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A Finextra member
A Finextra member 25 May, 2012, 09:01Be the first to give this comment the thumbs up 0 likes

Nice info.

Continental footballers seems to relish the play-acting to 'win' penalties and red cards from the opposition - its endemic, and I think the Chinese culture-of-copy is the same.  Add to that the regime there, always manoevering to keep control and fiercely competitive with the West and they will use all means possible to get information (remember, China does not have the powerhouse of education and thinktanks and R&D that the West has, but they have smart people that want acess to it).  Its always been this way between people, its just that here we suspect  coordination by the government, which in China claims to be the people.  In short - it wont stop, ever, whoever is doing it.

Who knows what backdoor code and trojans exist in Chinese and many other software products.  Laying there latent until triggered by time or event.  Never detected during testing.  Buried in the compiled core and not open to inspection.   But when cost comes first, procurement don't seem to value the element of trustability.

Siddharth Udani
Siddharth Udani - Consulting - London 25 May, 2012, 11:07Be the first to give this comment the thumbs up 0 likes

Interesting perspective. People Power is an advantage as well as an disadvantage for BRIC mainly China. Its not just the production but also consumption, for instance, we read Apple's ipad consumption fears in china at the same time as exploiting labor in china.

I am personally quite surprised & impressed at how a huge nation like China has come together internally and has become a mega factory especially with language barriers to meet the ever growing demands of the west.

NCCGroup's data says.. Russia has over 12% of global hacks originating there, compared to just 3.5% in the previous findings. This huge leap has cemented its position in 3rd, behind the United States and China. There was also a significant rise in hacks from the Netherlands, up from 3.1% to over 11%, moving it into 4th place in the hacking chart. And UK is on 7th position. 

Uri Rivner

Uri Rivner

Chief Cyber Officer


Member since

14 Apr 2008


Tel Aviv

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This post is from a series of posts in the group:

Innovation in Financial Services

A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.

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