A state-owned bank in China had required the tech company to download software called Intelligent Tax to facilitate the filing of local taxes. The tax software worked as advertised, but it also installed a hidden back door that could give hackers remote command and control of the company’s network, according to a report published Thursday by the SpiderLabs team at Chicago-based Trustwave Holdings Inc. (The cybersecurity firm declined to identify the bank)

UK financial compensation body has insurers in its sights

Jun 27, 2020

Some insurers have balked at paying out on business interruption claims, and the Financial Conduct Authority (FCA) is asking the courts to clarify the wording in policies, which could lead to more claims being valid.

Covid-19 Pandemic: $30 bn needed to develop tests, treatments, vaccines,says WHO

Jun 27, 2020

Renewing its call on Friday for global collaboration against the pandemic, it said $3.4 billion had been contributed for the coalition to date, leaving a funding gap of $27.9 billion. Of that, $13.7 billion was “urgently needed”.

The WHO is working with a large coalition of drug-development, funding and distribution organisations under what it calls the ACT-Accelerator Hub.

The initiative is intended to develop and deliver 500 million Covid-19 tests and 245 million courses of new treatment for the disease to low- and middle-income countries by mid-2021, it said in a statement.

UK pharma firm AstraZeneca most advanced In COVID-19 vaccine race: WHO

Jun 27, 2020

The British drugmaker has already begun large-scale, mid-stage human trials of the vaccine, which was developed by researchers at University of Oxford.
WHO chief scientist Soumya Swaminathan said Moderna’s Covid-19 vaccine candidate was “not far behind” AstraZeneca’s, among more than 200 candidates, 15 of which have entered clinical trials.

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