US Government Identifies North Korean Hacking Tool

Silicon | May 10, 2019

Authorities in the United States have this week identified malware allegedly from North Korea, which is said to be part of that country’s hacking program to raise funds from targets aboard. The malware, dubbed ‘ElectricFish’, was identified by both the FBI and Department for Homeland Security (DHS). The US Cyber Emergency Response Team (US-Cert) published a report warning both the security industry and the general public about the new malware on Thursday. “Working with US Government partners, DHS and FBI identified a malware variant used by the North Korean government,” warned the report. “This malware has been identified as ElectricFish.” The US Government said the malware is part of the “malicious cyber activity by the North Korean government,” a campaign it calls Hidden Cobra. “DHS and FBI are distributing this MAR to enable network defense and reduce exposure to North Korean government malicious cyber activity,” the report added.

Spotlight

Digital Communications Have Greatly Helped Agencies Connect With Citizens And Apply “Open Government” Principles. But They Have Also Caused A Massive Increase In Electronic Public Records.  Inherent In Their Online Activities. They’re Starting To Ask Questions About The Best Ways To Preserve Digital Records. Now More Than Ever, The Business Of Government Is Online. Council Meetings Are Broadcast On Youtube, Local News Is Delivered Via RSS Feeds, Utility Bills Are Paid Through City Websites, Transportation Schedules Are Published To Online Calendars, Opinion Polls Are Taken In Forums, Codes And Laws Can Be Viewed In Online Databases, The Police Blotter Appears On Twitter, The President Of The United States Has A Facebook Page … And That’s Just For Starters.

Spotlight

Digital Communications Have Greatly Helped Agencies Connect With Citizens And Apply “Open Government” Principles. But They Have Also Caused A Massive Increase In Electronic Public Records.  Inherent In Their Online Activities. They’re Starting To Ask Questions About The Best Ways To Preserve Digital Records. Now More Than Ever, The Business Of Government Is Online. Council Meetings Are Broadcast On Youtube, Local News Is Delivered Via RSS Feeds, Utility Bills Are Paid Through City Websites, Transportation Schedules Are Published To Online Calendars, Opinion Polls Are Taken In Forums, Codes And Laws Can Be Viewed In Online Databases, The Police Blotter Appears On Twitter, The President Of The United States Has A Facebook Page … And That’s Just For Starters.

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GOVERNMENT BUSINESS

OneWeb will Acquire TrustComm and Establish a New Government Subsidiary

OneWeb | May 11, 2021

OneWeb, the worldwide interchanges network fueled by Space, declared today it has gone into an authoritative consent to secure Texas-based TrustComm Inc., which will empower OneWeb to offer its Low Earth Orbit (LEO) organization and availability administrations to U.S. government customers and TrustComm clients. Based at the exceptionally secure Ellington Joint Base in Houston, Texas, TrustComm was set up in 1999 as a supplier of oversaw satellite correspondences and expert administrations to business associations and governments. TrustComm offers administrations going from broadband Internet access, VoIP and voice, video conferencing, and information interchanges for business coherence to crisis reaction, strategic field arrangement, and brief use. "OneWeb's procurement of TrustComm supports our procedure to quickly scale satellite interchanges to the U.S. DoD." "OneWeb's securing of TrustComm supports our procedure to quickly scale satellite correspondence administration to the U.S. Branch of Defense and other government offices as they hope to incorporate high throughput, low dormancy answers for fulfilling new availability needs," said OneWeb's Head of Government Services Dylan Browne. "We are eager to have TrustComm join our group and influence their solid standing giving the distant correspondences our clients need, especially in Alaska and the Arctic." Under the conditions of the arrangement, a recently gained intermediary auxiliary of OneWeb will be driven by TrustComm CEO Bob Roe and spotlight on presenting OneWeb's undertaking grade network administrations to clients. Terms of the exchange are classified, and it is required to shut in 2021, subject to standard shutting conditions including administrative endorsements. "The TrustComm group is excited to join OneWeb at the beginning of this new time of Satcom administrations. TrustComm's legacy and client-centered help groups will empower us to grow the arrangement of administrations we offer and permit us to seek after new freedoms. This is an energizing turn of events and we anticipate taking our administration business higher than ever in the coming year," said Roe. OneWeb will offer DoD and other government customers another set-up of administrations with network accelerates to 195 Mbps, lower inactivity, more modest and more conservative multi-circle client terminals, and inherent organization the board instruments giving generous financial investment funds over customary GEO deals models. The securing follows the fruitful exhibition of OneWeb's turnkey satellite-based correspondences framework to the DoD in March of 2021, with information rates up to 500Mbps at dormancy levels as low as 32ms. The show additionally represented the consistent handover of the network between numerous LEO satellites as they passed overhead. Intended to furnish associations and governments with really worldwide and tough availability benefits, OneWeb's answer will include an organization of 648 Low Earth Orbit (LEO) satellites, worldwide entryways, and air, sea, and land clients terminals. In late 2021, OneWeb will start offering business types of assistance across the Arctic and growing to worldwide inclusion in 2022. About OneWeb OneWeb is a worldwide correspondence network controlled from space, settled in London, empowering availability for governments, organizations, and networks. It is executing a group of stars of Low Earth Orbit satellites with an organization of worldwide entryway stations and a scope of client terminals to give a moderate, quick, high-data transmission and low-inertness correspondences administration, associated with the IoT future and a pathway to 5G for everybody, all over the place.

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GOVERNMENT BUSINESS

Qualcomm gets licence to sell 4G chips to Huawei

Qualcomm | November 17, 2020

The U.S. government has at long last backed off on Chinese cell phone producer, Huawei. The nation has permitted American chipset producer Qualcomm to sell 4G cell phone chips to Huawei Technologies Co Ltd. This is the primary exclusion made by the US government since the expanding pressures between the two nations. The American government had trained all chipset makers to quit sourcing items to the Chinese organization since Septemeber. The spokes person from Qualcomm did not specify the exact chip that they will be supplying to Huawei. However, they did confirm that it is related to mobile devices. Other than Qualcomm chipsets, Huawei has its own scope of chipsets which has been being used in many gadgets sold by the organization, particularly on mid-reach and spending contributions. The organization's capability to plan its own chips was additionally impeded in September by U.S. exchange limitations that obstructed its admittance to chip plan programming and creation devices. Industry investigators trust Huawei's store of chips bought before the boycott could run out ahead of schedule one year from now, devastating its cell phone business. Bernstein analyst Stacy Rasgon said the Qualcomm license would have a "limited impact" because it covers only 4G chips while consumers are shifting to newer 5G devices. Rasgon said it is still unclear whether U.S. officials will grant Qualcomm licenses for 5G smartphone chips. About Qualcomm Who is Qualcomm, and what do we do? We are engineers, scientists and business strategists. We are from many different countries and speak many different languages. We come from diverse cultures and have unique perspectives. Together, we focus on a single goal—we invent breakthrough technologies that transform how the world connects, computes, and communicates.

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GOVERNMENT BUSINESS

Ankura Advises Government of Puerto Rico in Largest Public Sector Restructuring in U.S. History

Ankura | March 17, 2022

Ankura Consulting, LLC, an independent global expert and advisory services firm, announced that on March 15, 2022, the Plan of Adjustment for the Commonwealth of Puerto Rico went effective. On January 18, 2022, U.S. District Court Judge Hon. Laura Taylor Swain approved the Plan of Adjustment that set the restructuring terms for approximately $34 billion of debt, which is the largest restructuring of municipal debt in U.S. history. The Plan of Adjustment paves the way for Puerto Rico to exit from bankruptcy with a stable and sustainable balance sheet. Through the implementation of the Plan of Adjustment, Puerto Rico reduces the total amount of central government debt from $34 billion to $7.4 billion; cuts Puerto Rico's maximum annual debt service payments from a maximum of $4.2 billion to $1.15 billion; and lowers per capita debt by 86%. "This is a great collective achievement for Puerto Rico, thanks to the fiscal and economic team of the Government, the Legislature, the Financial Oversight and Management Board (Oversight Board), and all those who have worked over the past five years to get to this historic moment," said Fernando Batlle, Ankura's Chairman of Latin America, who is leading all aspects of Ankura's advisory work for the Government. He continued, "The consummation of the Commonwealth Plan of Adjustment is the 'reset' button for Puerto Rico and starts a new era of fiscal stability with new opportunities to shape a successful, modern economy." Philip Gund, Global Leader of Ankura's Turnaround & Restructuring practice, commented, "Fernando and the Ankura team worked collaboratively with the Government, the Fiscal Oversight Board and its constituencies and advisors while keeping the best interests of the Commonwealth at the forefront of the restructuring." In addition to the rightsizing of the Commonwealth's balance sheet, the Plan of Adjustment also includes elements that promote and ensure that the Commonwealth maintains fiscally responsible policies and avoids the mistakes of the past, including: the establishment of debt management guidelines that govern future public indebtedness and the establishment and funding of a pension reserve trust to meet future pension obligations. The Plan of Adjustment puts Puerto Rico on a path to grow again the Island's economy, encouraging investment by restoring investors' confidence in Puerto Rico, which in turn will promote economic development and job creation." He continued, "We are honored to have been involved in this historic moment, and as our team continues to advise the Government in other initiatives, our goal will continue to be the betterment of the Commonwealth and its people." Kevin Lavin, CEO of Ankura About Ankura Ankura Consulting Group, LLC is an independent global expert services and advisory firm that delivers services and end-to-end solutions to help clients at critical inflection points related to change, risk, disputes, finance, performance, distress, and transformation. The Ankura team consists of more than 1,700 professionals serving 3000+ clients across 55 countries who are leaders in their respective fields and areas of expertise. Collaborative lateral thinking, hard-earned experience, expertise, and multidisciplinary capabilities drive results and Ankura is unrivaled in its ability to assist clients to Protect, Create and Recover Value.

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