A general view shows the G20 Finance Ministers and Central Bank Governors Meeting in Baden-Baden, Germany, March 17, 2017. REUTERS/Kai Pfaffenbach
The world’s biggest economies will pledge to jointly fight cyber attacks on the global banking system, one of the biggest coordinated efforts yet to protect lenders since an $81 million heist of the Bangladesh central bank’s account last year.
Meeting in the German resort town of Baden-Baden, G20 finance chiefs will agree to fight attacks regardless of their origin and promise cross-border cooperation to maintain financial stability, according to a draft document seen by Reuters.
“We will promote the resilience of financial services and institutions in G20 jurisdictions against malicious use of information and communication technologies, including from countries outside the G20,” it said.
However, it dropped an earlier reference for enhanced security requirements for financial services.
Cyber crime became a top priority after an elaborate heist on the Bangladesh central bank’s account at the Federal Reserve Bank of New York last year, an unprecedented theft that exposed the vulnerabilities of the system.
The agreement, set to be finalised on Saturday, will come just days after the United States charged two intelligence agents from Russia, another G20 member, with masterminding the 2014 theft of 500 million Yahoo accounts.
The indictment was the first time U.S. authorities have criminally charged Russian spies for cyber offences including for computer fraud, economic espionage, theft of trade secrets, and wire fraud.
The charges came amid a swirl of controversies relating to alleged Kremlin-backed hacking of the 2016 U.S. presidential election and possible links between Russian figures and associates of U.S. President Donald Trump.
In the banking world, attacks through the global SWIFT bank transfer system have continued to increase with the network recording a “meaningful” number of attacks with about a fifth of them resulting in stolen funds since the Bangladesh heist, the firm said late last year.
In other highly publicized attacks, retailer Tesco Plc’s banking arm said 2.5 million pounds ($3 million) had been stolen from 9,000 customers last year while hackers also stole more than 2 billion rubles ($34 million) from correspondent accounts at the Russian central bank and from accounts in commercial banks.
The European Union is considering testing banks’ defenses against cyber attacks with concerns growing about the industry’s vulnerability to hacking. — By Balazs Koranyi | BADEN-BADEN, Germany
MANILA, Philippines – The coronavirus disease (COVID-19) pandemic has increased the demand for health workers all over the world.
In the Philippines, the national government put in place a deployment cap of 5,000 health workers for 2021 to make sure that the country will have a sufficient number in case the COVID-19 infection worsens.
But the governments of the United Kingdom and Germany appealed to the Philippines to deploy more health workers given that the country is one of the top exporters of this field and expertise.
According to the Department of Labor and Employment (DOLE), there is an ongoing negotiation on this request.
The Philippine government, however, has several conditions before approving the matter.
One is that the requesting countries, in return, should give the Philippines COVID-19 vaccines.
“Ang nire-request ni Secretary Bello ay para sa ating mga OFWs. So ito ang mga OFWs na na-repatriate na dito including yung mga OFWs din na papaalis,” explained DOLE Director for International Labor Affairs Alice Visperas.
The official said there are around 600,000 overseas Filipino workers (OFWs) who were repatriated and some of them were redeployed.
“Karamihan sa mga bansa ngayon na kumukuha ng workers. Gusto nila may vaccine na yung kukunin nilang workers. Darating din ang panahon baka hindi na sila kukuha pag hindi pa nabibigyan ng vaccine,” Visperas noted.
Another condition is the renegotiation for Labor agreement in favor of OFWs in the said countries.
DOLE said the matter is now on the ministerial level and is, so far, receiving a possible response.
But the Filipino Nurses United seemed offended with the way the government is treating the country’s nurses.
“Sa FNU na turn off kmi, disgusted na parang commodities o export products trato sa amin ng gobyerno,” the group said in a statement.
“Two separate issues iyon. Kung gustong mag-abroad ng nurses karapatan nila iyon. Huwag gamiting trade off. Kung kailangan natin ng bakuna, mag procure,” it added.
The Philippine Nurses Association, on the other hand, supports the government on the matter but as for the number, there should be a careful study first as to how many nurses will be allowed to leave.
“Kung manggagaling yan sa government and merong benefit ang Pilipinas with that I think we should welcome yung idea,” noted PNA President Melbert Reyes.
“But it should make sure sana na may maiiwan dito sa Pilipinas to take care of our people,” he concluded. –MNP (with reports from Rey Pelayo)
Joseph Robinette Biden Jr. simply known as Joe Biden took his oath of office as the 46th president of the United States of America (USA) on a sunny day on Wednesday (January 20) at the Capitol Building in a ceremony that broke tradition.
Due to the COVID-19 pandemic, Biden discouraged his supporters from attending the ceremony and opted to be with the company of thousands of National Guards to keep the peace and order following an assault on the Capitol Building on January 6.
For the first time since John Quincy in 1869, the outgoing commander-in-chief Donald Trump snubbed the ceremony as he still refused to accept his election defeat.
After Trump’s tumultuous four years, Biden implied that finally, democracy has been restored in the US.
“America has been tested anew, and America has risen to the challenge.” he said.
“We’ve learned again that democracy is precious. Democracy is fragile. And at this hour, my friends, democracy has prevailed,” he added.
Biden did not mention his predecessor but referred to the incident at the Capitol perpetrated by Trump supporters two weeks ago. Biden said he will not let any attempt “to stop the work of our democracy” to triumph.
Moving forward, the new US president called for unity among Americans in facing the challenges ahead, especially the impact of the current pandemic which he called “dark winter”.
“In the work ahead of us, we’re going to need each other. We need all our strength to persevere through this dark winter,” Biden said.
“We’re entering what may be the toughest and deadliest period of the virus. We must set aside politics and finally face this pandemic as one nation,” he added.
Biden promised to be a president for all Americans saying “every disagreement doesn’t have to be a cause for total war.”
“To all those who did not support us, let me say this: Hear me out as we move forward. Take a measure of me and my heart. If you still disagree, so be it. That’s democracy. That’s America. The right to dissent peaceably within the guardrails of our republic is perhaps our nation’s greatest strength,” he said addressing his critics.
“Yet hear me clearly, disagreement must not lead to disunion. And I pledge this to you, I will be a president for all Americans. All Americans,” he vowed, calling for a stop on the war of colors referring to the conflicts between the Democrats and the Republicans.
Towards the end of his speech, President Biden called on US citizens to be more open and keep the value of humility as a new administration begins under his command.
“We can do this if we open our souls instead of hardening our hearts. If we show a little tolerance and humility… because here’s this thing about life: There’s no accounting for what fate will deal you,” he said.
MANILA, Philippines – President Rodrigo Duterte said he is “looking forward to closely working” with Joseph Biden as he congratulated the latter for winning the United States presidential elections.
“On behalf of the Filipino nation, President Rodrigo Roa Duterte wishes to extend his warm congratulations to former Vice President Joseph “Joe” Biden on his election as the new President of the United States of America,” Presidential Spokesperson Harry Roque said in a statement.
“We look forward to working closely with the new administration of President-elect Biden anchored on mutual respect, mutual benefit, and shared commitment to democracy, freedom and the rule of law,” he added.
Roque also said that the Philippines is committed to further strengthening its ties with the US under Biden’s administration.
“The Philippines and the United States have long-standing bilateral relations and we are committed to further enhancing the relations with the United States under the Biden administration,” he said.
“Congratulations and we wish him all the best,” he added.
Democrat Biden became the 46th President of the United States after he defeated Republican Donald Trump, according to US media on Sunday.
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