In this file:

 

·         China Wants in on Tech Boom, Tencent & Alibaba Targeted?

Beijing regulators reportedly are seeking greater influence over some of the biggest publicly-traded Chinese internet tech companies.

… The news comes just a week before a large Communist Party meeting…

 

·         Israeli spies found Russians using Kaspersky software for hacks: media

… Israeli intelligence officials spying on Russian government hackers found they were using Kaspersky Lab antivirus software that is also used by 400 million people globally, including U.S. government agencies, according to media reports on Tuesday…

 

 

 

China Wants in on Tech Boom, Tencent & Alibaba Targeted?

Beijing regulators reportedly are seeking greater influence over some of the biggest publicly-traded Chinese internet tech companies.

 

By Dimitra DeFotis, Barron's

Oct. 11, 2017

 

Shares of China's internet technology giants were steady in after-hours trading following a Wall Street Journal report that the Chinese government is seeking greater stock ownership and influence over rapidly-growing internet and technology companies.

 

The news comes just a week before a large Communist Party meeting.

 

The government already regulates internet and media companies, but the reach of these companies is rapidly expanding. Some influence millions of users through mobile phones. According to anonymous sources who spoke to The Wall Street Journal, the government reportedly seeks greater influence over a video operation owned by Alibaba Group Holding, as well as Tencent Holdings, whose businesses include online advertising, and Weibo, which creates Chinese-language content. The story says the government already took stakes of less than 2% in mobile news platform Yidian Zixun and Beijing Tiexue Tech, which operates a "patriotic news site." The government stake reportedly entitles a government official to a board seat. China's Internet regulator referred queries to the Propaganda Department, the Communist Party’s press office, which didn’t respond to a request for comment, WSJ said. The story adds:

 

    "Wary of the increasing power of private businesses, internet regulators have discussed taking 1% stakes with social-media powers Tencent Holdings (0700.HK and TCEHY) and Weibo (WB) and with Youku Tudou, a YouTube-like video platform owned by e-commerce titan Alibaba Group Holding (BABA), according to people close to the companies. ..."

 

Tencent shares have appreciated 85% in U.S. trading just this year, and the stock's market value exceeds $427 billion. Alibaba stock is up 110% year to date and has a market value of more than $467 billion. That makes them bigger than some of the biggest state-owed enterprises in China...

 

more, including links

http://www.barrons.com/articles/china-wants-in-on-tech-boom-tencent-alibaba-targeted-1507764447

 

 

Israeli spies found Russians using Kaspersky software for hacks: media

 

Reporting by Eric Walsh; Editing by Grant McCool and Bill Trott, Reuters

Oct 11, 2017

 

WASHINGTON (Reuters) - Israeli intelligence officials spying on Russian government hackers found they were using Kaspersky Lab antivirus software that is also used by 400 million people globally, including U.S. government agencies, according to media reports on Tuesday.

 

The Israeli officials who had hacked into Kaspersky’s network over two years ago then warned their U.S. counterparts of the Russian intrusion, said the New York Times, which first reported the story. (nyti.ms/2yev8Vj)

 

That led to a decision in Washington only last month to order Kaspersky software removed from government computers.

 

The Washington Post also reported on Tuesday that the Israeli spies had also found in Kaspersky's network hacking tools that could only have come from the U.S. National Security Agency. wapo.st/2i2clXa

 

After an investigation, the NSA found that those tools were in possession of the Russian government, the Post said.

 

And late last month, the U.S. National Intelligence Council completed a classified report that it shared with NATO allies concluding that Russia’s FSB intelligence service had “probable access” to Kaspersky customer databases and source code, the Post reported.

 

That access, it concluded, could help enable cyber attacks against U.S. government, commercial and industrial control networks, the Post reported...

 

more

https://www.reuters.com/article/us-usa-security-kaspersky/israeli-spies-found-russians-using-kaspersky-software-for-hacks-media-idUSKBN1CG05P

 

 

Spying Concerns Lead Congress To Ban Kaspersky Antivirus Software

 

Lee Mathews, Forbes

Sep 13, 2017

 

20 years ago, Eugene Kaspersky founded Kaspersky Lab. You'll find the anti-malware software the company develops installed on computers all over the world. You won't, however, find it installed on U.S. government computers if the Department of Homeland Security has its way.

 

Today, the DHS issued a "binding operational directive" that called on all Federal Executive Branch departments and agencies to stop using Kaspersky products. Those department and agencies have just 30 days to locate all instances of a Kaspersky product on their systems, 30 more to come up with a plan to remove and replace that software, and 30 more to start executing that plan.

 

90 days from discovery to replacement is a very tight schedule in the world of I.T., particularly when you're talking about the normally slow-moving world of government systems. That underscores just how urgent Homeland Security believes this situation is.

 

As spelled out in the Directive, the Department's concern is that "ties between certain Kaspersky officials and Russian intelligence and other government agencies" coupled with laws that grant the country's intelligence agencies to force firms like Kaspersky to spy on communications sent to its servers in Russia...

 

more

https://www.forbes.com/sites/leemathews/2017/09/13/spying-concerns-lead-congress-to-ban-kaspersky-antivirus-software/