tv Business - News Deutsche Welle October 25, 2018 1:15pm-1:31pm CEST
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steen island beaches of baraka island as it gets ready to reopen the w. sent a reporter to check on progress. ok how the office will have that story on not much more coming up in the day's business updates i'll be back at the top of the hour i myself a good day. with different languages we fight for different things that's fine let me all stick up for freedom freedom of speech and freedom of press. giving freedom of choice global news that matters w made for mines. climate change.
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waste. pollution. isn't it time for good new eco africa people and projects that are changing our environment for the better it's up to us to make a difference let's inspire other. people in africa the farming magazine. long d w. i have flown cathay pacific recently and then watch out because hackers have a talk with the hong kong based ally and then nine million customer data sets was stolen including possible numbers and home addresses of passengers was why did it take cafe seven months to come clean. thousands take to the streets of well as
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ira's to protest the spending cuts and president mark prince budget reducing crushing debt. and pristine paradise the philippines most popular tourist destination is recovering from damage thanks to a last minute radical decision. is due to give businesses. hackers have gained access to the personal data of nine point four million passengers of hong kong's cathay pacific airways the hong kong carrier says there is no indication of any data having been used for criminal purposes but it's shares slits to a nine year low as yet to explain why it has only just reported the incident seven months after the attack. but check in with potentially serious consequences to an authorized access a cut a pacific was uncovered during routine checks on its internal system the hong kong
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authorities were informed of the incident on wednesday. the data exposed includes passenger names physical addresses and passport numbers cathay is now the third major airline this year to reveal it suffered a large scale data breach. last year alone cyber attacks cost companies an estimated four hundred fifty billion dollars in a growing wave of data breaches. the biggest revealed so far was in twenty thirteen when the data of three billion yahoo users was stolen. the second most serious breach involved friend finder in twenty sixteen when the passwords and e-mail addresses of four hundred twelve million users were leaked last year a cyber attack on american credit bureaus equifax the social security numbers birth date addresses and driver's license numbers for one hundred forty five million people data that enable criminals to apply for loans in other people's names. a growing number of attacks now involve ransomware which disables computers in charge
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of production lines docs and hospitals generally those talks that have to pass some of the cryptocurrency to restore access. the news from cathy pacific has millions of customers now worrying about the misuse of their personal data. on itself is under pressure to explain why it took seven months to make such a massive data breach public. one of those questions i'd like to discuss with her is a locker she's not here but writing for vice germany welcome to the tourism how serious is this breach it is pretty serious there are over nine million costs of affected and. has a lot of personal doubt. in these accounts that were exposed. it is not that serious in the regards that there are only expired credit card information . being exposed this time around but nevertheless attackers could pass these data
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and sell it on the dark web for example and also build comprehensive dos years that could be used for phishing tax fraud or other criminal activities this is this brings me to my next question what can actually be done with this kind of data who buys this is it is it money is money in serious money in a sure. they can be sold on on the dock where particular forum specialized. leaked out on heck data. and they can be used for a fishing for example if you say have an account an airline you bought a ticket you have a phone number connected to it maybe you are a corporate customer and you have six or more credit cards than to your account these accounts can be used to create a fake identity and to steal your identity. these hackers could for example call up at the airline call up at the credit card and use the phone number as a back up to then create
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a new identity and link new payment details to to an account so what customers should be do or what people affected should be do is be wary of phishing attempts if they are effective in the airline. probably get in contact with them and they should just be very wary the attackers also sometimes sent out email to test these phishing attempt so they should be checking twice whether the email asking them to check their account actually comes from the line. is this clever policy by the way to keep everything out of the cop it under wraps until seven months later i don't think it is so very clever policy for example in the late to start a breach that an ally and when i was affected i think it was british airways they inform customers right away. seven months is a long time and a lot can be done with it in the meantime and i think it also hurt their shares very brief experience more and more how it's affected our lives why is that.
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airlines are very attractive target for cyber criminals because they host a trove of information of customers who are not only affluent but also have credit card payment information is linked to that and also pos put information so there are more and more options to create. or to steal identities of thank you very much welcome. thousands of people have taken to the streets of well as iris to protest the austerity measures of arjen time president maurizio mockeries lawmakers in the lower house began discussing the next year's budget which includes a range of spending cuts aimed at reducing debt. dozens of protesters hurled rocks in front of congress while police in riot gear responded with rubber bullets tear gas and water cannon. nearby thousands gather to oppose steep spending cuts and tax hikes aimed at
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a racing the country's budget deficit tensions are rising as public utility subsidy cuts trigger higher heating and electricity bills that's fueling inflation. which is expected to surpass forty percent this year earlier this year president mockery committed to the austerity efforts as part of a fifty seven billion dollar bailout package with the international monetary fund analysts say the loan will help cover the government's financing needs through next year but activists disagree. that it's the budget for the i am if not for the people everyone suffering because there are layoffs companies are closing down and the government is destroying our entire research infrastructure they're just trying everything we will be left with a country with a monumental debt and no way out. we've taken to the streets so this budget is not approved this is the beginning of a popular movement to stop the agreement with the i.m.f. . me south america's second largest economy is expected to contract part two point
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seven percent this year and another half percent next year mockery needs the budget to pass to maintain his economic adjustment plan and turn the economy around. for six months the philippines most famous trues destination was shut down to ability to the island years and years of mass tourism damaged the once pristine beaches nearly beyond repair so the national government put on the emergency brakes to the detriment of local businesses this friday chai is said to reopen to tourists again our reporter general de mello went to check out on how far off the island has come. broccoli has waited six months for visitors to. losing years of environmental mismanagement and over tourism i take more time than that ready or not however the island is reopening and that efforts clearly ongoing
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buildings have had to be raised and declared no build zones or moved to make way for you know it's on a beach workers race to complete an overhaul of the underground sewage system was over the. two hundred waste water being dumped into the ocean one key issue that led to its closure last year more than two million tourists came to this tiny island of just over ten square kilometers more than half of them for it now the tourism authorities are warning incoming visitors to manage their expectations and you can see why as it turns out fixing an island isn't easy here. it's been hard on business owners fernando dorris tried to keep his food the shop open during a shutdown but major road work displacing electricity posts had led to frequent hours all power outages that's set to continue and i get picked though the effect on us is that we struggled we made very little money and my staff suffered i couldn't feed them so they left so i'm experiencing. first some of the closure and
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the island's complicated recovery is wholesale punishment for the misdeeds of a few but others see it as a sign of political will returning to broccoli after years of poor governance. corruption is the main reason why you know the negligence of duty of some of our leaders so we are all part of this kind of misery and painful journey of closure a bra and we'll be learn our lessons from from this mistake and this is a wake up call for every filipino that is doing business in the country. then ueberroth comes with a new set of rules like strict arrival limits authorities hope fewer people will keep it sustainable to stop businesses from cutting corners to keep up with demand but some worry a lack of accountability would mean the sacrifice was for nothing. if those who
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violated regulations were shut down on blacklisted others would be afraid to follow suit but what's actually happened is that no one has been arrested for violations no. one's been punished no one knows how much was paid in the penalties. so it's possible. because no one went to jail well no. there's strong support for the idea here that the national government had to go to extremes and deprived iraq i hope that's tourism revenue for a while in order to save it that the rescue continues as tourists return represents a new test for the island but. an asshole from me my producer and the rest of the business team here in the land thank you very much for watching get up your business by.
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