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Transcripts For BBCNEWS Business Briefing 20180115

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Activity is still on the rise. Law enforcement agencies are having an increasingly difficultjob of tackling new types of Economic Crime. Here in the uk, the latest report by accountants bdo, out today, reveals the total value of reported corporate fraud has risen by a staggering 538 over the last 15 years, to £2. 11 billion. This seems to be part of an international trend. The most recent Economic Crime survey, by accountants pwc, says more than a third of organisations report being victimised by Economic Crime. And cyber crime has gone up the list, jumping to the second most reported Economic Crime among businesses. It ranges from identity theft, payment card theft, through to areas like cryptocurrency manipulation. So what is the cost of this . Hiscox insurance says, in 2016, cyber crime cost the Global Economy over 450 billion, and that over two billion personal records were stolen. With me is david clarke, director of the Fraud Advisory Panel, and former head of the police nationalfraud intelligence bureau. Good morning. Good morning. Thank you for coming in. It sounds really bleak, and quite depressing, really, that we cant get on top of this. But its getting harder, isnt it . think what we have from the Fraud Advisory Panel, what we have been saying for several years now, businesses across the world, charities, we have been experiencing a huge trust deficit. And that is as a huge trust deficit. And that is as a result of corporate scandals, data loss. Ba rely a a result of corporate scandals, data loss. Barely a week seems to go by when we havent seen data going missing. The truth is, a lot of people should be saying why are the companies and charities putting measures in place to try to stop cyber crime . Because, with such enormous losses, like we have just heard, an investment in Cyber Protection seems a natural thing. Now, explain why. Is it the cost of it . Is it because it is too difficult with those who want to commit cyber crime, hackers, those who want to do that kind of thing, they are always ahead of the game, it would seem. A lot of people would say it is difficult, but a lot of it is really good simple housekeeping. We talked last year and one of our reports, businesses behaving badly, about businesses out there who are doing the right thing, but they are too late to do it. They are putting in place malware protection, regular patching to stop those ransom ware attacks, and training new staff. When i work with people, we see increasingly sophisticated e mails, and we have created across the world the ability to communicate via e mail. If you trained staff, does this look right, when this e mail comes in, just step back. Some training and repair, because this could be a criminal trying to get your bank details or whatever. Good housekeeping. This, and otherwise we are going to create what we have created across the world, which is a paradise for cyber criminals. I can access people without going into their office. It is interesting you are talking about this when we have been talking about intel, of course, and the fact that if your computer is ouron, the and the fact that if your computer is our on, the doors and windows are wide open. It seems we are extremely vulnerable. Should customers if they are behaving badly be penalised for that . Will cause them to change their behaviour . I think this is what the reality is. Eu rules come m, what the reality is. Eu rules come in, the regulations. That is in may, isnt it . In may, a lot of firms and charities dont know about this. 0thers firms and charities dont know about this. Others are doing really good stuff. And it doesnt cost the earth, training staff, explaining what to look out for. If you go on to the information commissioner s or the Fraud Advisory Panel website, you will see information. Just dont fall for simple tricks. And here is the good news for blue monday. If you comply and get a seat is in place, you become as a company a Third Party Supplier which is compliant, which helps you win deals. The good news is, we want to win those deals. Thank you for coming in, really appreciate it. Do ta ke coming in, really appreciate it. Do take a look at their advice, their website. Shares of japans softbank shot up today, after reports it may plan a 18 billion ipo of mobile phone unit this year. Lets go to our Asia Business hub, where rico hizon is following the story. Sally lovely to see you. Happy monday to you. You are always cheery, regardless of the day of the week for the time of year. It is not a blue monday for me. Me neither, who came up with that anyway . Tell us about softbank. Absolutely, it is the talk of the market this monday because the listing potentially, sally, could be on two exchanges. 0ne sally, could be on two exchanges. One is the Tokyo Stock Exchange, and there is a lot of talk right now that the second listing could be in london. Media reports say the offering could be as early as spring, which falls between march and may, and the shares will debut in tokyo and elsewhere potentially around autumn. And if the listing materialises, it would rival the massive 1987 listing of nippon telegraph and telephone in size. Softbank confirmed in a statement that the share sale is an option, but no decision has yet been made. The softbank group, which is majority owned by a japanese billionaire, reportedly intends to sell about 30 of the standing shares in its subsidiary to investors, while keeping a stake of around 70 . Softbank has links with the uk because in 2016 it acquired a Technology Firm for 32 billion us dollars. And softbank shares are currently rising more than 5 , which is exciting the Tokyo Stock Exchange news of this spin off initial public offering. And one one of americas most popular auto shows has begun in detroit, the birthplace of the countrys motor industry. Car sales in the us fell for the First Time Since the financial crisis in 2017, and major American Auto manufacturers are focusing this year on launching pick up trucks, which they hope will keep profits up. The bbcs Yogita Limaye reports from detroit. One of the first car launches of 2018. Among the most traditional of vehicles here in america, a pick up truck. General motors launched a new version of their silverado. Encouraged by rising sales of the older model last year. The truck business in the us is a big part of our business, it is very, very popular. Profitability on trucks is very good, so we like that, and so it was time to launch these new trucks. For decades now, the pickup trucks. For decades now, the pickup trucks have remained bestselling vehicles in the us. They are big, they are expensive, and they are fuel guzzlers, but america loves them. And at a time when sales have been flagging, especially of small ca rs been flagging, especially of small cars and sedans, the us small car industry is hoping that pick up trucks will help bail it out. For Small Business owners, who make up a large chunk of this large country, it isa large chunk of this large country, it is a necessity. And all major car makers here want in on that. Trucks makers here want in on that. Trucks make companies more money than any other vehicle. As the economy expands, there is more work to be done, and that could be why demand for them is rising, aided by low fuel prices. Well, pickup trucks are very important. We sell 7000 8000 every year. I think we sell a pick up truck every 20 seconds, 30 seconds in the united states. And while they hedge themselves with other cars and other markets, in the us, companies are relying on these giants to drive profits up. Now lets brief you some other business stories the british Building Contractor carillions key creditors will meet government officials today, to try to prevent the firm collapsing. The company, which employs 20,000 people in the uk, is contracted to maintain many government facilities, such as schools, prisons, and homes on military bases. It has run up debts of £1. 5 billion. Volkswagens car sales rose to a new record last year, thanks to rising demand in china and the americas. Despite the emission cheating scandal, the company overtook toyota as the worlds bestselling carmaker in 2017. It is on track to retain that spot. Financial markets in asia are all heading higher, a couple of markets bucking the trend, shanghai down slightly. This follows a record close on friday. No action on wall street at all, with the Martin Luther king street at all, with the Martin Luther kinng street at all, with the Martin Luther king jr holiday. That is what is happening in the united states. We have had quite an alarming picture put on at harveys twitter feed. He is with abc news, their australian correspondent. He is reporting that the floor of the Stock Exchange injakarta, that is indonesia, of course, has collapsed. He is tweeting pictures of the scene there. We will find out more details, there are many casualties, apparently. As i said, the jakarta Stock Exchange. When we find out more, we will let you know. Up next news briefing. Women and girls are being asked to share their experiences of Sexual Harassment in public places, as the government launches a new inquiry. The investigation by the women and Equalities Committee aims to discover why it is happening, and what steps can be taken to root it out. Simonjones reports. Allegations against the movie mogul Harvey Weinstein and other hollywood figures, claims of Sexual Misconduct at westminster. They have brought theissue at westminster. They have brought the issue of harassment into the open. Now, an influential committee of mps open. Now, an influential committee of m ps wa nts open. Now, an influential committee of mps wants to hear from women about their experiences of being groped, intimidated, orassaulted, on the street, on public transport, inshops and in bars and clubs. The enquiry is being welcomed by many. Inshops and in bars and clubs. The enquiry is being welcomed by manylj think it is really important. It is definitely still occurring, and a lot of men, i think, at aware of it. I think it exactly very important. I think, yes, it needs to be heard. Yes, it is that the right thing to be done, but i think we should focus more on what is being done in the workplace, and make it more of an even playing field. A recent survey by yougov suggested 85 of women aged 18 and 2a had experienced u nwa nted aged 18 and 2a had experienced unwanted attention and public places. 45 had suffered unwanted touching, and the number of reported Sexual Offences on trains has more than doubled in the past five years. The committee recognises that harassment can happen to anyone. But it says it wants to shine a spotlight on something that seems to be routine in womens lives. It says it wants to know why it is happening, and what the government can do to try to stop it. The home 0ffice can do to try to stop it. The home office says it will continue to work until the problem is eliminated completely. Coming up at 6 00am on breakfast louise and dan will have all the days news, business and sport. This is the briefing from bbc news. The latest headlines talks begin between south and north korea over pyongyangs participation in the winter olympics. Following the missile attack that never was, donald trump says he will now get involved in the investigation. Venus williams becomes the first big name to go out of the australian open, losing to switzerlands belinda bencic. And in business the cost of cyber crime. The Global Economy lost over 450 billion in 2016, and it is only getting worse. So what can you do to protect yourself . We arejust we are just hearing from the Stock Exchange in jakarta, we are just hearing from the Stock Exchange injakarta, the floor has collapsed there and we are seeing images on twitter. I have retreated some of the images, adam harvey, who isa some of the images, adam harvey, who is a correspondence there has taken lots of footage. Saying there are many casualties, the floor has collapsed, we are looking to get more clarification on the story and find out more for you. When we do, we shall you know. Shall let you know. Now it is time look at the stories that are making the headlines in media across the world. We begin with the daily telegraph, which reveals that medical records of british cancer victims have been given to an American Firm working for one of the Worlds Largest tobacco companies. There are fears the data could be used in legal cases minimising the impact of smoking. The guardian leads with british Building Contractor, carillion, which is on the brink of collapse but hoping for an Eleventh Hour rescue

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