This was a risk even before the war in Ukraine. Can it succeed without access to the secret formula for Coke or suppliers outside of Russia?
Vladimir Putin threatens to seize assets of Western businesses that have left Russia
… Hundreds of companies have similarly announced plans to curtail ties to Russia, with the pace accelerating over the past week as the deadly violence and humanitarian crisis in Ukraine worsens, and as Western governments ratchet up economic sanctions.
Russian President Vladimir Putin responded Thursday by saying that if foreign companies shut down production in Russia, he favored a plan to “bring in outside management and then transfer these companies to those who want to work.”
A draft law could allow Russian courts to appoint external administrators for companies that cease operations and are at least 25% foreign-owned. If the owners refuse to resume operations or to sell, the company’s shares could be auctioned off, the ruling United Russia party has said, calling it “the first step toward nationalization.”
Clearview must seem useful, given all the places it shows up.
Exclusive: Ukraine has started using Clearview AI’s facial recognition during war
Ukraine's defense ministry on Saturday began using Clearview AI’s facial recognition technology, the company's chief executive told Reuters, after the U.S. startup offered to uncover Russian assailants, combat misinformation and identify the dead.
Ukraine is receiving free access to Clearview AI’s powerful search engine for faces, letting authorities potentially vet people of interest at checkpoints, among other uses, added Lee Wolosky, an adviser to Clearview and former diplomat under U.S. presidents Barack Obama and Joe Biden.
Ukraine is having an impact in lots of areas.
https://www.databreaches.net/ukraine-war-has-insurers-worried-about-cyber-policies/
Ukraine War Has Insurers Worried About Cyber Policies
Alice Uribe, Leslie Scism, and David Uberti report:
Insurance for cyberattacks has been a booming business, but Russia’s invasion of Ukraine has insurers sweating about the possibility of big losses. They are rushing to plug a possible loophole that leaves them vulnerable.
Sales of cyber insurance more than doubled last year to about $15 billion as companies sought to protect themselves from the costs of ransomware and computer viruses that could cripple their operations.
Like most insurance policies, these have exclusions for acts of war.
Read more at The Wall Street Journal.
Perspective. Another crime facilitated by technology…
New law banning cyberflashing to be included in online safety bill
Cyberflashing is to become a criminal offence, with perpetrators facing up to two years in jail under government plans to strengthen the upcoming online safety bill.
Three-quarters of girls aged 12-18 have been sent unsolicited nude images of boys or men, according to research published in 2020. A revised version of the online safety bill is expected to be published the week that will include a number of new offences in addition to cyberflashing.
The culture secretary, Nadine Dorries, said: “The forthcoming online safety bill will force tech companies to stop their platforms being used to commit vile acts of cyberflashing. We are bringing the full weight on individuals who perpetrate this awful behaviour.”
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