Hack of Software Provider Accellion Sets Off Global Ripple Effects

The hack of software provider Accellion USA LLC has renewed security experts’ fears of attacks on suppliers and highlighted the difficulty of defending against them in real time.

A growing list of affected customers have shared timelines of the attack and claims of inadequate software patches that at times contradict the vendor’s account of events. The disclosure this week that victims include Jones Day—a law firm that handles sensitive information for clients—underscores how individuals who don’t interact with Accellion directly nonetheless might be exposed, security experts say.

These moving parts can complicate the response for all victims and start a blame game that could end up in court to determine liability, said Anthony J. Ferrante, global head of cybersecurity at
FTI Consulting
.

“The finger-pointing is just beginning,” said Mr. Ferrante,

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Health and social care to gain the most from 5G productivity and efficiency gains, which will add US$1.3trillion to global GDP by 2030

LONDON, Feb. 8, 2021 /PRNewswire/ — Productivity and efficiency gains enabled by 5G’s application will drive business, skills and service change worth US$1.3 trillion to global GDP by 2030.

In Powering Your Tomorrow, PwC quantifies for the first time, the economic impact of new and existing uses of 5G in utilities, health and social care, consumer, media, and financial services across eight economies with advanced rollout: Australia, China, Germany, India, Japan, South Korea, USA and the United Kingdom (UK).

More than a faster version of mobile connectivity on 4G, 5G’s speed, reliability, reduced energy usage and massive connectivity will be transformative for businesses and wider society, enabling ubiquitous access to super fast broadband. Used in combination with investments in artificial intelligence (AI) and the internet of things (IoT), 5G can be used as a platform to enable business and society to realise the full benefits of emerging technology advances.

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