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Firewalls to be drawn between industry, finance
The Fair Trade Commission (FTC) yesterday made it clear that a strict firewall will be set up between industrial giants and their financial subsidiaries in a move to prevent conglomerates from abusing financial units for business expansion and controlling the business arms.
In a report to President Roh Moo-hyun yesterday, FTC Chairman Kang Chul-kyu said conglomerates will be prohibited from exercising voting rights in their financial subsidiaries.
According to analysts, once the system is put in place, the Samsung group will be hit hardest as it controls many large financial units, including Samsung Life Insurance, Samsung Securities and Samsung Card.
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Spotlight

Cyber espionage campaign uses professionally-made malware
Posted on 20 May 2013. | A massive cyber espionage campaign has been hitting government ministries, IT companies, academic research institutions, and more.

Ransomware adds password stealing to its arsenal
Posted on 17 May 2013. | Microsoft researchers are warning about a new variant of the well-known Reveton ransomware doing rounds.

Application vulnerabilities still a top security concern
Posted on 16 May 2013. | Respondents to a new (ISC)2 study identified application vulnerabilities as their top security concern. A significant gap persists between software developers’ priorities and security professionals’ concerns.

IT security jobs: What's in demand and how to meet it
Posted on 15 May 2013. | Let's say you want a career in information security, where do you start? What credentials do you need? What are employers looking for? Read on to find some answers.

Hacking charge stations for electric cars
Posted on 15 May 2013. | Ofer Shezaf talks about what charge stations really are, why they have to be ‘smart’ and the potential risks created to the grid, to the car and most importantly to its owner’s privacy and safety.
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