Crypto exchange Gemini mistakenly issued a price alert on Wednesday claiming Bitcoin had surpassed $110,000. The exchange later apologised, explaining that the notification was caused by a technical error. In reality, Bitcoin had reached an all-time high of $93,000, fuelled by optimism surrounding Donald Trump’s election victory.
Gemini faced backlash from users confused by the false alert, with some speculating that it may have been triggered prematurely by an employee or a misconfigured system. The exchange reassured users that such mistakes are rare and promised to prevent similar incidents in future.
Errors like these are not uncommon in the crypto industry. Exchanges, including Binance and Coinbase, have previously reported incorrect price displays due to glitches or faulty data. While these mistakes are usually resolved quickly, they can still cause significant disruption for traders relying on real-time information.
Kuwait KEMS-Zajil Telecom and Emirates MBCOM Technologies have partnered to strengthen digital infrastructure and cybersecurity across the Middle East, aiming to help businesses remain secure and agile in a connected, fast-evolving world. This partnership formalised through a Memorandum of Understanding (MoU) on 16 October 2024, focuses on providing enterprise solutions in critical areas like network optimisation, cloud services, and cybersecurity.
By merging their expertise, the companies intend to deliver advanced solutions that optimise network performance and bolster defences against cyber threats, essential capabilities for supporting business growth and resilience. Moreover, both companies see this partnership as a strategic move to drive digital transformation in the region, effectively meeting the rising demand for secure, efficient, and scalable digital services.
Furthermore, KEMS-Zajil Telecom emphasised that collaborating with MBCOM Technologies allows them to expand their digital services portfolio with cutting-edge solutions that enhance growth and security. Similarly, MBCOM Technologies highlighted how this partnership positions both companies to bring innovative technology to regional businesses. Ultimately, with its dual focus on advanced infrastructure and robust security, this collaboration reflects a shared vision to empower Middle Eastern enterprises through comprehensive digital solutions that drive long-term growth and resilience.
The Philippines Department of Transportation and UltraPass ID have partnered to pilot a biometric passenger processing system at selected airports following a memorandum of understanding (MOU) signing. The pilot test is scheduled to begin in early 2025 at Iloilo International Airport, with additional testing planned for Tacloban, Laoag, and Bicol International Airport later in the year.
The system, which embeds biometric data in passports, is designed to streamline airport operations by swiftly enabling passengers to pass through check-in, security, and boarding gates, enhancing both convenience and security. The implementation will occur in two phases – Phase 1 will involve Filipino passengers using the national ID, while Phase 2 will cater to foreign passengers with e-passports travelling domestically. Additionally, the system will integrate with the Philippine national ID system, which aims to reduce processing times and provide a touchless, more efficient airport experience.
Furthermore, this initiative is part of the US Smart Cities Trade Mission, which features 12 US companies from various sectors such as cybersecurity, AI, and tourism. These companies are already contributing to the growth of key Philippine industries, including the digital economy, semiconductors, and tourism.
Through this partnership, the Philippines aims to improve its airport operations and strengthen trade and investment opportunities. In doing so, the involvement of US companies sets high standards for labour practices, environmental responsibility, and corporate social engagement.
Hackers with alleged links to China have stolen sensitive data from US telecommunications firms, targeting information intended for law enforcement agencies. US officials announced the breach on Wednesday, revealing that multiple telecom networks had been compromised. The hackers reportedly accessed call records and communications of individuals in government and political roles, according to a joint statement from the FBI and the Cybersecurity and Infrastructure Security Agency (CISA).
Among the data stolen was information connected to court-ordered surveillance requests made by US law enforcement. The agencies provided limited details about the breach and have yet to disclose the number of companies affected. CISA and the FBI declined to comment further, with additional insights expected as investigations continue.
The incident aligns with earlier reports in the Wall Street Journal, which suggested that Chinese hackers may have infiltrated systems intended for law enforcement to monitor communications. Such claims have led to growing concerns about the security of US telecom infrastructure, particularly given reports of targeted attacks on the phones of high-profile political figures.
The Department of Homeland Security’s Cyber Safety Review Board will investigate the breach, part of an effort to evaluate significant digital security threats. China’s embassy in Washington declined to comment on the latest hacking allegations, which it has previously dismissed as unfounded.
NatWest Group has prohibited the use of messaging apps like WhatsApp, Facebook Messenger, and Skype on company devices in the UK. The decision aims to prevent employees from using unapproved platforms to discuss business matters, enhancing oversight and compliance. These platforms, known for disappearing messages, raise concerns over accountability and record-keeping.
The bank’s updated policy comes as regulatory scrutiny over ‘off-channel’ communications intensifies. UK and US regulators have fined banks billions in recent years for failing to retain such communications. NatWest emphasised that all work-related discussions should occur on approved, retrievable channels to ensure transparency.
The Financial Conduct Authority is reportedly considering a broader investigation into the use of private messaging in UK banks. Beyond banking, similar issues have arisen in government, including the loss of key WhatsApp messages during the UK Covid-19 pandemic, raising questions about accountability in public affairs.
VVDN Technologies has partnered with SecureThings.ai to enhance cybersecurity across various industry sectors, primarily focusing on the connected vehicle ecosystem. Through this collaboration, SecureThings.ai’s advanced cybersecurity solutions will be integrated into VVDN’s automotive products and services, including vehicle connectivity, in-vehicle infotainment systems, instrument clusters, advanced driver assistance systems (ADAS), and software-defined vehicle (SDV) solutions.
As a result, this partnership ensures that VVDN meets global cybersecurity standards, such as ISO 21434, while providing robust security for connected vehicles and IoT ecosystems. Specifically, key initiatives include intrusion detection and protection systems, real-time threat intelligence services, the establishment of a security research lab, and the provision of a red team as a service for independent cybersecurity assessments.
These efforts will help VVDN fortify connected devices, comply with evolving regulations like R 155/156 and AIS 189/190 in India, and offer comprehensive protection against cyber threats. Moreover, this partnership strengthens both companies’ positions in the cybersecurity market, with VVDN emphasising its commitment to delivering secure, reliable solutions globally.
Furthermore, SecureThings.ai’s expertise in cutting-edge security research and technologies will empower OEMs and tier-1 suppliers to combat emerging threats and adhere to stringent regulatory standards. The collaboration also leverages VVDN’s product engineering capabilities, thus driving innovation and setting new standards for cybersecurity in the automotive and IoT industries.
Australian electronics manufacturer GME, Hanwha Defence Australia (HDA), and South Korean Hanwha Systems have entered a strategic partnership to develop advanced defence communications systems. The collaboration, formalised through a Memorandum of Understanding (MoU) signed at the MilCIS Conference in Canberra, focuses on exploring manufacturing and technology transfer opportunities for the Australian Defence market.
GME, known for its expertise in RF communication technology, will contribute its capabilities in radios, beacons, and antennae and is the only Australian manufacturer of UHF CB radios and emergency beacon products. HDA and Hanwha Systems bring extensive experience in land platforms, C4I hardware and software, electronic optics, radars, and avionics electronics alongside advanced solutions such as tactical 5G and LEO Satcom. Together, they aim to enhance secure, interoperable, and resilient communications for military operations, ensuring seamless all-domain operations across defence sectors.
The partnership strengthens the sovereign defence capabilities of Australia and positions the companies to explore growth opportunities in the global defence market. By combining local manufacturing expertise with cutting-edge global technologies, the collaboration seeks to empower the Australian industry with innovative solutions. This long-term vision focuses on fostering ongoing innovation, expanding Australian defence capabilities, exploring new global defence market opportunities, and advancing national and international defence objectives.
The incoming European Commissioner for Tech Sovereignty, Security, and Democracy, Henna Virkkunen, expressed dissatisfaction with the limited action taken by EU member states to exclude high-risk telecom suppliers, such as China’s Huawei and ZTE, from critical infrastructure. During her confirmation hearing in the European Parliament, Virkkunen noted that although the European Commission adopted 5G security measures in 2020, fewer than half of the EU member states have implemented restrictions on these suppliers. She indicated that this issue will be addressed in the planned revision of the Cyber Security Act next year and stressed the need for more serious action from national governments.
Virkkunen also pointed out that while the EU had adopted the 5G Cybersecurity Toolbox to protect telecom networks, only 11 of the 27 member states have fully implemented measures, including bans and restrictions on high-risk vendors. In addition to her efforts to strengthen cybersecurity, Virkkunen plans to propose a Digital Networks Act in 2025 to overhaul telecom regulations and boost investment and connectivity. On the topic of US Big Tech compliance with EU rules, she reaffirmed the importance of cooperation but emphasised that all companies must adhere to EU regulations, including those set out in the Digital Services Act.
The UK government is considering fines of up to £10,000 for social media executives who fail to remove illegal knife advertisements from their platforms. This proposal is part of Labour’s effort to halve knife crime in the next decade by addressing the ‘unacceptable use’ of online spaces to market illegal weapons and promote violence.
Under the plans, police would have the power to issue warnings to online companies and require the removal of specific content, with further penalties imposed on senior officials if action is not taken swiftly.The government also aims to tighten laws around the sale of ninja swords, following the tragic case of 16-year-old Ronan Kanda, who was killed with a weapon bought online.
Home Secretary Yvette Cooper stated that these new sanctions are part of a broader mission to reduce knife crime, which has devastated many communities. The proposals, backed by a coalition including actor Idris Elba, aim to ensure that online marketplaces take greater responsibility in preventing the sale of dangerous weapons.
Germany is strengthening its cyber defences as elections approach, with Interior Minister Nancy Faeser highlighting the need for robust protections against cyber-attacks and disinformation. Faeser warned of potential threats from Russia and other foreign actors, stressing that democracy must also be safeguarded in the digital realm.
The annual report from the Federal Office for Information Security pointed to Germany’s vulnerability to hybrid threats, which include hacking, manipulation, and disinformation. Faeser confirmed plans to bolster cybersecurity, aiming to counteract any attempts at digital interference that could destabilise the election process.
Germany’s snap elections are set for early next year, following the collapse of Chancellor Olaf Scholz’s coalition government amid economic concerns and rising populism. While recent elections saw no major cybersecurity incidents, authorities continue to monitor for risks.
With the political landscape in flux, security agencies remain vigilant. Enhanced measures are in place to detect and address cyber threats as the nation prepares for a potentially turbulent electoral period.
