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Tehran N-deal: End of debate between European Union and US

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Tehran: Negotiators of Iran, European Union (EU) and the US on Saturday ended a marathon debate on wording the context of a deal on Tehran’s nuclear programme, a media report said.

Senior Iranian negotiators Abbas Araqchi and Majid Takht-e Ravanchi, EU Deputy Foreign Policy chief Helga Schmid as well as US Under Secretary of State for Political Affairs Wendy Sherman took part in the talks in the Austrian capital Vienna on Saturday morning, IRNA reported.

However, the report said that negotiations between Atomic Energy Organisation of Iran (AEOI) chief Ali Akbar Salehi and US Energy Secretary Ernest Moniz were going on.

A meeting of Iran’s Foreign Minister Mohammad Javad Zarif and US Secretary of State John Kerry is also expected later in the day. Zarif is also expected to meet chief of the International Atomic Energy Agency Yukiya Amano.

Representatives from Iran and the P5+1 group of world powers — the US, Britain, France, Russia, China, plus Germany — are currently working together in Vienna to finalise the context of a possible deal by July 7.

(IANS)

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Cybercrimes cost businesses $600 billion globally: McAfee report

Cybercrime losses are greater in richer countries; however, the countries with the greatest losses are mid-tier nations that are digitised but not yet fully capable of cybersecurity, the report noted.

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Russia, North Korea and Iran are the most active in hacking financial institutions, while China is the most active in cyber espionage.
Russia, North Korea and Iran are the most active in hacking financial institutions, while China is the most active in cyber espionage. Wikimedia Commons

Cybercrimes have cost businesses close to $600 billion globally — or 0.8% the global GDP — which is up from $445 billion reported three years back, a report said on Thursday.

The report by the global cybersecurity firm McAfee, prepared along with the Centre for Strategic and International Studies (CSIS), said that over the last three years, cybercriminals have quickly adopted new technologies to ease the process of engaging in cybercrimes.

“Ransomware-as-a-Service Cloud providers efficiently scale attacks to target millions of systems, and attacks are automated to require minimal human involvement,” Steve Grobman, Chief Technology Officer for McAfee, said in a statement.

Also Read: Indian companies more prone to cyber attacks

“Add to these factors cryptocurrencies that ease rapid monetisation, while minimising the risk of arrest, and you must conclude that the $600 billion cybercrime figure reflects the extent to which our technological accomplishments have transformed the criminal economy as dramatically as they have every other portion of our economy,” he added.
The report, titled “Economic Impact of Cybercrime — No Slowing Down”, said that banks remain the favourite target for cybercriminals.

McAfee, Inc. is an American global computer security software company.
McAfee, Inc. is an American global computer security software company. Wikimedia Commons

Russia, North Korea and Iran are the most active in hacking financial institutions, while China is the most active in cyber espionage.

“Our research bore out the fact that Russia is the leader in cybercrime, reflecting the skill of its hacker community and its disdain for Western law enforcement,” said James Lewis, Senior Vice President at CSIS.

“North Korea is second in line, as the nation uses cryptocurrency theft to help fund its regime, and we’re now seeing an expanding number of cybercrime centres, including not only North Korea but also Brazil, India and Vietnam,” Lewis added.

Cybercrime losses are greater in richer countries; however, the countries with the greatest losses are mid-tier nations that are digitised but not yet fully capable of cybersecurity, the report noted. (IANS)

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