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July 15, 2024 | International, C4ISR, Security

Singapore Banks to Phase Out OTPs for Online Logins Within 3 Months

Singapore banks phase out OTPs for online logins to combat phishing. Digital tokens to become mandatory within 3 months.

https://thehackernews.com/2024/07/singapore-banks-to-phase-out-otps-for.html

On the same subject

  • French submarine snub tests EU defense cooperation avenues

    September 23, 2021 | International, Naval

    French submarine snub tests EU defense cooperation avenues

    France's rage over its abrupt sidelining by an Australian-British-US defense pact is drawing fresh attention to nascent European Union cooperation programs designed to build bridges across the Atlantic and the English Channel.

  • Croatia gives Israel deadline for sale of US-made fighter jets

    January 4, 2019 | International, Aerospace

    Croatia gives Israel deadline for sale of US-made fighter jets

    Croatia urges Israel to overcome disagreement with the US by January 11 or says it will cancel deal. Croatia has urged Israel to overcome a rare disagreement with the United States and to confirm it can carry through on a deal to sell 12 used American-made fighter jets. Croatia's Defence Ministry said on Thursday it needed an answer from Israel by January 11 or the Balkan country's $500m order for a dozen F-16 aircraft would be cancelled. Israel made a tentative deal to sell the upgraded F-16 Barak fighters to Croatia in March pending US approval for allowing the jets to go to a third party. The deal ran into trouble after the US State Department hinted that Israel needs to strip off the upgrades that were added after Israel took delivery of the planes from the US some 30 years ago. Israel upgraded the jets with sophisticated electronic and radar systems, which was crucial in Croatia's decision to buy the planes from Israel rather than from the US. "If the planes are not in accordance with what we have agreed, the deal will not be carried out and we will have another purchase bid," Croatia's parliament speaker, Gordan Jandrokovic, said. Relations between the Trump administration and Israel have been very close, particularly on defence issues. But the sale of the jets to Croatia appears to be an exception. US Secretary of State Mike Pompeo and Israeli Prime Minister Benjamin Netanyahu met on Tuesday in Brazil but didn't agree on a way to end the impasse. "We are expecting final and clear stands from both Israel and the United States on this issue and then we will make a final decision," Croatian Prime Minister Andrej Plenkovic said. Croatian Defence Minister Damir Krsticevic said Thursday that Israel provided guarantees during the contract bidding process that US officials would greenlight the sale. The controversy over the bid has triggered calls for the defence minister's resignation. The deal is Croatia's largest single military buy since it split from the Yugoslav federationduring the 1991-95 war. NATO member Croatia faces a mini arms race with Russian ally Serbia, which recently received six used Russian MiG-29 fighter jets. SOURCE: NEWS AGENCIES https://www.aljazeera.com/news/europe/2019/01/croatia-israel-deadline-sale-fighter-jets-190103180521852.html

  • Battle Force 2045 could work — if defense leaders show some discipline

    October 23, 2020 | International, Aerospace, Naval, Land, C4ISR, Security

    Battle Force 2045 could work — if defense leaders show some discipline

    By: Timothy A. Walton and Bryan Clark U.S. Defense Secretary Mark Esper is sprinting. With less than four months left in the administration's term, he unveiled a new vision for the Navy that would grow the fleet to more than 500 manned and unmanned vessels from today's 296 ships. Although some dismiss Esper's Battle Force 2045 concept as a political ploy shortly before an election, it could lead to a more effective and affordable future fleet — as long as Navy and Department of Defense leaders can avoid loading it down with expensive options. The Navy clearly needs to change its force design and operational approach. Even though naval forces are increasingly important to deter and defeat Chinese aggression, the Navy's previous plan to build a force of 355 ships lacked resilience and firepower, fell short on logistics, and was projected to cost 50 percent more than the current fleet. The Navy tried to adjust that plan with an integrated naval force structure assessment, but Esper rejected it, as it failed to implement new concepts for distributed multidomain operations and would be too expensive to realistically field. Instead, over the course of nine months, he and Deputy Secretary of Defense David Norquist led a study taking a fresh look at the Navy's force structure. The Hudson Institute contributed to the project by developing one of three fleet designs that informed the new plan. Hudson's proposed fleet is affordable to acquire and operate. Even though it consists of 581 vessels, more than 200 are unmanned or have small crews. The Hudson study's conservative estimates suggest it can be acquired for the ship construction funding in the Navy's President's Budget for fiscal 2021, adjusted for inflation, and would only cost moderately more than the current one to operate. The Hudson proposal becomes more affordable than the Navy's plan by gradually rebalancing the fleet to incorporate more smaller, less-expensive ships and fewer large multimission combatants. The proposed fleet would also constrain the size and cost of some large new ships, such as the future large surface combatant and next-generation attack submarine. Employing new operational concepts, the proposed fleet would outperform the current Navy in important metrics for future operations. First, the proposed fleet's groups of manned and unmanned vessels would generate more numerous and diverse effects chains compared to today's Navy, improving the force's adaptability and imposing greater complexity on enemy decision-making. Second, the fleet would deliver more offensive munitions from vessels and aircraft over a protracted period, and defend itself more effectively using distribution, shorter-range interceptors and electric weapons. Lastly, it enhances the fleet's amphibious, logistics and strategic sealift capacity. Overall, this results in a Navy that can help the joint force prevail across a range of potential scenarios, including the most challenging ones such as an attempted Chinese attack on Taiwan. The Hudson fleet is also achievable. Its shipbuilding plan relies on mature technologies or allows sufficient time to complete needed engineering and operational concept development before moving ships into serial production. The plan sustains the industrial base through stable ship-construction rates that avoid gaps in production and smoothly transition between ship classes. Even with this measured approach, however, the fleet can rapidly evolve, reaching more than 355 manned and unmanned vessels by 2030, and 581 by 2045. Although Battle Force 2045 focuses on ships, the Navy needs to spend more on improving repair yard infrastructure, growing munitions stocks, and providing command-and-control capabilities to the force. As the Hudson study shows, ship construction savings could help fund these and other enablers, but only if the Navy and the DoD have the discipline to avoid expensive new investments, such as building a third attack submarine every year, installing boost-glide hypersonic missiles on old destroyers or pursuing a significantly larger combatant to follow the Arleigh Burke class. Even if the procurement cost of these programs was funded through budget shifts within the DoD, each will incur a sustainment bill that is not factored into Navy plans and could accelerate the descent toward a hollow force. The Navy is now developing a new shipbuilding plan as part of its FY22 budget submission. Congress should carefully assess that plan and, in collaboration with the DoD, refine the budget. Esper may depart, but the results of this study can serve as a starting point for an operationally effective and fiscally sustainable fleet for the next administration. Timothy A. Walton is a fellow at the Hudson Institute's Center for Defense Concepts and Technology, where Bryan Clark is a senior fellow. Along with Seth Cropsey, they recently completed a study of future naval force structure. https://www.defensenews.com/opinion/commentary/2020/10/22/battle-force-2045-could-work-if-defense-leaders-show-some-discipline/

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