Robotic Falcon Maker Loses £100,000 to Cyber Criminals

Illustrative: In this June 16, 2013 file photo, users browse the Internet in an underground station in Hong Kong. (AP)
Illustrative: In this June 16, 2013 file photo, users browse the Internet in an underground station in Hong Kong. (AP)
TT

Robotic Falcon Maker Loses £100,000 to Cyber Criminals

Illustrative: In this June 16, 2013 file photo, users browse the Internet in an underground station in Hong Kong. (AP)
Illustrative: In this June 16, 2013 file photo, users browse the Internet in an underground station in Hong Kong. (AP)

Entrepreneur John Donald sells robotic falcons around the world but still can’t believe that he fell victim to cyber-crime during the coronavirus pandemic.

The tech-savvy grandfather said he was targeted by fraudsters when his family business was struggling to cope with a 95% fall in its turnover.

The 72-year-old was deeply suspicious but eventually caved in to their demands and transferred nearly £100,000 to a fake bank account.

He told BBC Scotland: “When my wife came through the door just at the end of this process, she thought I was having a nervous breakdown. It was very, very stressful. I wouldn't wish it on anybody.”

New figures released by Police Scotland show there has been a 68% increase in fraud since 2018, with 17,000 cases recorded last year - the vast majority online.

Senior officers at Police Scotland believe cyber-crime is massively under-reported and the latest figures represent the tip of the iceberg.

It has become such a challenge that the detection rate for fraud has halved in recent years and now stands at roughly 16% of cases.

Police Scotland is investing an additional £4.3m in its cyber-crime strategy to buy new equipment and provide training for all of its operational officers.

The force has also drawn up a protocol to ensure its use of new technology is ethically sound.



Oracle to Invest $6.5 Bn in Malaysian Cloud Services Region

(FILES) US multinational computer technology company Oracle's logo is pictured at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. (Photo by PAU BARRENA / AFP)
(FILES) US multinational computer technology company Oracle's logo is pictured at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. (Photo by PAU BARRENA / AFP)
TT

Oracle to Invest $6.5 Bn in Malaysian Cloud Services Region

(FILES) US multinational computer technology company Oracle's logo is pictured at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. (Photo by PAU BARRENA / AFP)
(FILES) US multinational computer technology company Oracle's logo is pictured at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. (Photo by PAU BARRENA / AFP)

Tech giant Oracle on Wednesday said it plans to invest more than $6.5 billion on cloud services data centers in Malaysia, joining a list of US titans rushing to build up their AI infrastructure in Southeast Asia.

The firm said the cloud region would help organizations in the country modernize their applications, migrate their workload to the cloud and innovate with data, analytics and artificial intelligence.

Oracle is working to expand its cloud infrastructure business globally. The company recently projected it will surpass $100 billion in revenue in fiscal 2029, driven by increasing demand for cloud services.

Malaysia's new cloud region will be the firm's third in Southeast Asia, following two facilities in neighboring Singapore.

"Malaysia offers unique growth opportunities for organizations looking to accelerate their expansion with the latest digital technologies," Garrett Ilg, Oracle's executive vice president for Japan and Asia Pacific, said in a statement.

"Our multi-billion-dollar investment affirms our commitment to Malaysia as a regional gateway for cloud infrastructure as well as a comprehensive suite of software as a service applications deployed within Malaysia."

The statement also quoted Malaysia's Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz as welcoming the investment, saying it would help firms with innovative and cutting-edge AI and cloud technologies to boost their global competitiveness.

"Oracle's decision to establish a public cloud region in Malaysia underscores Malaysia's infrastructure readiness, and its growing position as a premier Southeast Asian destination for digital investments," he added.

Oracle is the latest global tech giant to announce major digital investments in Southeast Asia. Google-parent Alphabet said in May it would invest $2 billion to house the firm's first data center in Malaysia.

Google on Monday said it plans to invest $1 billion to build digital infrastructure in Thailand, including a new data center.

Amazon and Microsoft have also announced investments worth billions of dollars in the region as demand for AI hots up.

Malaysian Prime Minister Anwar Ibrahim on Tuesday announced that the country plans to develop a National Cloud Policy.