A number of financial institutions all over the world have taken steps to strengthen their own security systems after infrastructure following the global cyber-attack which affected a number of organizations worldwide.
Reports and coverage EU
Thousands of institutions around the world were subject to a series of "WannaCry" ransom attacks over the weekend (starting Friday, May 12), causing data to be encrypted with a claim for payment. The virus was a malicious program that affects smartphones and computers, encrypts and locks their data so that it cannot be accessed until payment is made.
Denmark's Prime Minister has claimed that the Scandinavian country is not properly equipped to adapt to the technologically driven changes of the labor market, following US ride-sharing firm Uber's decision to leave the country due to what it deemed to be unfair regulatory policies introduced by the government.
In order to help tackle the serious threats posed to network security, ETSI, officially recognized by the European Union as a European Standards Organization, will stage a comprehensive week-long event devoted to this increasingly crucial subject.
Satellite giant SES and the Luxembourg Ministry of Foreign and European Affairs announced that they have extended a contract to maintain and support SATMED, an e-health satellite platform, until 2020.
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