called “backdoor” installed by hackers during the attack. The backdoor has been installed in every computer that wasn’t offline during the cyber attack, said Olesya Bilousova, the chief executive of Intellect Service, which developed M.E.Doc, Ukraine’s most popular accounting software. Last week’s cyber attack spread from Ukraine and knocked out thousands of computers, disrupting shipping and shut down …


Eurozone Growth ‘Higher Than Previously Thought’

A closely watched survey shows that economic growth across the 19-country eurozone was even higher than previously thought during June, more evidence of growing momentum in the single currency bloc. Financial information firm IHS Markit says its main purchasing managers’ index, which surveys both the manufacturing and services sectors, was at 56.3 points in June. Though that is slightly down on the previous month’s 56.8, it’s well ahead of the previous estimate of 55.7. Anything above 50 indicates expansion. The average reading over the second quarter was 56.6, the best …