Morning Security Brief: Cybersecurity, Global Homeland Security Market, Money Laundering, and More

By Ann Longmore-Etheridge

►President Barack Obama will discuss cybersectury with President Xi of China next week after reports of cyberattacks on U.S. defense systems. According to the Voice of America, "U.S. officials have increasingly criticized China-based computer hacking attempts, which have been detailed in several recent private and government reports. But Washington has been less pointed in making direct accusations against the Beijing government, instead hoping to use talks to solve the problem."

►The U.S. Department of Justice has broken up a massive money laundering scheme and accused executives of the digital currency company Liberty Reserve of being its masterminds. An indictment against seven company employees says that the criminals could make financial transactions "under multiple layers of anonymity and thereby avoid apprehension by law enforcement. Five of those named in the indictment have been arrested. The company is based in Costa Rica.

►A new report published by MarketsandMarkets, Global Homeland Security and Emergency Management Market 2013-2018, predicts that the "cumulative market for homeland security during the forecast period is estimated at U.S. $2842.47 billion, though about 15% of that total is expected to be the capital expenditure," writes "The U.S. and Europe are expected to remain as the main market for homeland security systems and the region has the top industry participants who cater to this sector. The second biggest growth opportunity is from the Asia Pacific region where the growing economies are set to increase their homeland security expenditure. Opportunity also exists in the Middle East, followed by Latin America and Africa. Although the Asian market, especially China’s internal security spending, is significantly higher than in the United States, it is of less interest as the market is restricted to western firms."

► reports that "the Federal Emergency Management Agency (FEMA) is looking for armed guard services for disaster facilities in the area of Oklahoma City, Okla., which was struck by a powerful tornado on May 20. In a solicitation posted Sunday, FEMA said it was looking for local small businesses to guard five counties in Oklahoma -- Cleveland, Lincoln, McClain, Oklahoma, and Pottawatomie. The contractor would protect FEMA joint field offices, disaster relief centers, mobile disaster relief centers, logistical staging areas, communications centers, responder base camps, urban search and rescue staging and operational sites, and temporary housing centers." 


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