18 Dec

That cyber look

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Steve FochlerYou know what I’m talking about don’t you? It’s when someone mentions Cyber Security and our faces get that blank stare look. This is then followed by a rush of fear that our financial institution is not secure. Don’t worry. It happens to all of us, even the technologically enabled (okay geeks) when we start talking about how policy and procedure is just as important as the flashing green lights on the firewall in the computer room.Take a deep breath and exhale. This seems to work for me and hopefully it will work for you as well. Are you ready? Let’s talk about Cyber Security. Cyber Security is indeed a critical matter. But let’s call it what it is; another form of security. And our financial institution clients certainly understand security. It’s a part of their everyday life. Cyber Security is a little different in that it includes technical security in addition to physical security.When we think of Cyber Security, we typically talk about internet security, firewalls, intrusion detection systems, and network monitoring systems which are critical to protect the perimeter of our networks. In addition, many of us outsource transaction processing to cloud based vendors. These vendors must prove to us they have these same technologies in place and manage them appropriately. Enter vendor risk management as a component of your cyber security program. continue reading »last_img read more

19 Oct

China charges two detained Canadians with alleged espionage

first_imgChinese prosecutors said on Friday they have charged two detained Canadians for alleged espionage, in a case that has driven a diplomatic wedge between Ottawa and Beijing.Former diplomat Michael Kovrig and businessman Michael Spavor were arrested in late 2018 on state security charges, after Canadian authorities arrested Huawei Technologies Co’s chief financial officer, Meng Wanzhou, in Vancouver on a U.S. warrant.In December, China’s foreign ministry said it had ended an investigation into the two, and the case had been turned over to prosecutors. Kovrig’s case is being handled by prosecutors in Beijing, and Spavor’s in the northeastern province of Liaoning. Canada has called the arrests “arbitrary”.Last month, Huawei’s Meng, the daughter of the founder of the telecoms giant, lost a legal bid to avoid extradition to the United States to face bank fraud charges, dashing hopes for an end to her house arrest in Vancouver.She recently raised a new argument in a Canadian court in a bid to fight extradition, court documents released on Monday showed.Topics :last_img read more

17 Aug

AccorHotels completes acquisition of Mantra Group

first_imgPhoto: Simon McGrath, COO AccorHotels Pacific and Michael Issenberg, Chairman and CEO AccorHotels Asia Pacific celebrate the acquisition at Peppers Soul, Gold CoastAccorHotels completes acquisition of Mantra GroupAccorHotels today announced that it has completed its acquisition of Mantra Group for $1.2 billion. The deal includes the Mantra, Peppers, BreakFree and Art Series brands, representing 138 hotels in Australia, New Zealand, Hawaii and Bali.Michael Issenberg, Chairman and CEO of AccorHotels Asia Pacific said, “The Mantra Group is the latest chapter in the strong growth story of AccorHotels in the region.  Since our launch with the Novotel Sydney on Darling Harbour in 1991, AccorHotels has become the largest hotel group in the Pacific, and Australia has always played a key role in that story.“AccorHotels is a significant contributor to the Australian tourism industry, and this deal is a signal of our confidence in Australia both as an attractive destination for global travellers but also as a feeder market for our Asia Pacific and wider network.”At the close of the deal, AccorHotels will operate over 330 hotels and resorts across Australia and over 900 throughout Asia Pacific. AccorHotels will also be the largest employer on the Gold Coast, outside of government.Simon McGrath, COO of AccorHotels Pacific said, “The Mantra Group brands will enhance AccorHotels’ portfolio and create new opportunities for our people, partners and guests. We believe that tourism is critical to the economic growth of the region and future job creation and this deal will allow us to further develop the industry.”Mr McGrath added that innovative growth was a hallmark of both AccorHotels and the Mantra Group. “Our innovation in economic business models, brands and customer initiatives has fueled our growth over the last 27 years and the Mantra Group has built an innovative business focused on the best partnership experience for its 10,000 strata title owners,” he said.  “Under Bob East’s leadership this bespoke approach and responsiveness has seen it maintain and grow rooms under management.  We see enormous value in leveraging Mantra Group’s entrepreneurial spirit and expertise to create new opportunities.“Mantra’s brands and properties perfectly complement the AccorHotels network and will enable us to provide new destinations and new experiences for our guests. We look forward to combining the talent and expertise of both groups to create an even more innovative, agile and dynamic team.”Bob East, CEO of Mantra Group said, “I am immensely proud of the great company we’ve built and what we’ve achieved as an Australian-based business. It’s been an enjoyable journey for me leading the team since 2007 through to our float on the ASX in 2014 and now closing this deal with AccorHotels.  I have enormous belief in the business and the team here is looking forward to working with Simon and AccorHotels to continue this success.”The Mantra Group leadership team will continue to be based in the Gold Coast office, reporting to Mr McGrath, in line with all other AccorHotels Pacific business units.“I’m looking forward to getting my feet under the desk at the Gold Coast, working with the team and getting to know the detail of this business. We welcome our Mantra colleagues to AccorHotels and together, we will benefit from our shared values, expertise and entrepreneurial spirit,” Mr McGrath said.Source = AccorHotelslast_img read more