Smart cities the world over ripe for hacking, expert says

So-called smart cities, with wireless sensors controlling everything from traffic lights to water management, may be vulnerable to cyberattacks, according to a computer security expert.

Last year, Cesar Cerrudo, an Argentine security researcher and chief technology officer at IOActive Labs, demonstrated how 200,000 traffic control sensors installed in major hubs like Washington, New York, Melbourne and Lyon were vulnerable to attack. Mr. Cerrudo showed how information coming from these sensors could be intercepted from 1500 feet away — or even by drone — because one company had failed to encrypt its traffic.

Just last Saturday, Mr. Cerrudo tested the same traffic sensors in San Francisco and found that, one year later, they were still not encrypted. Continue reading

Australia for sale: Investment bankers cashing in on Tony Abbott’s infrastructure push

You don’t necessarily sell your farm to finance building a road that won’t produce revenue leading back to the very same farm that is now not yours unless times are extremely hard. This compromise of Australian national security is likely a good buying opportunity for the Chinese who would love to purchase more influence in Oceana. The implications of this will span generations — all for a short-term gain.

 

Australian Prime Minister Tony Abbott is turning out to be an investment banker’s best friend.

His center-right government is in the midst of an unprecedented push to build public infrastructure — and to finance the program, regional authorities are busy selling off state assets, creating a boon for bankers just as Australian corporate mergers and acquisitions slow. Banks including Macquarie Group Ltd., Morgan Stanley and UBS AG have been hired to sell everything from ports to electricity grids, data compiled by Bloomberg show.

Advisory fees from the biggest asset sales may reach about $100 million, almost triple the total haul for government-related work last year, estimates Jeffrey Nassof, an analyst at New York-based Freeman & Co. Continue reading

Australia—Germany’s Strategic Pacific Partner

Germany strengthens its ties with Australia as its springboard for projection of power in the Pacific.

Students of Bible prophecy are aware that in the latter days a northern power is set to spread its imperial reign “south and east” and ultimately into Jerusalem (Daniel 8:9).

In 1995 Australia and Germany signed the Australia-Germany Partnership 2000 Action Plan. This agreement, vigorously supported by Australia’s prime minister at the time, Paul Keating, and the then German Chancellor Helmut Kohl, mapped out Germany’s future in Australia. Continue reading