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Senator touts Taiwan's 'global significance'

Taiwan is a “country of global significance” and its security has implications for the world, US Senator Bob Menendez said yesterday in a meeting with President Tsai Ing-wen (蔡英文).
“With Taiwan producing 90 percent of the world’s high-end semiconductor products, it is a country of global significance, consequence and impact, and therefore it should be understood the security of Taiwan has a global impact,” Menendez, who is chairman of the US Senate Committee on Foreign Relations, told Tsai at the Presidential Office in Taipei.
Menendez is part of a delegation led by US Senator Lindsey Graham that arrived in Taiwan on Thursday ....

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SFC bans Wang Yu Ching, ex-Bank of Singapore & Bank Julius Baer, for 10 years

SFC bans Wang Yu Ching, ex-Bank of Singapore & Bank Julius Baer, for 10 years
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Taiwan's Cybersecurity Dilemma - Taiwan Business TOPICS


Taiwan Business TOPICS
The island’s world-leading ICT and semiconductor sectors have come under the spotlight following a series of high-profile cyberattacks.
In late March, Taiwanese tech hardware giant Acer reportedly was the victim of a ransomware attack – a type of cyberattack in which money is demanded in exchange for hacked sensitive data. According to media reports, the perpetrators of the attack were a hacker group thought to be located in Russia that calls itself REvil (also known as Sodinokibi). It demanded Acer pay US$50 million – the highest amount ever requested in a such an attack anywhere – and posted screenshots of hacked financial documents and confidential files on its dark web-based data leaks blog. Acer was reported to have negotiated with REvil, offering a lower sum, which the hackers refused. ....

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