UK wants safer products as Hack Friday sales kick off
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Apple’s decision to sue Israeli spyware maker NSO this week over monitoring software it has installed on iPhones is one end of the spectrum of measures deterring hackers.
On the other end is the creation of hardware and software that can’t be hacked in the first place, and Apple can claim some success there. âApple devices are the most secure consumer hardware on the market,â said Craig Federighi, senior vice president of software engineering, Apple. The company cited research who found that other mobile platforms have 15 times more malware infections than the iPhone, while less than 2% of mobile malware targets iOS devices.
The UK government has now taken steps to ensure that other makers of connected gadgets improve their game. Bill on Product Safety and Telecommunications Infrastructure (PSTI), presented to parliament on Wednesday, will demand that manufacturers, importers and distributors of these products “adhere to strict new cybersecurity standards – with hefty fines for those who fail to comply.”
The new regulations would include a ban on easy-to-guess default passwords that are preloaded on devices, a requirement for full disclosure of expected point-of-sale security updates, and a requirement to allow security researchers and others to easily report the discovery of bugs.
The new regime will be overseen by a regulator, with the power to ban the sale of products and to impose fines on companies of up to Â£ 10million or 4 percent of their global turnover, as well as up to ‘to Â£ 20,000 per day in the event of an ongoing traffic violation.
Devices covered include smartphones, smart TVs, game consoles, security cameras, baby monitors, smart home hubs and devices, voice-activated assistants, smart thermostats and portable fitness trackers. .
The growing range of connected and accessible products is certainly astounding. The consumer watchdog Which one? tagged Black Friday as Hack Friday in a report last week. He found more than 1,800 smart technology products available for sale – including doorbells, wireless cameras, alarms and tablets – using apps with inadequate security protection that left users exposed to hackers or violation of the confidentiality of their data.
The Internet of (five) things
1. US blacklists Chinese quantum computing companies
The move, which makes it nearly impossible for US companies to sell technology to listed companies, targeted a total of 27 entities, including 12 in China and two affiliates in Japan and Singapore. In addition to quantum computing, the list included companies in the semiconductor and aerospace industries.
2. SK Hynix affected by pressure from technology transfer to the United States
US opposition to South Korean chipmaker SK Hynix’s plan to upgrade a factory in China threatens the company’s competitiveness. Analysts say the latest machines, made by ASML in the Netherlands, are due to be installed within the next three years so that SK Hynix can keep up with other global chipmakers, such as Samsung and Micron. Richard Waters’ Inside Business column this week examines how Intel has been overtaken in market value by US rivals Nvidia and Qualcomm, with AMD also moving closer.
3. Kazakh Crypto Winter
A massive migration of crypto miners from China contributed to the emergency shutdown of three major power plants in Kazakhstan last month. National grid operator Kegoc has now warned it will start rationing electricity to the 50 crypto miners who are registered with the government.
4. Iniesta scores his own crypto goal
As promotions for crypto exchanges and tokens in sports explode, the Spanish market regulator has had to warn one of the country’s soccer heroes of his apparent recommendation of Binance, without alerting followers to the risks. AndrÃ©s Iniesta, who scored the game-winning goal in Spain’s 2010 World Cup victory, posted photos of himself on Twitter using the exchange.
5. Why the nuclear fusion race has just picked up speed
Scientists are on a 60-year mission to answer one of energy’s most complex problems: how to harness the power of the sun to generate clean, endless electricity on Earth. No group has been able to generate more energy from a fusion reaction than the system consumes. But now scientists are optimistic.
Forwarded from Sifted – European start-up week
Individual investors have long been part of the startup ecosystem, writing little checks for early stage businesses. But the big investments have been left to the venture capitalists. Everything is changing with the rise of the “solo GP”, with individuals raising more than $ 100 million in funds themselves and disrupting the world of start-ups and investing. The trend started in the United States, but is now moving to Europe. The latest to break ranks and launch a solo fund is former Lakestar partner Manu Gupta, who recently founded Blue Lion Capital, he confirmed to Sifted. While Gupta has a partner who will manage the operations side of the portfolio, Gupta will be the primary investment and fundraising brain.
Elsewhere in European start-ups this week, the collapse of the energy start-up The light bulb is a blow to investors whose stakes amounted to tens of millions; new start-up Gelatex says it can make cultivated meat 90% cheaper; and Yababa, a grocery delivery company focused on multicultural products, raised $ 15.5 million in fundraising after several other similar start-ups these last weeks.
Technical tools – The links are back
It’s getting easier to log in and see other social media services, reports Sara Fischer from Axios, as they become more relaxed about the use of competing products by members. Twitter has finally ended politics which required users to click on Instagram links shared on Twitter in order to view the shared photos. The growth of the designer economy has also created pressure to allow bio-link and purchase link characteristics, according to The Information. In other examples, Bitly spear a “Link Launchpad” this month, a landing page that allows users to share multiple links from their social media profiles. And Linktree, an âorganic linkâ service, created an integration with Shopify storefronts.