- U.S. President Joe Biden has signed an executive order that strengthens a regulatory committee’s powers to oversee foreign investments in the U.S.
- The Committee on Foreign Investment in the United States (CFIUS), which was established in 1975, is now tasked with expanding its areas of review and ensuring its responsiveness to “evolving national security threats.”
- The order directs CFIUS to review the sectors of microelectronics, artificial intelligence, biotechnology and biomanufacturing, quantum computing, advanced clean energy and climate adaptation technologies, which all happen to be areas of focus in China’s “Made in China 2025” plan.
- It also instructs the committee to review cybersecurity risks posed by foreign investments that may threaten national security.
- The order marks the first time since the establishment of CFIUS that a president has laid out risks that the committee must consider across transactions.
U.S. President Joe Biden signed an executive order on Thursday that fortifies a regulatory committee’s powers to screen foreign investments in the U.S., many of which included Chinese shares in tech in recent years.
The Committee on Foreign Investment in the United States (CFIUS), which was established in 1975 under the Ford administration, is now tasked with expanding its areas of review, as well as regularly evaluating its processes, practices and regulations to ensure that they “remain responsive to evolving national security threats.”
- Dr. Kyung-shick Choi, a cybercrime and cybersecurity professor at Boston University Metropolitan College (BU MET), helped the Korean National Police track down the person who stole his identity and scammed South Korean citizens out of more than $50,000 in 1999.
- Choi discovered that the husband of one of his friends used personal information from his website to deceive five victims while posing as the BU MET professor, who was a student at Northeastern University at the time.
- Despite clearing his name in his native South Korea, however, Choi found himself under suspicion among his peers and teachers back in Boston.
- “I’m the only Asian student in the entire program, so very noticeable,” he was quoted as saying. “They know I do technology. So it was extremely uncomfortable, just continuing studying at Northeastern. [That] one year was a horrible year for me. I couldn’t really sleep.”
- Choi believes it is now more important than ever to have cybercrime studies since we are undergoing what he considers to be the fourth industrial revolution.
A cybercrime and cybersecurity professor at Boston University Metropolitan College (BU MET) once helped the authorities track down the person who stole his identity and scammed South Korean citizens out of tens of thousands of dollars in 1999.
Speaking to BU Today, Dr. Kyung-shick Choi recalled how he once became a victim of cybercrime while he was still studying criminal justice at Northeastern University in the late ‘90s.
Japan’s minister of cybersecurity, who oversees policies related to computers, admitted that he does not know how to use one, according to The Japan Times.
Yoshitaka Sakurada, 68, revealed this during a Lower House Cabinet Committee meeting question and answer session on Thursday. The minister was quoted by The Japan Times as saying, “I don’t use computers because since I was 25 I have been in a position of authority where secretaries and employees handle such tasks for me.”
Just days after the iPhone X hit stores on Nov. 3, Vietnamese cybersecurity company Bkav claims a $150 3D-printed mask bypassed the new Face ID, which is used to unlock the Apple device.
In a blog post and YouTube video (below) published on Friday, Bkav appears to show how they cracked an iPhone X’s Face ID using a mask made from 3D-printed plastic, silicone, makeup and cutouts for the eyes, nose and mouth.
A new internet connectivity has been spotted in North Korea via Russian telecommunications company, TransTeleCom, amid rising tensions between the hermit kingdom and the United States.
The activity was spotted on Oct. 1 by Dyn Research, a company that specializes in monitoring internet connectivity, at around 9:00 a.m. GMT (5:00 a.m. ET), according to Reuters.