Prince Andrew and China’s CCP President Xi Jinping…

Prince Andrew christened a Confucius Institute and extolled the controversial Chinese government-funded propaganda fronts while also visiting a British company collaborating on China’s exploitative One Belt One Road initiative – with all events occurring alongside President Xi Jinping in 2015. ”

https://thenationalpulse.com/news/prince-andrew-and-xi-confucius-institute/

Continuous Efforts By Chinese Hackers to Target Foreign Governments…

chinese hackers

Phishing is still one of the widely used strategies by cybercriminals and espionage groups to gain an initial foothold on the targeted systems.

Though hacking someone with phishing attacks was easy a decade ago, the evolution of threat detection technologies and cyber awareness among people has slowed down the success of phishing and social engineering attacks over the years.

Since phishing is more sort of a one-time opportunity for hackers before their victims suspect it and likely won’t fall for the same trick again, sophisticated hacking groups have started putting a lot of effort, time and research to design well-crafted phishing campaigns.

In one such latest campaign discovered by cybersecurity researchers at Check Point, a Chinese hacking group, known as Rancor, has been found conducting very targeted and extensive attacks against Southeast Asian government entities from December 2018 to June 2019.

 

Full story here: https://thehackernews.com/2019/10/chinese-hackers-phishing.html

China payment restrictions to hit industry’s profits

BEIJING — A decision by China’s central bank to rein in reserve funds held by payment firms could cost the industry upwards of $689 million a year, spur consolidation and alter the way Asia’s biggest tech firms move money.

Mobile payments using in-app QR or bar codes have become ubiquitous for everything from taxis to grocery shopping and bike rental in China in recent years, with customers making 19 trillion yuan ($2.9 trillion) in transactions in 2016, according to iResearch.

The rapid uptake has spurred fears that mobile payment firms, without oversight, could misuse funds held while transactions between users and merchants clear.

Regulations unveiled by the People’s Bank of China (PBOC) on Saturday require firms to allocate 42 to 50 percent of their total client funds in regulated interest-free reserve accounts by April, up from a current rate of 12 to 20 percent.

Read Full Story Here: http://www.the-japan-news.com/news/article/0004165476