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Tag: Security

Believing these Social Security myths could make you poorer in retirement

Believing these Social Security myths could make you poorer in retirement

Finance
If you're like many retirees, your Social Security checks will account for a large portion of your retirement income. But how well you understand the ins and outs of these benefits could make a big difference in how much you receive over your lifetime. To that point, 69 percent of baby boomers — a generation of individuals who are either in or approaching retirement — expect Social Security to be a "major" source of retirement income, according to a recent report from the Insured Retirement Institute. ...
BAE launches cyber security intelligence network

BAE launches cyber security intelligence network

Technology
BAE Systems has launched a new industry forum and lobbying group called The Intelligence Network to address increases in cyber attacks. In April, the UK's National Cyber Security Centre and NCA warned that criminals were launching more online attacks against British businesses than ever before.Attempts to tackle this by the biggest companies have included sharing intelligence on the attackers' methods, but this has been blighted by insufficient data-sharing occurring on an ad-hoc basis.Speaking in London on Monday, James Hatch, the director of cyber services for BAE Applied Intelligence, acknowledged that collaboration between companies wasn't working well enough.In a new report by BAE, with contributions from Vodafone, think-tank RUSI, startup accelerator CyLon and others,...
Banking by smart speaker arrives, but security issues exist

Banking by smart speaker arrives, but security issues exist

Technology
Hey Alexa, what's my bank account balance? Big banks and financial companies have started to offer banking through virtual assistants — Amazon's Alexa, Apple's Siri, and Google's Assistant — in a way that will allow customers to check their balances, pay bills and, in the near future, send money just with their voice. And with the rapid adoption of Zelle, a bank-to-bank transfer system, it soon could be possible to send money to friends or family instantly with voice commands. But the potential to do such sensitive tasks through a smart speaker raises security concerns. Virtual assistants and smart speakers are still relatively new technologies, and potentially susceptible to being exploited by cyber criminals. Regional banking giant U.S. Bank is the first bank to be on all t...
Solving America's retirement security challenges

Solving America's retirement security challenges

Finance
Americans dream of retiring with financial security, but for too many it's a struggle on how they will get there. According to a recent estimate, 1 out of 3 Americans have less than $ 5,000 put aside for their retirement years. Meanwhile, baby boomers are exiting the workforce in droves, with 10,000 of them retiring each day. And the U.S. Census Bureau projects that more than 20 percent of U.S. residents will be age 65 or older by 2030. With an entire generation on the cusp of retirement, the rules governing retirement plan administration need to be modernized to make it easier for employers to offer savi...
Food security in Cambodia faces threat due to hydropower

Food security in Cambodia faces threat due to hydropower

Science
May 31 (UPI) -- New dams for hydroelectricity are altering Cambodia's Mekong River, and could threaten fish migration, livelihoods and regional food security -- and the predictable seasonal patterns that farmers and anglers depend on. A new paper from the University of Illinois and Iowa State University, published this month in the Journal of Soil and Water Conservation, suggests officials partner with locals, who have a deep knowledge of the river, to address the problem. Their knowledge, along with technical and scientific findings, is important for developing effective strategies to adapt to the changing flows and uses of the river. "Due to years of civil wars that destroyed infrastructure and hindered modernization, only a little more than half of the Cambodian population has access ...