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Viettel Cyber Security (VCS) Wins the Global Cyber Security Competition Pwn2Own for the Second Time, Earning $205,000 Prize

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HANOI, Vietnam, Nov. 6, 2024 /PRNewswire/ — The engineering team of Viettel Cyber Security (VCS) has excellently won the championship for the second consecutive time at the Pwn2Own competition—the most prestigious security arena in the world. By successfully exploiting 9 security vulnerabilities in devices from major brands such as Canon, HP, Lorex, Synology, Sonos, QNAP, Lexmark, and TrueNAS, the VCS team from Vietnam outperformed competitors from Europe, Canada, and the United States to assert its position.

According to a report from the Zero Day Initiative on October 25, the VCS team scored 33 points after four days of competition, nearly double that of the second-place team, Team Cluck from the U.S., which had 17.25 points.

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Security Targets Successfully Exploited by VCS at Pwn2Own

Pwn2Own is an annual network attack competition held since 2007, likened to the World Cup of the security community. This year’s event featured eight categories for engineers to find and exploit security vulnerabilities, including Mobile Phones, Messaging Apps, SOHO Smashup (Small Office and Home Networking Systems), Surveillance Systems, Smart Home Devices, Printers, Smart Speakers, and NAS Storage Devices.

At Pwn2Own 2024, VCS experts successfully exploited 9 targets, including Lorex and Synology surveillance cameras; Sonos smart speakers; HP, Lexmark, and Canon printers; QNAP and TrueNAS Mini X network storage devices; as well as the SOHO Smashup networking systems category.

With this impressive result, VCS won a prize worth $205,000. Through the competition, VCS not only confirmed its superior security capabilities but also made significant contributions to discovering and enhancing the security of smart devices, especially as major manufacturers face increasingly complex and sophisticated threats in the digital age.

Developing Security Skills on AI-Integrated Systems

According to Mr. Ngo Anh Huy, head of the VCS team at Pwn2Own 2024, this year’s competition posed significant challenges as devices were upgraded with more complex security measures, many integrated with AI to combat attacks. Exploiting AI-integrated devices requires the VCS team to have deep knowledge of AI in addition to traditional security skills.

“With the rapid development of AI, successfully exploiting these devices not only helps the team expand its security capabilities but also prepares them to respond to increasingly complex risks in the future. Success at Pwn2Own once again proves that Vietnamese experts are on par with their peers worldwide,” Mr. Huy shared.

This year’s event saw over 70 zero-day vulnerabilities discovered and exploited, with total prizes reaching $1,066,625. The success of VCS at Pwn2Own is not only a source of pride for Viettel Cyber Security but also enhances the status of Vietnam’s cybersecurity industry on the international stage, opening up new opportunities and challenges in global cybersecurity.

About Pwn2Own

Pwn2Own is one of the most renowned and prestigious security competitions in the world, held annually by the Zero Day Initiative (ZDI) since 2007. Known as the “World Cup” of cybersecurity, Pwn2Own attracts top security research teams from around the globe to test their abilities to exploit vulnerabilities in various devices and software, from printers and smart speakers to surveillance systems. Major technology companies such as Meta, Apple, and Pixel also eagerly bring their products to challenge the competing teams.

At Pwn2Own, competing teams must seek and exploit vulnerabilities within three months before showcasing their products at the event, aiming for high scores and cash prizes. The competition not only fosters creativity and collaboration within the cybersecurity community but also raises awareness of potential security vulnerabilities in modern technology, thereby helping manufacturers improve their product protection capabilities.

About Viettel Cyber Security

Viettel Cyber Security (VCS), hailing from Vietnam, was recognized as the best cybersecurity company in Asia according to the Cybersecurity Excellence Awards 2022-2023. VCS offers a wide range of services tailored to meet the unique needs of clients, including:

Security Operations Center (SOC) services for real-time threat monitoring and incident responseThreat Intelligence (TI) to proactively identify and mitigate potential risksVulnerability Assessment and Penetration Testing (VAPT) to detect and address system vulnerabilitiesCompromise Assessment (CA) to assess and remediate security breaches

With expertise and cutting-edge technologies, VCS ensures robust protection and peace of mind for organizations navigating the complexities of cybersecurity.

Website: https://viettelcybersecurity.com/

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SOURCE Viettel Cyber Security

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PASHA Holding forges global connections at COP29

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BAKU, Azerbaijan, Nov. 23, 2024 /PRNewswire/ — PASHA Holding, a leading Azerbaijani company, successfully participated at COP29, reaffirming its dedication to climate action. As an Impact Partner at the event, PASHA Holding actively engaged in meaningful discussions, collaborated with global stakeholders, and shared its vision for a sustainable future.

The holding’s presence included a tailored booth in the Green Zone, alongside multiple thought-provoking sessions led by PASHA Holding companies, including PASHA Bank, Kapital Bank, PASHA Insurance, PASHA Life, AgroDairy, and PASHA Real Estate. These sessions addressed critical issues such as climate finance, sustainable agriculture, and the role of private sector leadership in fostering inclusive green transitions.

Through its participation, PASHA Holding leveraged the opportunity to exchange ideas, build relationships with regional and global peers, and learn from diverse experiences in tackling climate challenges. By engaging with stakeholders from government, international organizations, and the private sector, PASHA Holding enhanced its capacity to drive sustainable development initiatives in Azerbaijan and beyond.

Aytaj Mukhtazada, Head of PR and Communications at PASHA Holding, remarked:

COP29 has been an extraordinary platform for us to amplify our sustainability vision and forge valuable connections. The insights gained and partnerships established here will enable us to align our strategies with global climate objectives while addressing the unique needs of our region. This experience underscores the importance of collaboration in creating impactful, long-term solutions to the challenges we all face.”

Key elements of PASHA Holding’s sustainability strategy include minimizing the environmental impact of its own operations, investing in projects that support the transition to net zero, and investing in technological innovation to address the challenges presented by climate change. In the near future, the group plans to conduct comprehensive diagnostics and gap analysis across its subsidiaries to set specific goals to decrease our carbon footprint, including supply chain, support the customers in their transition journeys and increase investments in green initiatives. Additionally, PASHA is committed to empowering its stakeholders through education and collaboration, ensuring that sustainability is embedded across the wider economy. These plans include supporting the development of a sustainable SME landscape in the country, aiding farmers in their green transition, and supporting innovation for developing decarbonization solutions.

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SOURCE PASHA Holding

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Global Times: China vows to promote steady growth of foreign trade

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BEIJING, Nov. 23, 2024 /PRNewswire/ — Officials from five Chinese departments including the Ministry of Commerce (MOFCOM), the Ministry of Foreign Affairs and the People’s Bank of China vowed to promote the steady growth of foreign trade at a press conference held on Friday in a move experts said is part of a package of policy measures to inject impetus and confidence into stabilizing the economy and help realize its annual economic targets.

Meanwhile, at the same press conference, the vice commerce minister highlighted China’s capacity in dealing with external shocks in the first explicit, publicly known response by a senior commerce official to the impact of the US’ potential 60 percent tariffs on Chinese imports. He stressed tariffs will only lead to high costs for consumers, and a stable, healthy and sustainable development of China-US economic and trade relations will benefit peoples of both countries and the world.

The press conference came after MOFCOM, together with the Ministry of Foreign Affairs, the Ministry of Industry and Information Technology, the People’s Bank of China and the General Administration of Customs rolled out nine measures to support foreign trade, involving support and guidance in insurance, financing, cross-border trade settlement, expanding scope on imports and exports, optimization of trade structure, visa facilitation and transportation.

Analysts noted that the latest move will further enhance the confidence of Chinese foreign trade enterprises, thereby injecting a stable and strong impetus to economic development, helping the country navigate the complexities of the global market.

Policy support

During the press conference, Chinese Vice Commerce Minister Wang Shouwen noted that the policy is aimed at responding to changes in the international trade situation and promoting solutions to practical difficulties faced by foreign trade enterprises in financing and maritime transport.

The raft of policy measures aimed at promoting the steady growth of foreign trade was deliberated and adopted by a State Council executive meeting on November 8.

The Ministry of Commerce on Thursday unveiled the policy measures in a notice. Among the nine specific measures, financial institutions are encouraged to increase financing support for micro, small and medium-sized companies based on market-oriented and law-based principles.

Efforts should be made to optimize cross-border trade settlement, promote the development of cross-border e-commerce, expand agricultural product exports, and support the imports of key equipment and energy resources, said the notice.

The overall situation of China’s foreign trade is relatively optimistic, but at the same time we should also see that uncertainties continue to accumulate. Maintaining stable growth in foreign trade and sustained improvement in competitiveness cannot be separated from policy support, Zhou Mi, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation, said on Friday.

“The timely joint efforts by five Chinese departments enhanced the confidence and expectations of Chinese foreign trade enterprises, and the measures will effectively help address problems of current foreign trade and future uncertainties,” Li Yong, a senior research fellow at the China Association of International Trade, told the Global Times on Friday.

Stable growth in foreign trade can provide more impetus for the domestic economy. The nine measures are part of a package of policy measures to inject growth momentum and confidence into stabilizing the economy, which will help realize the country’s annual economic targets, Wang Peng, an associate research fellow at the Beijing Academy of Social Sciences, said on Friday.

“Consumption, investment, exports and market sentiment all improved in October, and this trend is highly likely to continue in the last two months of the year, as the confidence of enterprises and consumers has been shored up thanks to the support policies,” Wang Peng told the Global Times.

Resilient against external shocks

At the press conference on Friday, Wang Shouwen also stressed that China has the capacity in dealing with external shocks largely owing to its resilient and vibrant economy that has great potential in a response to a question on the impact of the US’ potential 60 percent tariffs on Chinese imports.

China is building a “dual circulation” development pattern, which takes the domestic market as the mainstay while allowing domestic and international markets to reinforce each other. We are capable of resolving and withstanding the impact of external shocks, the official told reporters.

Wang Shouwen noted that history has also shown that the imposition of tariffs on China by a country does not solve the problem of its own trade deficit, on the contrary, it pushes up the prices of the country’s imports from China as well as from other countries.

This is because the tariffs are ultimately paid for by the consumers and the end-users of the importing country, which inevitably leads to an increase in the prices paid by consumers and an increase in the costs to the users, which also leads to inflation, the vice commerce minister further elaborated.

The vice commerce minister said that China and the US are the two largest economies in the world, and have strong complementarities. We believe that if China and the US can maintain a stable, healthy and sustainable development trend in their economic and trade relations, it will be beneficial to both the Chinese people and the American people, as well as the people of all countries in the world, and this is also what the international community expects, he said.

China is willing to engage in dialogue with the US on the basis of the principles of mutual respect, peaceful coexistence and win-win cooperation, in a bid to expand areas of cooperation, manage differences, and promote the stability of the bilateral trade and economic and trade relationship, Wang Shouwen said, noting that China will also firmly safeguard its own sovereignty, security and development interests.

Chinese companies have advantages in ordering, transportation, warehousing and other export-related areas that are difficult for other countries to replace, due to their complete supply chain and high production efficiency, Li said.

“Moreover, the country’s economic resilience provides enough market size to address some of the external risks. In particular, China has continued to promote new dynamics in foreign trade and new quality productive forces, which will cultivate new international competitive advantages,” Li noted.

“Years of China-US trade and investment have made the two sides interdependent. In addition to providing US consumers with cost-effective products, China’s exports of its intermediate products have become embedded in the US supply chain and have become part of the competitiveness of many US industries,” Li said, noting that the US needs to maintain rationality in its economic and trade policy toward China.

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SOURCE Global Times

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ZICC: Closer China- Honduras Ties

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BEIJING, Nov. 23, 2024 /PRNewswire/ — Renato Florentino, vice president of Honduras, accepted an exclusive interview with ZICC in Wuzhen during the 2024 World Internet Conference Wuzhen Summit. He said that China’s advancements in transportation, communication, and computing impressed him a lot. “We hope to continue to promote the cooperation between Honduras and China and maintain close cooperative relations,” he said.

SOURCE ZICC

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