ZTE Corp, China's second-largest telecommunications equipment maker, said it will "curtail" its business in Iran following a report that it had sold Iran's largest telecom firm a powerful surveillance system capable of monitoring telephone and Internet communications.
Reuters reported Thursday that ZTE (Shenzhen, P.R.C.) had signed a $130.6 million contract with the Telecommunication Co of Iran in December 2010 that included the surveillance system.
According to a recent report by Pike Research, utility operators are now in open discussions about protection products for smart grid security, and these conversations will lead to significant growth in the sector over the next several years. Cumulative smart grid cyber security investment from 2011 to 2018 will total $14 billion, the cleantech market intelligence firm forecasts.
On Tuesday at CeBIT in Hannover, Germany, the M2M Zone listened as executives spoke about security in the machine-to-machine (M2M) industry. All the panelists on the roundtable seemed to agree that too much emphasis and concern is being placed on the privacy of M2M applications.
“We are far too concerned about some of these things,” says Larsh Johnson, founder and CTO of eMeter Corporation (San Mateo, Calif., USA). “Everything smart means everything private.”
GridComms announced its debut global Smart Grid conference that will focus on opportunities for collaboration and innovation between the telecommunications and utilities industries with the common goal of building and securing Smart Grid networks. GridComms will bring together global leaders from the telecom and utility industries to discuss the future of smarter energy distribution and communications networks and the importance of building and securing networks for the advancement of Smart Grid.
On Wednesday, Numerex Corp, a provider of machine-to-machine (M2M) products and services, announced the launch of Numerex FAST 3.0, Numerex's cloud-based M2M platform, which now enables expanded service features and capabilities. FAST 3.0 now includes three service delivery options which can be accessed independently or as a fully integrated solution: Network as a Service (NaaS); Platform as a Service (PaaS); and Software as a Service (SaaS).
Attempting to use a credit card when traveling abroad usually results in a declined transaction, especially when forgetting to inform the bank of your travel plans. The banks are trying to protect the user against credit card fraud, but the majority of the time the transaction is declined fraud is not being committed.
Telecom operator Verizon (New York) announced on Monday that its cloud-based managed identity-as-a-service offering has been approved for Level 3 Identity, Credential and Access Management (ICAM) certification. According to Verizon, its Universal Identify Service is the first service with Level 3 certification for online identity protection for federal employees and visitors of government websites.
Experts in the field of machine-to-machine (M2M) communications know that billions of intelligent devices connected on networks represent enormous opportunity, but also enormous risk. Many of these experts will gather in the M2M Zone at the CeBIT 2012 trade show in Hannover, Germany to discuss digital security for embedded devices, which will be the major theme for 350,000 attendees to the world's largest ICT event.
On Thursday, the U.S. House of Representative Intelligence Committee announced it was launching an investigation into the threat posed by Chinese-owned telecommunications companies working in the U.S., including Huawei (Shenzhen, P.R.C.) and ZTE (Shenzhen, P.R.C.).
The investigation comes after a ten month preliminary review of Chinese communications companies was conducted by the committee staff. The preliminary review suggested that there was a national security concern of “the highest priority” and that a more extensive investigation should be conducted.
Huawei Technologies (Shenzhen, P.R.C.), the world's second largest telecoms equipment maker, plans to buy Symantec Corp's (Sunnyvale, Calif., U.S.A.) 49% stake in Huawei Symantec (Hong Kong, P.R.C.) for $530 million in a joint venture between the companies that provides security solutions for corporations.
The agreement is subject to regulatory approval, but analysts and company executives foresee few hurdles as the joint venture is based in of Hong Kong. The deal is expected to close in the first quarter of 2012, Huawei said in a statement on Tuesday.