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Ransomware on the Rise in Critical Infrastructure Sector | King & Spalding

To embed, copy and paste the code into your website or blog: Recent ransomware attacks against U.S. critical infrastructure, which includes the energy sector’s production of oil and natural gas, and other sources of electricity and power, have shed a spotlight on the importance of staying updated on sector-specific techniques, tactics and procedures (“TTPs”), and preventative and remediation actions. This Client Alert will: (1) provide a brief background on the nature and risks of ransomware on critical infrastructure; (2) discuss the current ransomware threat landscape; (3) note legal considerations companies should take into account when determining how to respond to ransomware attacks; (4) discuss recent calls for cybersecurity oversight; (5) provide an overview of recent public ransomware incidents; and (6) set forth potential steps companies can take to mitigate the risks of ransomware.

Quanta reports strong Q1 profit, but fears shortages

Quanta reports strong Q1 profit, but fears shortages By Angelica Oung / Staff reporter Quanta Computer Inc (廣達電腦), one of the world’s leading contract notebook computer makers, yesterday reported strong profit for the first quarter, but added that a severe shortage of key components could affect its business. “Our growth could be limited by a shortage of components,” Quanta spokesman Elton Yang (楊俊烈) told an online investors’ conference. “The situation is severe, and it is hard to calculate how short we are,” Yang added. The logo of Quanta Computer Inc is pictured outside the company’ headquarters in New Taipei City’s Linkou District on March 30 last year.

Shoe factory owner ranked Taiwan s richest person

Shoe factory owner ranked Taiwan’s richest person Staff writer, with CNA Zhang Cong-yuan (張聰淵), founder of contract shoemaker Huali Industrial Group Co Ltd (華利集團), has taken the title of Taiwan’s richest person, with a net worth of US$13.8 billion, Forbes announced in its Taiwan’s Richest 2021 list. It was the first time that the low-key, self-made tycoon ranked No. 1 on Forbes’ list of the top 50 billionaires in Taiwan. Huali Industrial, which owns production facilities in China, Vietnam and the Dominican Republic, supplies international customers such as Nike Inc, Puma AG, UGG and Vans, the magazine said. The Liang Shing and Takson shoe factory, believed to be where Zhang Cong-yuan started his business, is pictured in Yunlin County’s Cihtong Township on Friday. Forbes has ranked Zhang, founder of contract shoemaker Huali Industrial Group Co Ltd, as Taiwan’s richest person.

Shoe business owner ranks as Taiwan s richest person: Forbes

Shoe business owner ranks as Taiwan s richest person: Forbes 05/07/2021 10:13 PM Zhang s shoe factory in Yulin County. Photo courtesy of a member of the public Taipei, May 7 (CNA) Zhang Congyuan (張聰淵), founder of contract shoe maker Huali Industrial, took the title as the richest person in Taiwan, with a net worth at US$13.8 billion, according to Taiwan s Richest 2021 list released by Forbes. It was the first time for the low-key, self-made tycoon, to top the Forbes top 50 billionaires list in Taiwan. Huali Industrial owns production facilities in China, Vietnam and Dominica, and its international customers include Nike, Puma, UGG and Vans, the magazine said.

Wistron profit falls due to stake in Luxshare Precision

Wistron profit falls due to stake in Luxshare Precision By Angelica Oung / Staff reporter Wistron Corp (緯創), one of Apple Inc’s iPhone assemblers, yesterday reported that first-quarter net profit plunged 95 percent quarter-on-quarter and 84 percent year-on-year to NT$113 million (US$4.05 million), dragged by non-operating losses. That compared with a net profit of NT$726.71 million a year earlier and NT$2.32 billion in the fourth quarter of last year. Earnings per share (EPS) dipped to NT$0.04, from NT$0.26 a year earlier and NT$0.83 the previous quarter. Wistron Corp chairman Simon Lin speaks at an event at Taipei New Horizon Building on Jan 14. Photo: CNA

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