Half-time: Hull 1 Fulham 0

first_imgFulham trailed at the break at the KC Stadium and had to substitute both goalkeeper Marcus Bettinelli and striker Matt Smith just before half-time.Ahmed Elmohamady broke the deadlock on 34 minutes when he nodded in from Andy Robertson’s cross to give Hull the lead.The Egyptian then headed just wide from another Robertson delivery as Hull upped the tempo, and shortly afterwards Bettinelli and Smith collided as they both tried to reach a loose ball.The two team-mates had to be taken off, replaced by Andy Lonergan and Moussa Dembele.Smith had had Fulham’s only shot on goal in the first period, a low effort from distance in the 38th minute which was comfortably fielded by City keeper Allan McGregor.Kit Symons selected an unchanged team from the one which lost 2-1 to Brighton at the weekend, while former Brentford full-back Moses Odubajo was named in the Hull side.Hull City: McGregor; Odubajo, Dawson, Davies, Robertson; Elmohamady, Meyler, Huddlestone, Aluko; Akpom, Hernandez. Subs: Jakupovic, Taylor, Clucas, Maguire, Jelavic, Hayden, Luer.Fulham: Bettinelli; Richards, Hutchinson, Bodurov, Voser; Cairney, Christensen, O’Hara, Pringle; McCormack, Smith. Subs: Lonergan, Burn, Kavanagh, Tunnicliffe, Kacaniklic, Woodrow, Dembele.Follow West London Sport on TwitterFind us on Facebooklast_img read more

Standard Bank rated best in Africa

first_img5 December 2011South Africa’s Standard Bank Group has been named 2011 Bank of the Year in Africa and Best Bank in four African countries by The Banker, a leading journal of the global banking industry.In addition to Bank of the Year in Africa, The Banker named Standard Bank as Bank of the Year in Botswana, Lesotho, Malawi and Zimbabwe.The Banker recognised Standard Bank Group for its ability to gain strategic advantage, adapt to variable market conditions, secure important deals and succeed in an increasingly competitive landscape.“Standard Bank has a deep and long-standing commitment to developing business in Africa,” Standard Bank Group deputy CEO Ben Kruger said in a statement last week. “We are delighted with this recognition of our ability to connect Africa and the world.”Kruger believes the awards reflect the group’s continued growth across the continent and its substantial investment in the development of local presence and infrastructure.“When we say that Africa is at our core, we have tangible evidence of this in the way Standard Bank has extended and deepened its presence in key African markets,” said Kruger.Taking advantage of growth opportunitiesKruger pointed to major milestones recently passed by the Standard Bank Group: in October 2011, the bank celebrated the opening of its 500th branch in Africa (outside of South Africa) in the Nigerian town of Ajao Estate.In addition, Standard Bank has reached 2.5-million signed-up customers and 3-million active accounts from its operations in 17 countries around the continent excluding South Africa.“We are delighted to receive this recognition as Bank of the Year in Africa particularly because our operations on the continent are so important in maintaining the competitive advantage we are building,” Kruger said.“For those serious about taking advantage of the growth opportunities in Africa, there can be no substitute for on-the-ground presence in the key markets.“This experience has provided lessons that continue to help us understand how best to continue growing in Africa.”SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

Is more IoT driving more cyber attacks?

first_imgTags:#cyber attack#cyber security#hacking#malware#ransomware#security#WannaCry#x-code ghost How Data Analytics Can Save Lives Follow the Puck AI: How it’s Impacting Surveillance Data Storage Related Posts center_img Fei Zhao The WannaCry ransomware attack from this May made the whole world think about cyber security issues once again. Another unique point for WannaCry versus previous cyber attacks is IoT also got involved with the crisis as well. We learned from the news reports that this worm virus was different from usual. It had not only tried to encrypt computer data, but it had also attacked connected devices such as medical and teaching equipment in hospitals and schools. This is also why this May’s cyber attack has influenced so many industries.IoT has minimized the barrier between the Internet and devices. Once one of these two is attacked, the other one would also be involved inevitably. As for the IoT security, cameras on our smart devices and smart homes are the most associated aspect of every one of us and may have influence on our everyday life.Thanks to the IoT technology, we can remote control those connected cameras. Even if we are not home, we still can access these devices and check our properties. However, just because we are using those connected cameras and devices, if we do not do a good job in terms of security, such as utilizing weak passwords, or even no pin, criminals could easily access and control our devices by large scale scanning. According to Gao Sheng, senior software engineer from China’s national Internet Emergency Center, passcodes like “user”, ”admin”, and pure numbers have been widely used, and are the easiest ones to decrypt and hack.See Also: How tweaks to IoT’s supply chain can close security gapsWorldwide ThreatsAs the concept of a connected world is becoming more and more popular, different types of smart home appliances have become first choice for millions of families. And because of this, the cyber attacks on IoT are changing to multiple modes. Outlaws can access all connected appliances by only hacking one router. According to Helpnetsecurity, U.S. (28%) and China (7%) are the two countries that experience the most cyber attacks. In 2015, the X-code Ghost incident had deeply influenced China’s iOS development environment.  It still reigns as the most famous cyber security accident regarding the Internet and IoT in China.Lots of Chinese developers used an unofficial iOS development kit that had been modified by malware, later dubbed X-code Ghost. The malware injected third party code into apps compiled with it. Since this attack happen on the developer side at compile time, even jail broken devices were affected. The X-code Ghost incident influenced lots of popular apps that have billions of users, such as WeChat, Didi, and so on. Both of these popular apps affect every facet of Chinese user’s normal life because of IoT.IoT security attacks caused because of the Internet will not only impact normal people’s life, but also produce more serious problems to large-scale enterprises. Based on the report titled Toward New Possibilities in Threat Management from Price Waterhouse Coopers in 2017, the number of cyber attacks in the East Asia region has rapidly increased by 969%, and security incidents of industrial IoT have increased over 22x. Due to most enterprises using semi-automatic production models, and the popularity of smart connected systems, countless IoT devices have been utilized into the production process. But, many parts of these devices are still keeping the factory passwords, which are weak pins like “user” and “admin”.They Get You Coming in and Going OutFor general users like us, right now, there are two kinds of cyber attacks: inbound and outbound. Inbound cyber attacks target our smart devices like phones, tablets, or cameras directly. DNS Amplification Attacks are common outbound attacks, with over 80% of family level cyber attacks resulting from router issues. To this point, Helpnetsecurity suggested three tips to actively avoid attacks. First, we need to periodically change the passcode of our smart devices and family Internet. Second, do not connect to unknown Wi-Fi and Bluetooth devices. Last but not least, upgrade device software in a timely fashion.Nowadays, both iOS and Android will send out an upgraded version regularly, even every app on our phone will release upgrades frequently. Some users think these upgrades are annoying and choose to shut down this function, but most of the upgrades are related to security issues. As normal users, timely upgrading of our devices and apps is our best way to increase our cyber safety. Why IoT Apps are Eating Device Interfaceslast_img read more

The lowdown on farm loan waivers

first_imgWhat is it?Farm loan waivers are not new to the Indian economy. In 2008-09, the UPA-I government announced a farm loan waiver of ₹60,000 crore (that was the initial estimate, which went up to over ₹70,000 crore later). It hit the exchequer, and not the banks, but it distorted the credit culture since it discouraged farmers from paying up their dues. In addition, when one State offered a waiver, it raised expectations in other States too. Since the BJP took office in May 2014, starting with Andhra Pradesh, several States have joined the farm loan waiver bandwagon, with Uttar Pradesh and Maharashtra being the most recent ones, despite Union Finance Minister Arun Jaitley’s stand that the States would have to foot the bill.Mr. Jaitley had shown resolve to maintain fiscal discipline during his budget speech earlier this year, which was lauded by industry and investors. Hence, he told the States that the Centre would not pay for the waiver. On the other hand, the Reserve Bank of India (RBI) warned about the deteriorating fiscal position of the States. “We need to create consensus so that such loan waiver promises are eschewed. Otherwise, sub-sovereign fiscal challenges in this context could eventually affect the national balance sheet,” RBI Governor Urjit Patel said. He pointed out that if on account of loan waivers, the overall government borrowing went up, yields on government bonds would also be impacted. In a cascading effect, this would crowd out private borrowers as higher government borrowing could lead to an increase in the cost of borrowing for others.How did it come about?Two successive years of below normal rainfall, in FY14 and FY15, are being seen as the main reason for the loan waiver demand. But the recent farmers’ unrest in Madhya Pradesh took place despite a good monsoon that resulted in a bumper crop. However, the prices of farm produce came under pressure because of demonetisation as there were ‘fire sales’ of vegetables — a fact which was acknowledged by the RBI. The sharp decline in food prices in the consumer price index-based inflation was evident. Retail inflation dropped to 2.18% in May as the decline in the prices of food and beverages was sharper in May than April (-0.22% in May against 1.21% in April).Why does it matter?The loan waiver will have a significant impact on the States’ finances. According to a report by the State Bank of India, the impact on Punjab will be the maximum, with the State’s fiscal deficit jumping by an additional 4.8% of the GSDP. The report says that the States will make provisions for farm loan waiver in their budgets in multiple years. In its recent report on the States’ finances, the RBI also pointed to the worsening position of their financial health. It noted that the consolidated finance of the States had deteriorated in recent years, with the gross fiscal deficit to GDP ratio averaging 2.5% in the last five years (from 2011-12 to 2015-16), compared with 2.1% during the previous five-year period.The RBI observed that the State governments faced severe resource constraints as their non-debt receipts were often insufficient for fulfilling their development obligations. There is one positive aspect of the current loan waiver schemes, as highlighted by some economists: the schemes announced in several States have emphasised that loans should be waived only up to a specified threshold limit (mostly ₹1 lakh), and any amount over that will have to be paid.What next?More such schemes will possibly follow as the States going to the polls have started upping the ante for a farm loan waiver. There are protests in several parts of Gujarat demanding a waiver. The State will go to the polls later this year.Bankers have been concerned about this. As SBI Chairman Arundhati Bhattacharya put it: “In case of a farm loan waiver, there is always a fall in credit discipline because the people who get the waiver have expectations of future waivers. Future loans given often remain unpaid.”last_img read more