Cisco faces fallout from a massive data leak exposing critical files, while China accuses the U.S. of cyber espionage amid rising tech tensions. AI governance sparks debate as Europe enforces strict rules, and ASIC sues HSBC for $23M scam failures. Global cyber affairs take center stage this week.
ASIC is suing HSBC Australia over $23M in scam losses, alleging systemic failures in fraud detection and delays in resolving complaints. Meanwhile, Singapore's proposed anti-scam law aims to freeze accounts of scam victims to prevent further losses, sparking debate on privacy and autonomy.
Broadcom joins Nvidia in the $1 trillion club, reshaping the AI chip race with a 51% revenue surge in Q4 2024 and VMware's $69B acquisition. As China invests $25B to boost semiconductor self-reliance, U.S.-China tensions escalate, redefining global innovation and geopolitical power dynamics.
Google Spearheads Asia-Pacific Cyberdefense with A Tokyo Hub Amid Rising Threats
Google's new Tokyo cyberdefense hub aims to boost cybersecurity in Asia-Pacific, addressing rising threats from China. The hub fosters collaboration between governments, tech firms, and academia to strengthen regional digital defenses.
Google's Tokyo Initiative Unites Governments and Tech Against Global Threats
Google has launched its first Asia-Pacific cyberdefense hub in Tokyo, a significant step to enhance cyberdefense measures in response to the growing cyber threats, particularly from China.
Situated in Google's Roppongi office, this hub aims to be a nexus for research, information exchange, and the development of cyberdefense expertise, fostering cooperation among government bodies, the private sector, and academic institutions in Japan and the wider region.
This initiative builds on Google's previous endeavours to promote cybersecurity awareness and practices.
For instance, as part of its ongoing efforts, Google, through Saikat Mitra's announcement, has been actively involved in various cybersecurity programs across Singapore, such as supporting Project PRAISE.
Furthermore, in India, Google launched the DigiKavach program, focusing on combating online financial fraud by analysing scammer tactics and fostering partnerships with industry specialists, including the Fintech Association for Consumer Empowerment.
This development is set against a broader narrative of heightened vigilance among Western allied nations in the Pacific, confronting an uptick in geo politically motivated cyberattacks.
The establishment of the Tokyo cyberdefense hub underscores an accelerating trend among the Five Eyes alliance countries to forge cross-collaborative infrastructure investments.
Major hyperscale corporations such as Google and Microsoft are at the forefront of this movement, leading the charge in data centre development and the advancement of security practices.
This collective endeavour is driven by a shared vision to augment the security posture of nations throughout the Asian region and the Pacific, as well as the broader Global South, which anticipates significant improvements in threat management.
According to Junichiro Uchiyama, the interim lead of the new centre, the hub's mission extends beyond local defence, aiming to "enhance Japan's cybersecurity infrastructure" through the adoption of cutting-edge technologies and the fostering of international partnerships.
This effort is critical as Washington highlights China's position as a formidable cyber espionage threat, stressing the need for a unified response to counteract sophisticated hacking entities like Lockbit, known for their involvement in significant cyber incidents such as the DP World attack.
FBI Director Christopher Wray and Professor Ciaran Martin, former head of the UK's National Cyber Security Centre, have both emphasised the scale of the challenge posed by state-sponsored and criminal hacking operations.
Their insights call for a concerted global strategy to counter these threats, highlighting the resilience of cybercriminal networks and the importance of dismantling them through international cooperation.
As part of its commitment to this global initiative, Google plans to invite engineers from across the region, including India, Australia, South Korea, Japan, and Southeast Asian nations, to participate in research aimed at combating cyberattacks.
This collaborative approach, where Google has pledged not to seek compensation, reflects a significant investment in the collective security and resilience of the digital ecosystem.
Heather Adkins is a founding member of the Google Security Team and cybersecurity expert focused on breach recovery,Heather Adkins, a seasoned cyberdefense vice president at Google, emphasises the readiness of Japan's research community to contribute to these joint efforts, underlining the strategic importance of the Tokyo hub as a beacon of regional and global cyberdefense collaboration.
These efforts underscore Google's commitment to enhancing cyber resilience not just in Japan but across the Asia-Pacific region, contributing to a safer digital environment for all stakeholders.
ASIC is suing HSBC Australia over $23M in scam losses, alleging systemic failures in fraud detection and delays in resolving complaints. Meanwhile, Singapore's proposed anti-scam law aims to freeze accounts of scam victims to prevent further losses, sparking debate on privacy and autonomy.
The week saw cyber threats shadow Black Friday’s $70B sales, AI reshaping banking, and Meta’s nuclear energy ambitions. ByteDance and Nvidia clashed in the U.S.-China tech war, while Australia pushed Big Tech to fund journalism. A turbulent digital landscape sets the stage for 2025.
This month, the spotlight is on the critical nexus of cybersecurity and geopolitics. From the mysterious sabotage of subsea internet cables threatening global connectivity to South Korea’s pivotal role in countering cyber threats in the Indo-Pacific, power and strategy dominate the digital age.
As Black Friday scams surge, Australians face rising threats with $500K lost to fake sites. Meanwhile, Salt Typhoon targets telecom giants in a global espionage campaign. RomCom exploits zero-day vulnerabilities on Firefox and Windows, while Trump eyes an 'AI czar' to reshape US tech policy.