Articles by Philip J. Heijmans

Singapore Amends Law to Stop Allianz’s Insurance Deal

Singapore lawmakers passed an amendment to a bill that will effectively block Allianz SE’s proposed S$2.2 billion ($1.7 billion) acquisition of a majority stake in a local insurance firm. Under the amended Insurance Act, the country’s financial regulator will now …

Singapore Blocks $1.7 Billion Allianz-Income Insurance Deal

The Singapore government will block a proposed S$2.2 billion ($1.7 billion) deal by Allianz SE to buy a majority stake in a homegrown insurance firm, three months after the transaction sparked a public backlash. The government decided it wouldn’t be …

US Cyber Chief Sees ‘Very Aggressive’ Chinese Hacking Strategy

A top US spy chief said China is increasingly using its companies to find vulnerabilities in their own computer networks and then tapping that knowledge to target foreign nations and industries. “We’re really seeing China be very aggressive,” General Timothy …

Ukraine Sees Russian Cyberattacks Growing More Sophisticated

A senior Ukrainian official said Russian cyberattacks are growing more sophisticated and have become daily occurrences aimed at disrupting vital infrastructure during wartime. Deputy Foreign Minister Anton Demokhin, who’s also the ministry’s chief digital transformation officer, said hackers continue to …

U.S. Official Sees More Aggressive Cybersecurity Threats From Russia, China etc.

Secretary of Homeland Security Alejandro Mayorkas said the US has observed growing cybersecurity threats both at home and throughout Asia, and is warning against activity coming from Russia, China, North Korea and Iran. “Malicious activity from the PRC is a …