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yula loko


Member since March 04, 2013

  • The Government is seeking to hear from businesses that would be interested in submitting evidence to help form a new "organisational standard" for cyber security. The Cyber Security and Resilience Team within the Department for Business, Innovation, and Skills (BIS) has asked businesses to detail initial interest in submitting views on such a standard by 8 April with a view to providing guidance to those companies about their submissions before the beginning of May. Respondents will then have until Monday 14 October 2013 to make those submissions. As part of its Cyber Security Strategy published in November 2011, the Government promised to develop industry-led cyber security standardsfor private sector companies. The Government said it was now acting on that pledge. "The government intends to select and endorse an organisational standard that best meets the requirements for effective cyber risk management," BIS said in a statement. "There are currently various relevant standards and guidance, which can be confusing for organisations, businesses and companies that want to improve their cyber security. We aim to offer clarity to the private sector, based on the standard that we select and choose to promote. We will shortly publish guidance to help organisations and groups prepare their evidence for submission," it a...

  • At the end of economic tunnel, HK shines a light

    Community, Communication Design Following the United States and France, Britain became the third major developed economy to have its sovereign credit rating downgraded by Moody's. The other credit rating agencies are expected to follow suit. Other than a blow to the nation's ego, the downgrade seems more symbolic than anything else. Despite being knocked down a notch from the top AAA rating, the US has hardly had any problem borrowing funds below real interest rates and there is no shortage of eager takers of its long-term government fixed interest securities. Nobody seriously expects Britain's borrowing cost to go up significantly after the downgrade. British Chancellor George Osborne has remained defiant, vowing to "redouble" the government resolve to deliver its austerity economic plan, which calls for, among other things, cutting the deficit by a quarter. But many British politicians, mainly those in the opposition, and economists believe that the downgrade was triggered by the government's austerity program, which is said to have further stunted growth at a time when the economic environment is clouded by what Moody's described as "the high risk of further shocks, economic, financial, or political within the (eurozone)". Osborne has said that Moody's move supported the government's tough austerity measures and was "a reality check for anyone who thinks Britain can duck confronting its debts". It seems tha...