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Jing huang treasury analyst1/23/2024 “The majority of cases we’re dealing with are espionage attacks, they’re stealing data, and they’re attempting to maintain a persistent presence inside these networks for as long as they possibly can,” said Jon Clay, vice president of threat intelligence at Trend Micro Inc. That period, which coincided with unprecedented Chinese military drills around Taiwan, highlighted the island’s vulnerabilities. Taiwan’s Ministry of Digital Affairs reported the most common attack is focused on stealing sensitive information and that the frequency and number of threats surge depending upon geopolitical events.įor instance, during former House Speaker Nancy Pelosi’s visit to Taipei in August 2022, Taiwan “experienced foreign cyberattacks reaching levels 23 times higher than previous peaks” and some government websites temporarily went offline due to the large volume of distributed denial-of-service (DDoS) attacks, according to the ministry. Read More: Google Warns China Is Ramping Up Cyberattacks Against Taiwan Moreover, researchers at cybersecurity firm Fortinet said that Taiwan accounts for about 55% of the billions of malicious cyber threats detected in the Asia-Pacific region this year. The number of state-sponsored attacks has been soaring, more than doubling in three years, according to TeamT5, which has clients from Singapore to the US. And despite cybersecurity investments by bigger companies and government agencies, they have still struggled to keep up with the constantly shifting techniques employed by state-sponsored hackers. Li said that’s because small and medium-sized firms often lack the resources to effectively defend their systems. He said his firm’s work tracking state-sponsored hackers in Taiwan showed that most of the island’s government agencies and companies attacked last year “did not even notice that they were being hacked.” “Taiwan has near zero capability to defend itself from these advanced cyberattacks,” said Charles Li, chief analyst at Taiwanese cybersecurity firm TeamT5. A victory by the ruling party could prompt Beijing - which views Taiwan as its territory - to take a more aggressive approach toward Taipei. But the urgency to beef up digital defenses in Taiwan is acute, as the island sits at the center of US-China tensions and has a critical presidential election in January. Tabletop cyber exercises are hardly new, even in Taiwan. to run simulated cyberattacks, cramming a hypothetical three weeks of digital assaults into an eight-hour drill. To bolster its online defenses, government officials and financial institutions in Taipei are consulting security experts from the US Treasury Department and working with American cybersecurity company SimSpace Corp. Gulf Splits Hinder US Efforts to End Houthi Ship AttacksīP to Pause All Tanker Transits Through the Red Seaĭocuments Reveal Hidden Problems at Russia’s Nuclear Powerhouse US Frackers Return to Haunt OPEC’s Pricing Strategy It began shipping in September and Nvidia's ability to meet the demand depends on Taiwan Semiconductor Manufacturing Company TSMC.(Bloomberg) - Taiwan’s financial system undergirds a $760 billion high-tech economy, but its vulnerability to advanced hacks has raised fears of a worst-case scenario: a full-blown cyberattack from China that sends its currency and markets into a tailspin.Īpple to Halt US Sales of Smartwatches After Patent Loss Its latest AI chip, the H100, is already in high demand. Intel's Data Center Business' Revenue PeriodĪccording to an estimate by analyst firm Omdia, Nvidia accounts for over 70% of the total AI chip sales. On the other hand, Intel's data center revenue fell to $3.8 billion from $4.4 billion in the same period. 2023 quarter, Nvidia reported $14.5 billion in data center revenue, nearly 4 times as much as in the same quarter in 2022. One glance at Nvidia and Intel's data center revenue shows the contrasting performance of both companies. Amongst these, GPUs are better suited for AI-driven applications since they can perform these tasks fastest and most efficiently. Data centers use central processing units (CPU), graphic processing units (GPU), and data processing units (DPU) to run their operations.
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