EU Seeks Authority to Cut Off Banks’ Tech Suppliers if Found Wanting on Cybersecurity

Banks and other financial institutions could be forced to cut ties with cloud providers and other technology suppliers under a draft European Union regulation that aims to limit cybersecurity risks to the sector.

National regulators in EU countries could require banks to stop using external technology services if their providers fail to fix cybersecurity problems identified in government inspections. The bill goes beyond existing European legislation mandating cybersecurity rules for the finance sector by requiring technology suppliers to also undergo regulatory scrutiny.

Under the proposed rules, authorities can recommend cybersecurity changes to technology providers, which must respond within 30 days on whether they plan to follow the recommendations. Regulators would then monitor whether financial firms have taken those risks into consideration, and can require them to suspend or stop using a company’s services.

“It could be a massive, massive headache,” said Richard Parlour, chief executive of law firm Financial Markets

Read More

India’s drug authority approved paper-strip Covid-19 test that could return results within hour

India’s drug authority last month approved a paper-strip test for Covid-19 that shows results in less than an hour, the head of the government institute that invented the test told CNN on Monday.



a person in a blue dress: A resident is tested for coronavirus in Mumbai.


© PUNIT PARANJPE/AFP/AFP via Getty Images
A resident is tested for coronavirus in Mumbai.

The test, called FELUDA—an acronym for FNCAS9 Editor-Limited Uniform Detection Assay—was named after a popular Indian fictional detective. It intends to “address the urgent need for accurate mass testing,” according to a statement from TATA Sons, which manufactured the test.

The kit could be manufactured for self-testing in the future, according to Agarwal, but the prototype being developed currently is only intended for testing in labs.

The FELUDA test follows a similar rapid test kit developed in the US this spring. Both tests use a gene-editing technology called CRISPR to detect the virus in a patient’s RNA. The US Food and Drug

Read More

Trump likely overstepped legal authority with TikTok download ban

President Trump potentially breached legal authority by issuing an emergency order to remove TikTok from U.S. app stores, according to a federal judge that granted an injunction against the directive on Sunday.

U.S. District Court Judge Carl Nichols of the District of Columbia in an opinion released on Monday said Trump “likely exceeded the lawful bounds” of the International Emergency Economic Powers Act, reports Variety. A day earlier, Nichols granted an injunction to halt the impending ban.

The IEEPA allows the president to deem an entity “an unusual and extraordinary threat, which has its source in whole or substantial part outside the United States, to the national security, foreign policy, or economy of the United States.” Designed solely for emergency action, the act provides authority to freeze assets and circumvent transactions related to the threatening agency.

As Nichols notes, however, there are two exceptions to the

Read More

UAE- Arab Academy for Science, Technology and Maritime Transport discusses collaboration with Federal Transport Authority

(MENAFN – Emirates News Agency (WAM)) SHARJAH, 24th September, 2020 (WAM) — The Arab Academy for Science, Technology and Maritime Transport in Sharjah, AASTS, has commenced talks for a collaboration with The Federal Transport Authority – Land & Maritime, FTA.

The meeting was attended by Dr. Ismail Abdel Ghaffar Ismail Farag, President of the AASTMT, and Eng. Hessa Al Malek, Executive Director of Maritime Transport at FTA.

Dr. Ahmed Youssef, Associate Dean of Maritime Transport and Technology College, AASTS; Dr. Aysha Al Busmait, IMO Goodwill Ambassador and Corporate Communications Director at FTA, and Captain Abdullah Al Hayas, Director of Maritime Affairs Department, FTA, were also present.

The two sides discussed cooperation in various areas including education and training; conducting specialised research to develop the shipping, ports and logistics services, and developing training in maritime electronic capabilities and cybersecurity for shipping and maritime operations and ports. They also discussed cooperation in

Read More

Arab Academy for Science, Technology and Maritime Transport in Sharjah initiates a collaboration with Federal Transport Authority – Land & Maritime

Dubai, UAE: The Arab Academy for Science, Technology and Maritime Transport in Sharjah (AASTS) has successfully commenced talks for a collaboration with The Federal Transport Authority – Land & Maritime (FTA). This will include utilising AASTS’ capabilities and the expertise of its staff to develop the UAE’s maritime sector. The move supports AASTS’ vision to strengthen the Arab maritime sector by training national cadres and providing research and development services. It also supports AASTS’ strategy to strengthen the UAE’s position as a leading maritime hub globally.

The meeting was attended by H.E.Dr. Ismail Abdel Ghaffar Ismail Farag, President of the Arab Academy for Science, Technology and Maritime Transport (AASTMT) and H.E. Eng. Hessa Al Malek, Executive Director of Maritime Transport at FTA. Dr. Ahmed Youssef, Associate Dean of Maritime Transport and Technology College, AASTS; Dr. Aysha Al Busmait, IMO Goodwill Ambassador and Corporate Communications Director at

Read More