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Critical Infrastructure News

WASHINGTON (Reuters) -The U.S. Federal Communications Commission (FCC) voted unanimously on Tuesday to finalize a $1.9 billion program to reimburse U.S. carriers for removing equipment from telecommunications networks from Chinese companies deemed national security threats like Huawei and ZTE Corp.

Last year, the FCC designated Huawei and ZTE as national security threats to communications networks - a declaration that barred U.S. firms from tapping an $8.3 billion government fund to purchase equipment from the companies. The FCC in December adopted rules requiring carriers with ZTE or Huawei equipment to “rip and replace” that equipment.

Read more: Reuters

IMB’s latest global piracy report details 68 incidents of piracy and armed robbery against ships – the lowest total since 1994 – down from 98 incidents during the same period last year. In the first six months of 2021, IMB’s Piracy Reporting Centre (PRC) reported 61 vessels boarded, four attempted attacks, two vessels fired upon and one vessel hijacked.

Despite the overall decline in reported incidents, violence against crews has continued with 50 crew kidnapped, three each threatened and taken hostage, two assaulted, one injured and one killed throughout the first half of 2021.” 

While the reduced numbers of reported incidents is welcome, the IMB PRC continues to caution against complacency. Vessels were boarded in 91% of the reported incidents.” 

Read more: Commercial Crime Services

Financial firms may need to bolster their defenses in the face of rocketing cyberattacks after employees began working from home, the Financial Stability Board (FSB) said on Tuesday.

The board, which coordinates financial rules for the G20 group of nations, said remote working since economies went into lockdown to fight Covid-19 opened up new possibilities for cyberattacks. Working from home is expected to stay in some form across the financial services industry and beyond.

“Most cyber frameworks did not envisage a scenario of near-universal remote working and the exploitation of such a situation by cyber threat actors,” the FSB said in a report to G20 ministers and central banks.

Read more: NBC News