Bank of America ‘Already Seeing Evidence’ of Coronavirus Economic Impact
A senior Bank of America economist said early signs of an impact of coronavirus on the U.S. economy were already visible in some leading indicators. Michelle Meyer, Bank of America’s head of U.S. economics, said in a note on Feb. 28 that “it will take time for the ‘hard’ economic data to show the impact but we are already seeing evidence in early economic indicators.” Major stock market indexes suffered their worst week since the financial crisis last week amid a virus-driven equities selloff and associated lurch towards safe-haven assets like bonds. U.S. Treasuries absorbed major capital flows last week, with the yield on the 10-year note hitting a new record low. Bond yields move in the opposite direction to prices, with falling yields a sign of growing interest by investors,…
Australia’s parliament is under daily attack from malicious actors seeking to infiltrate its computer systems.
Senate President Scott Ryan told a parliamentary committee on Monday investments in beefing up cybersecurity had paid dividends in recent months.
“The sophistication of these types of attacks and the attractiveness of the parliamentary environment … was highlighted when we began to see parliamentary staff being targeted through personal email addresses in an attempt to bypass the security controls on the parliamentary network,” he told the estimates hearing in Canberra.
Staff were asked not to access personal web-based email accounts from parliament’s computers for a week, which along with “maturing cybersecurity defences” thwarted the attempted attacks.
“This is one example of many cases on a daily basis where parliament is targeted by malicious actors,” Senator Ryan said.
Nevertheless, he reminded all senators and those working in the building that cybersecurity was everyone’s business.
The Australian Parliament House network was breached in February 2019 in an attack that sought to hack the platforms of the Liberal, Labor and National political parties.
A small amount of non-sensitive data was taken.
Security sources have reportedly pinned that attack on China, but the government has never confirmed its suspicions about who was behind the hack.
This article is from the Internet:Daily Cyber Attacks on Parliament System
Enemy Is China, Experts Warn at the Annual Gathering of Conservatives
NATIONAL HARBOR, Md.—The increasingly rising threat that China poses to the United States was a hot topic at this year’s Conservative Political Action Conference (CPAC), the largest annual gathering of conservatives in the country. At a panel discussion titled “The Present Danger: China” on Feb. 27, a Republican lawmaker framed the communist regime as “insidious.” And China experts criticized Beijing over its efforts to deflect blame for coronavirus outbreak onto the United States. Speaking at the event, Rep. Scott Perry (R-Pa.) said after four decades, Americans have started to realize the threat posed by China’s military and economic rise. He likened the Communist Party’s strategy to the famous “Trojan horse” in Greek mythology, a massive hollow wooden horse constructed by the Greeks to gain entrance into the city of Troy…
