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India v China: Which market holds greater potential for UK SMEs

By Siddharth Shankar

China has long been seen as a land of opportunity by UK businesses. We have enjoyed an increasingly strong trading relationship with the country for many years. However, as the IMF announces that it is downgrading its all-important growth forecasts for the Chinese economy, will China continue to grow in importance as an export destination for UK goods or will other markets –such as India – prove to hold greater potential?

New figures released last month by the Office for National Statistics show that Asia as a whole is becoming increasingly important to UK trade. Many of the fastest-growing export markets for the UK are in Asia. UK business has seen a whopping 40% growth in exports to Taiwan, 19% to India and 17% to Thailand. India is a particularly exciting market for the UK due to its sheer size. So how do the two market’s potentials compare?

China

China is the world’s second largest economy. Ever since the country began to adopt free-market principles in 1978 it has been going from strength to strength. In recent years UK-China trade relations have been blooming. Last February Teresa May and the Chinese Premier agreed a new trade and investment review but the UK’s exports to China have been increasing steadily since 1999, when China was the UK’s 26th largest export market, compared to 2017 when it became the UK’s sixth largest export market. In the year to March 2018 UK exports to China grew by 15.3%.

However, the IMF recently…

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The future of mobile security in banking

By Michael Flossman, Security Researcher at Lookout

What security challenges will the banking industry face over the next few years?

The use of mobile in all aspects of life is growing, from the near daily use of banking apps through to accessing work remotely, so it’s become a viable, and currently very profitable, channel that hackers can target in order to steal sensitive data. Over the last several years we have seen threat actors expand their traditionally desktop focussed arsenals to now include a mobile component. This was the case with the actors behind the successful SpyEye and Zeus desktop families who released Spitmo and Zitmo respectively. It isn’t just the established cybercriminal gangs that are breaking into the mobile space, we’re also seeing a number of new players deploy mobile banking trojans like BancaMarStealer / Marcher, Cron, and MazarBot. Leaked source code for an earlier banking trojan known as GMBot has meant that the barrier to entry for threat actors looking to have a mobile capability is quite low.

It’s now more critical than ever that banks upgrade their cybersecurity measures to include mobile, so end users are protected regardless of the channel they use to bank with.

How do these attacks work?

It tricks the user by introducing an overlay, essentially a fake login page which looks identical to what a user would see when browsing to the…

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