Bank of America CEO Brian Moynihan is not worried about an economic slowdown, saying the U.S. consumer is still in a strong place.Banksread more
Target CEO Brian Cornell says he's encouraged by Trump's decision to postpone some consumer-oriented tariffs that were supposed to start Sept. 1.Retailread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
President Trump insists the economy is healthy and says the only thing holding U.S. growth back is the Federal Reserve.Marketsread more
Target shares opened at record high after the retailer beat second-quarter earnings expectations and boosted its full-year estimates.Retailread more
Gluskin Sheff's David Rosenberg predicts one of the strongest parts of the U.S. economy will disappoint Wall Street and lead to a market meltdown.Futures Nowread more
Sanders' sweeping proposal would make it easier for workers to join unions and end the so-called right-to-work laws recently favored by the GOP.2020 Electionsread more
Germany has sold a 30-year bond with a 0% interest rate for the first time on Wednesday.Marketsread more
Morgan Stanley warns that "the wheels for a slowdown are in motion," adding that a slowdown in the manufacturing sector is spreading.Marketsread more
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
A decades-long conflict between India and Pakistan has escalated this week, with India reporting airstrikes against Pakistan.
Both are nuclear powers, and in addition to traditional military tactics, both have been engaged in an online war of words and damaging hacks for more than 20 years.
While countries like Russia, China and North Korea have often dominated the international landscape for their cyberattack capabilities, both India and Pakistan also have formidable government hacking programs, as well as populations with strong technology skills and access to hacking tools.
As far back as 1998, Pakistani hackers successfully penetrated India's Atomic Research Center. Pakistani groups have launched several successful "hacktivist" campaigns throughout the late 1990s and escalating through the 2000s to today. Hacktivism refers to cyberattacks fueled by an ideology, and usually involves taking over a popular government or media website and posting defacing messages on them to embarrass the rival party or spread a message.
Pakistani hackers have defaced Indian websites over disputes involving Kashmir and allegations of torture by the Indian government; Indian hackers have defaced Pakistani websites in retaliation, and began organized defacement campaigns in response to the 2008 Mumbai terrorist attacks, according to Zurich's Center for Security Studies.
In one attack in 2010, Pakistan successfully erased data from India's Central Bureau of Investigation. Frequently, both sides have attacked each other in response to incoming attacks, providing a track record in how quickly cyber conflict can escalate between the two countries.
Malware developed by Pakistan and hidden in specially crafted fake blogs and news sites can activate webcams, steal email and take screenshots of victims' computers, according to Proofpoint. India has developed sophisticated Android spying technology, capitalizing on the most popular mobile operating system in the region, according to Crowdstrike.
Citizens in both countries have also used social networking websites like Facebook and messaging programs like Facebook-owned Whatsapp to exacerbate the conflict. In incidents reported last year, rumors and false news forwarded en masse over Whatsapp in India led to mob-fueled murders in the country.
"While it is rarely discussed publicly, India and Pakistan have been embroiled in continuous offensive cyber and information operations against each other for years," tweeted Alex Stamos, Facebook's former chief security officer. "This might be a situation where that low-level invisible war becomes a destabilizing factor."
As the conflict has escalated, Indian and Pakistani media outlets have been frantically publishing how-to guides for citizens to help them discern fact from fiction on social media and messaging platforms: "Ignore Bulk Messages. If there's a message you've been receiving from multiple channels and contacts, there's a good chance it's a hoax," reads one guide from India's News 18 cable network. "Watch for Forwarded Labels. WhatsApp is clearly aware of the spread of fake news, and now labels forwarded messages."