North Korean charged over cyber attack that hit NHS
A North Korean man has been identified as part of a group behind the WannaCry ransomware which caused havoc to the NHS. US authorities say Park Jin Hyok was part of the state-sponsored “Lazarus Group”, which was allegedly being responsible for hacks on Sony Pictures and the theft of $81m (£62m) from a bank. The…
Read more
POSTED BY
Wan Wei Han
British Airways – 380,000 card payments ‘compromised’
Shares of British Airways’ parent company IAG fell around 4% as markets opened on Friday morning, hours after the airline said the credit card information of at least 380,000 customers had been “compromised” in a data theft. The airline said people using BA.com and its mobile app for flight bookings were targeted by hackers between…
Read more POSTED BY
Wan Wei Han
China’s ‘Silk Road’ project runs into debt jam
CHINA’S massive and expanding “Belt and Road” trade infrastructure project is running into speed bumps as some countries begin to grumble about being buried under Chinese debt. First announced in 2013 by President Xi Jinping, the initiative also known as the “new Silk Road” envisions the construction of railways, roads and ports across the globe,…
Read more POSTED BY
Wan Wei Han
Corporate Culture goes beyond that of the CEO
Stories of corporate culture gone off the rails have become a regular feature in the headlines. From rampant sexism and bullying, falsifying of critical safety records, to underhand tactics against competitors and outright fraud, breakdowns in standards of governance inevitably lead to demands for strong action to be taken. But while companies, governments and regulators…
Read more POSTED BY
Wan Wei Han
4 years worth of Audited Financial Reports no Longer valid
Midas, a Chinese railway parts maker which has a primary listing on the mainboard of the Singapore Exchange and a secondary listing in Hong Kong, is being investigated in Singapore and China for fraud. Founded in 2000 by Patrick Chew, a Singaporean businessman with a rags-to-riches story, and a Chinese partner, Chen Wei Ping, trading…
Read more POSTED BY
