Retirement savings are a looming concern that millions of people across the world are facing daily. Amid economic turbulence, shifting demographics, and an evolving employment landscape, a growing number of people find themselves falling short when it comes to preparing for their golden years. For many, the biggest question about retirement is not how they will spend their free time, but rather if they’ll be able to retire.
globalEDGE Blog - By Tag: security-and-risk
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With more than 1 billion users across the globe, TikTok has taken the social media world by storm. Users of all ages across the world spend time on the app daily, engrossed in the latest trends, dances, products, and more, making the app the second-most popular web domain worldwide. While the platform may have experienced exponential growth over the last few years, this trend might start to reverse, thanks to new bands countries are placing on the app.
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Since 2007, the Gaza Strip has been burdened by a land, air, and sea blockade imposed by Israel. Gaza is a self-governing territory but was seized by Israel in 1967, leading to intense restrictions that have cut Gaza off from hospitals, banks, religious practices, and other essentials in the community. The primary goal of this blockade has been to prevent imports of materials that Gazans could use for military use. For fishermen needing to travel through the Gaza Strip and buy necessary fishing equipment, these restrictions are severely limiting their ability to work in this industry.
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As of a few weeks ago, President Biden released a submarine security deal between United Kingdom and Australia to undermine China's rapidly growing navy in the South China Sea. This exchange between the United States and UK was deemed monumental as this deal meant both countries would combine information on classified nuclear technology in order to combat China's militarization of the Asia-Pacific area. Signing this business deal was expected to produce many positives such as reinforcing allies and having a major pushback on China's military, but in return, it excluded one of the United States' longest allies; France. Within this break of trust, the United States' diplomatic ties with the French were strained.
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Across California, the term “Boosters” has been gaining popularity, and rightfully so. “Boosting” is formally known as a form of organized retail crime. It consists of a network of organized crime professionals and it has stolen $50 million in products in northern California over the last 5 years. They commonly steal from large chain stores such as CVS and Walgreens and then resell the product on online storefronts such as Amazon or eBay. In some areas, the crimes have become so frequent that Walgreens closed 17 of its stores.
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Having survived the COVID-19 pandemic, many countries are looking to strengthen their security measures by controlling private information, namely the Chinese and American governments. Throughout 2020, the United States government attempted to ban the controversial app “Tik Tok” from platforms like the App Store on Apple devices because of its former ties to China. Similarly, the Chinese government is now restricting the use of Tesla’s vehicles by military and state employees as a result of privacy concerns of their own. With back and forth blows struck between the two countries, an international privacy war could be looming on the horizon.
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Over the past several months, relations between the U.S. and China have continuously been unpredictable. With recent developments, it appears that the relationship may continue to worsen. On February 13, the U.S. government charged Huawei Technologies and two of its subsidiaries with federal racketeering and conspiracy to steal trade secrets from American companies. With Huawei technologies being one of China’s top tech companies, this may lead to future global issues.
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The month of September began with a sudden evacuation for many residents of the Bahamas and southeastern parts of the United States. The slow-moving Hurricane Dorian began its course of destruction with severe flooding and winds the first week of September. In the Bahamas alone, authorities predict it will take billions of dollars to repair the damages created by the hurricane. A country can prepare all they can for a hurricane—whether that means boarding up houses and stores, packing up belongings, or evacuating—but an economy can never be prepared for the deadly effects of a hurricane.
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As industry processes around the world become more digitized, businesses find themselves increasingly prone to vicious cyberattacks. In May, a ransomware attack named WannaCry infected software in over 150 countries, upsetting procedures in the technology, finance, healthcare, transportation, manufacturing, and communications industries. Although a security patch for WannaCry was issued and installed in several systems, it wasn't enough to prevent a separate ransomware attack called Petya, which spread in June and affected thousands of machines in over 65 countries. Virtual epidemics such as these, which have become quite frequent over the past year, can prove devastating to international business, causing technological destruction, operation disruption, and widespread theft of money and intellectual property.
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Cybersecurity remains one of the largest concerns for many of today’s largest institutions. Hackers have become more prevalent than ever and are always finding new ways around the latest internet security precautions. There are many different kinds of information that these hackers seek. It can range from medical information from hospitals, staff and donor information from universities, or inside information from public or private companies. Whatever the targeted material may be, hacking is putting companies and even countries at risk to have this information stolen. Multinational cybersecurity corporations such as Cisco and Fortinet have tackled the task of creating cybersecurity systems to protect complex data and operating systems used by many institutions. As the internet grows every day, these cybersecurity platforms need to fend off new and improved cyber threats.
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In this high-tech century, news about hackers breaking into corporate information systems is not surprising anymore. Rather, it has become a common administrative issue for businesses and requires special attention from the board of directors, since cyber-security breaches can result in significant business losses if not handled properly. This blog post will review the recent findings from the World Economic Forum and McKinsey and provide the approaches that company leaders can follow to reduce cyber risks.
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With an increase in the popularity of business-to-consumer (B2C) online retail, there has been a surge of fraud in e-commerce and online payments. Fraudulent activities including personal information breaches and untrusted online payments have been deterring consumers, all over the world, from partaking in B2C e-commerce.
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As large businesses worldwide amp up on cyber security, hackers are beginning to look elsewhere for their victims. Research by Symantec, an internet security firm, states that 40% of all targeted attacks since 2010 have been on small to medium-sized businesses. Attacks on large corporations, on the other hand, have accounted for only 28% of total attacks. Hackers are targeting small businesses because they are aware that many small businesses do not have proper defenses in place and see these firms as lower-risk targets than large firms and financial institutions.
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The credit rating agency Standard & Poors recently downgraded the U.S. from its pristine AAA credit rating to a still strong AA+ rating. How exactly does this affect your business and the international business landscape as a whole?
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The security of shipping containers carrying products overseas is a very sensitive issue internationally. Since the smallest margin of error can lead to a devastating act of terror, policymakers want to do everything in their power to guarantee the safety of products shipped across the ocean. The port of Los Angeles alone received 330,000 containers in January. The risk of one dirty bomb getting past cargo inspections led the United States to pass legislation stating that every container entering the country must be scanned for weapons. Is this practical, or is it an unreasonable expectation for security officials to execute?
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Do you ever wonder why Facebook and websites always manage to have ads that seem very specific to you? Originally it was the cookie that tracked what you did, where you went, and how you used your internet. After that big scare many people started deleting their cookies every time they surfed the internet. Now? Facebook had the novel idea of the “like” button. Every time a person “likes” something, “magically” they will start seeing more ads geared towards that interest. The next step you ask? The digital fingerprint.