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Tag: firms

Malicious faxes leave firms 'open' to cyber-attack

Malicious faxes leave firms 'open' to cyber-attack

Technology
Booby-trapped image data sent by fax can let malicious hackers sneak into corporate networks, security researchers have found.Since many companies use fax machines that are also printers and photocopiers, they often have a connection to the internal network.The malicious images exploit protocols established in the 1980s that define the format of fax messages.The research was presented at the Def Con hacker conference in Las Vegas.The two researchers said millions of companies could be at risk because they currently did little to secure fax lines.No security"Fax has no security measures built in - absolutely nothing," security researcher Yaniv Balmas, from Check Point software, told the BBC. Mr Balmas uncovered the security holes ...
South Korea firms shipped nearly $6M of North Korea coal, pig iron

South Korea firms shipped nearly $6M of North Korea coal, pig iron

World
Aug. 10 (UPI) -- Three South Korean companies illegally imported North Korean coal and pig iron in 2017, violating international sanctions adopted in August of last year. Shipments of North Korean coal into South Korea were smuggled into the country after the products were transshipped at a Russian port, according to South Korea's Customs Office on Friday, Yonhap reported. Exports of North Korean coal, iron ore and other resources are banned under United Nations Security Council sanctions Resolution 2371. The commodities are worth about $ 5.86 million, and shipments arrived in the South between April and October. The firms imported the coal as "Russian products," according to the Korea Herald. The companies have been referred to South Korea's prosecution, the customs office said. Shipmen...
Tech firms are suddenly the corporate world’s biggest investors

Tech firms are suddenly the corporate world’s biggest investors

Finance
A COMMON way to describe the history of the technology industry is by product cycles. The 1990s was the era of the PC; then came the internet and related services, followed by mobile; and now artificial intelligence looms. But there is a different way to think about tech: it is switching from an era of hoarding profits to one of reinvestment. Take a crude yardstick of spending: the physical footprint of the five most valuable American tech firms. A decade ago if you added up all the land they occupied, you got to an area one and a half times the size of Central Park. Now an ongoing splurge means they use ten times more space, or 600m square feet (55m square metres), roughly the size of all of Manhattan. This shift to redeploying profits is seismic.Amazon accounts for two-fifths of that spa...
Steel firms Thyssenkrupp and Tata to merge

Steel firms Thyssenkrupp and Tata to merge

Business
Tata Steel and Thyssenkrupp have agreed a merger that will create Europe's second-biggest steelmaker.The deal will mean Indian-owned Tata Steel's UK plants are merged into a pan-European venture with annual sales of about £13bn.These include the UK's biggest steelworks at Port Talbot in Wales, which employs 4,000 people.Tata said its "ambition" was to not have any compulsory redundancies in the UK as part of the joint venture.German-owned Thyssenkrupp's supervisory board gave the go-ahead to the merger on Friday - the two companies have been in negotiations for more than a year.Between them, they employ about 48,000 workers.The merged group anticipates it will make costs savings of between £350m to £440m a year....
Firms will have to justify worker to boss pay gap

Firms will have to justify worker to boss pay gap

Business
Large firms will have to publish and justify their chief executives' salaries and reveal the gap to their average workers under proposed new laws. UK listed companies with over 250 staff will have to annually disclose and explain the so-called "pay ratios" in their organisation.The move comes after years of shareholder and public outrage over bumper chief executive pay at firms such as Persimmon, WPP, BP, Shell, Lloyds, Astrazeneca, Playtech and William Hill.Last week housebuilder Persimmon admitted a raft of failures that led to an embarrassing shareholder rebellion over pay as MPs slammed an "egregious" pay deal for top bosses worth over £100m.The company's chairman and the head of the remuneration committee resigned after anger over their bonuses:: Persimmon bo...