Cyber attacks threaten South Korean nuclear safety

2015 ◽  
Keyword(s):  
Cyber Security ◽  
Nuclear Power ◽  
The United States ◽  
Public Perceptions ◽  
Cyber Attacks ◽  
Power Sector ◽  
South Korean Government ◽  
Content Type ◽  
South Korean ◽  
The Impact

Subject Cyber security in South Korea's civil nuclear power sector. Significance Korea Hydro & Nuclear Power (KHNP) became the victim of sustained cyber attacks beginning in early December, and admitted on December 30 that the intrusions were still underway. President Park Geun-hye on December 23 called the attacks a grave matter for national security. KHNP and the South Korean government now face strong pressure to close down the cyber attacks, bring the perpetrators to justice and offer a public accounting of how the breaches could have occurred. Impacts North Korea has not been blamed, but will feature in policy discussion nevertheless. That the attacks happened so soon after those on Sony Pictures is a coincidence, but will magnify the impact. The attacks will feed public perceptions that nuclear power is dangerous, emboldening anti-nuclear activists. The company's and government's responses will feed perceptions that lax regulation and lack of transparency are pervasive in South Korea. The United States, China, Japan and some EU countries will become more directly involved in Korean cyber issues.

China-US mistrust threatens cyber security

2015 ◽  
Keyword(s):  
Cyber Security ◽  
Bargaining Power ◽  
The United States ◽  
Cyber Attacks ◽  
Content Type ◽  
Governance Regime ◽  
Chinese Policy ◽  
Cyber Space ◽  
The Hague ◽  
Global Conference

Subject China and the global internet governance regime. Significance Cyber security was a leading topic at the Global Conference on Cyberspace that took place on April 16-17 in The Hague. As online tensions escalate and cyber attacks grow in prevalence, the direction of Chinese policy will be crucial in determining the future of the global internet. At the same time, the United States has lost much political capital and bargaining power. Impacts China may try to establish alternative internet structures and systems. China's conception of national sovereignty will hold back the cooperation procedures necessary to manage cyber space incidents. Without international cooperation, countries and companies may seek to retaliate against cyber attacks rather than merely ward them off.

The impact of counterfeit risk management on healthcare supply chain performance: an empirical analysis

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mauro Falasca ◽  
Scott Dellana ◽  
William J. Rowe ◽  
John F. Kros
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
The United States ◽  
Equation Modeling ◽  
Significant Positive Effect ◽  
Healthcare Organizations ◽  
Content Type ◽  
Overall Performance ◽  
The Impact ◽  
Positive Effect

PurposeThis study develops and tests a model exploring the relationship between supply chain (SC) counterfeit risk management and performance in the healthcare supply chain (HCSC).Design/methodology/approachIn the proposed theoretical model, HCSC counterfeit risk management is characterized by HCSC counterfeit risk orientation (HCRO), HCSC counterfeit risk mitigation (HCRM) and HCSC risk management integration (HRMI), while performance is represented by healthcare logistics performance (HLP) and healthcare organization overall performance (HOP). Partial least squares structural equation modeling (PLS-SEM) and survey data from 55 HCSC managers are used to test the research hypotheses.FindingsHCRO has a significant positive effect on HCRM, while HCRM has a positive impact on HRMI. With respect to HLP, HCRM has a nonsignificant effect, while HRMI has a significant impact, thus confirming the important mediating role of HRMI. Finally, HLP has a significant positive effect on the overall performance of healthcare organizations.Research limitations/implicationsAll study participants were from the United States, limiting the generalizability of the study findings to different countries or regions. The sample size employed in the study did not allow the authors to distinguish among the different types of healthcare organizations.Originality/valueThis study delineates between a healthcare organization's philosophy toward counterfeiting risks vs actions taken to eliminate or reduce the impact of counterfeiting on the HCSC. By offering firm-level guidance for managers, this study informs healthcare organizations about addressing the challenge of counterfeiting in the HCSC.

Does the second wave of COVID-19 undermine corporate immunity? International evidence

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Huy Viet Hoang ◽  
Cuong Nguyen ◽  
Khanh Hoang
Keyword(s):  
Stock Returns ◽  
Stock Price ◽  
Fixed Effects ◽  
Management Strategies ◽  
The United States ◽  
Least Square ◽  
Content Type ◽  
The Impact ◽  
Second Wave ◽  
Practical Implications

PurposeThis study compares the impact of the COVID-19 pandemic on stock returns in the first two waves of infection across selected markets, given built-in corporate immunity before the global outbreak.Design/methodology/approachThe data are collected from listed firms in five markets that have experienced the second wave of COVID-19 contagion, namely the United States (US), Australia, China, Hong Kong and South Korea. The period of investigation in this study ranges from January 24 to August 28, 2020 to cover the first two COVID-19 waves in selected markets. The study estimates the research model by employing the ordinary least square method with fixed effects to control for the heterogeneity that may confound the empirical outcomes.FindingsThe analysis reveals that firms with larger size and more cash reserves before the COVID-19 outbreak have better stock performance under the first wave; however, these advantages impede stock resilience during the second wave. Corporate governance practices significantly influence stock returns only in the first wave as their effects fade when the second wave emerges. The results also suggest that in economies with greater power distance, although stock price depreciation was milder in the first wave, it is more intense when new cases again surge after the first wave was contained.Practical implicationsThis paper provides practical implications for corporate managers, policymakers and governments concerning crisis management strategies for COVID-19 and future pandemics.Originality/valueThis study is the first to evaluate built-in corporate immunity before the COVID-19 shock under successive contagious waves. Besides, this study accentuates the importance of cultural understanding in weathering the ongoing pandemic across different markets.

Bankruptcy filings, flooding, real estate prices and Leading Index

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Billie Ann Brotman
Keyword(s):  
Housing Prices ◽  
The United States ◽  
Flood Insurance ◽  
Single Family ◽  
Personal Bankruptcy ◽  
Content Type ◽  
Independent Variables ◽  
Flooding Event ◽  
Flooding Events ◽  
The Impact

PurposeFlood damage to uninsured single-family homes shifts the entire burden of costly repairs onto the homeowner. Homeowners in the United States and in much of Europe can purchase flood insurance. The Netherlands and Asian countries generally do not offer flood insurance protection to homeowners. Uninsured households incur the entire cost of repairing/replacing properties damaged due to flooding. Homeowners’ policies do not cover damage caused by flooding. The paper examines the link between personal bankruptcy and the severity of flooding events, property prices and financial condition levels.Design/methodology/approachA fully modified ordinary least squares (FMOLS) regression model is developed which uses personal bankruptcy filings as its dependent variable during the years 2000 through 2018. This time-series model considers the association between personal bankruptcy court filings and costly, widespread flooding events. Independent variables were selected that potentially act as mitigating factors reducing bankruptcy filings.FindingsThe FMOLS regression results found a significant, positive association between flooding events and the total number of personal bankruptcy filings. Higher flooding costs were associated with higher bankruptcy filings. The Home Price Index is inversely related to the bankruptcy dependent variable. The R-squared results indicate that 0.65% of the movement in the dependent variable personal bankruptcy filings is explained by the severity of a flooding event and other independent variables.Research limitations/implicationsThe severity of the flooding event is measured using dollar losses incurred by the National Flood Insurance program. A macro-case study was undertaken, but the research results would have been enhanced by examining local areas and demographic factors that may have made bankruptcy filing following a flooding event more or less likely.Practical implicationsThe paper considers the impact of the natural disaster flooding on bankruptcy rates filings. The findings may have implications for multi-family properties as well as single-family housing. Purchasing flood insurance generally mitigates the likelihood of severe financial risk to the property owner.Social implicationsNatural flood insurance is underwritten by the federal government and/or by private insurers. The financial health of private property insurers that underwrite flooding and their ability to meet losses incurred needs to be carefully scrutinized by the insured.Originality/valuePrior studies analyzing the linkages existing between housing prices, natural disasters and bankruptcy used descriptive data, mostly percentages, when considering this association. The study herein posits the same questions as these prior studies but used regression analysis to analyze the linkages. The methodology enables additional independent variables to be added to the analysis.

scholarly journals Fuzzy-Based Symmetrical Multi-Criteria Decision-Making Procedure for Evaluating the Impact of Harmful Factors of Healthcare Information Security

Symmetry ◽  
2020 ◽  
Vol 12 (4) ◽  
pp. 664 ◽  
Author(s):  
Rajeev Kumar ◽  
Abhishek Kumar Pandey ◽  
Abdullah Baz ◽  
Hosam Alhakami ◽  
Wajdi Alhakami ◽  
...  
Keyword(s):  
Decision Making ◽  
Information Security ◽  
Information Management ◽  
Cyber Security ◽  
Cyber Attacks ◽  
Multi Criteria Decision Making ◽  
Local Hospital ◽  
Healthcare Information ◽  
Security Breaches ◽  
The Impact

Growing concern about healthcare information security in the wake of alarmingly rising cyber-attacks is being given symmetrical priority by current researchers and cyber security experts. Intruders are penetrating symmetrical mechanisms of healthcare information security continuously. In the same league, the paper presents an overview on the current situation of healthcare information and presents a layered model of healthcare information management in organizations. The paper also evaluates the various factors that have a key contribution in healthcare information security breaches through a hybrid fuzzy-based symmetrical methodology of AHP-TOPSIS. Furthermore, for assessing the effect of the calculated results, the authors have tested the results on local hospital software of Varanasi. Tested results of the factors are validated through the comparison and sensitivity analysis in this study. Tabulated results of the proposed study propose a symmetrical mechanism as the most conversant technique which can be employed by the experts and researchers for preparing security guidelines and strategies.

scholarly journals Comparison and Evaluation of Domestic and Foreign Radiation Environmental Standards for Nuclear Power Plants

2021 ◽  
Vol 2083 (2) ◽  
pp. 022020
Author(s):  
Jiahuan Yu ◽  
Xiaofeng Zhang
Keyword(s):  
Power Plant ◽  
Nuclear Power Plant ◽  
Nuclear Power ◽  
Power Plants ◽  
Nuclear Power Plants ◽  
The United States ◽  
Discharge System ◽  
Radioactive Effluent ◽  
Effluent Discharge ◽  
The Impact

Abstract With the development of the nuclear energy industry and the increasing demand for environmental protection, the impact of nuclear power plant radiation on the environment has gradually entered the public view. This article combs the nuclear power plant radiation environmental management systems of several countries, takes the domestic and foreign management of radioactive effluent discharge from nuclear power plants as a starting point, analyses and compares the laws and standards related to radioactive effluents from nuclear power plants in France, the United States, China, and South Korea. In this paper, the management improvement of radioactive effluent discharge system of Chinese nuclear power plants has been discussed.

scholarly journals Sekuritisasi China Fine Dust oleh Pemerintah Korea Selatan terhadap Tiongkok

2021 ◽  
Vol 2 (2) ◽  
pp. 111-141
Author(s):  
Eryolanda Putri Nabila
Keyword(s):  
South Korea ◽  
Analytical Framework ◽  
Political Agenda ◽  
Fine Dust ◽  
Literature Study ◽  
South Korean Government ◽  
The Public ◽  
South Korean ◽  
Political Management ◽  
The Impact

China Fine Dust issue has emerged in 2013 and increase in 2014 so that South Korea suffered from the impact. Meanwhile, China as a contributor of the haze refuses to take responsibility for tackling this issue, so that South Korea must securitize. This study aims to describe the process of securitization of China Fine Dust issue carried out by South Korea to China by using the concept of securitization by Barry Buzan as an analytical framework. The research method used is a qualitative method with a descriptive approach. The data used in this research was collected through literature study. The securitization process carried out by the South Korean Government against China began with South Korea carrying out a scientific agenda to identify a threat with China's initial involvement of 48%. Then political agenda, which are three points; influencing the public to gain support, forming a domestic emergency policy, holding a bilateral meeting to convince China to work together because domestic actions are not enough yet. The continuation of political management shows that the agenda of securitization carried out by South Korea made China accept the issue as a threat and agreed to cooperate in tackling the haze issue by releasing several projects.

scholarly journals The Role of Electric Power Sector in China’s Global Economic Expansion

2019 ◽  
Vol 12 (6) ◽  
pp. 188-202
Author(s):  
R. A. Epikhina
Keyword(s):  
Developing Countries ◽  
Best Management Practices ◽  
Nuclear Power ◽  
Management Practices ◽  
Power Transmission ◽  
Developed Countries ◽  
Electricity Sector ◽  
Power Sector ◽  
Economic Expansion ◽  
The Impact

The article discusses some of the major characteristics and trends of China’s economic expansion in the global power industry. It argues that by investing in electricity infrastructure China creates prerequisites for long-term dominance in one of the key sectors in a number of countries and regions. Deals in the power sector are mainly implemented by state-owned companies and facilitated by state-owned financial institutions. In terms of structure and geography, foreign investment in the electricity sector is dominated by traditional types of generation in developing countries. However, China has been diversifying into renewables, nuclear power and grids and entering markets of the developed countries. The creation of a special international organization (GEIDCO) should facilitate its expansion in the electricity sector abroad. It is worth noting that foreign economic expansion plays an important role in supporting China’s slowing economy amid the transformation of its growth model. It allows China to adopt advanced technologies and best management practices in developed countries while forming alternative value chains, as well as promoting its own equipment and standards (especially in ultra-high voltage power transmission) in the developing countries. However, given the impact of the trade war, increasing securitization of the Chinese foreign investments, Chinese authorities’ control over capital outflows and the rising environmental concerns in developing countries, further expansion of the Chinese capital in the global electricity industry is likely to be held back, while competition from non-Chinese electricity companies is likely to grow.

Income and healthcare financing system in the United States: an asymmetric analysis

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mehdi Barati ◽  
Hadiseh Fariditavana
Keyword(s):  
The United States ◽  
Set Covering ◽  
Healthcare Financing ◽  
Financing System ◽  
Data Set ◽  
Content Type ◽  
Funding Sources ◽  
Distributed Lag ◽  
The Impact ◽  
The Relationship

PurposeThe purpose of this study is to first assess how the US healthcare financing system is influenced by income variation. Then, it examines whether or not the impact of income variation is asymmetric.Design/methodology/approachFor the analyses of this paper, the autoregressive distributed lag (ARDL) model is implemented to a data set covering the period from 1960 to 2018.FindingsThe results provide evidence that major funding sources of aggregate healthcare expenditure (HCE) respond differently to changes in income. The results also imply that the effect of income is not always symmetric.Originality/valueMany studies have attempted to identify the relationship between income and HCE. A common feature of past studies is that they have only focused on aggregate HCE, while one might be interested in knowing how major funders of aggregate HCE would be affected by changes in income. Another common feature of past studies is that they have assumed that the relationship between income and HCE is symmetric.

Cyber Security Assessment of NPP I&C Systems

2020 ◽  
pp. 221-238
Author(s):  
Oleksandr Klevtsov ◽  
Artem Symonov ◽  
Serhii Trubchaninov
Keyword(s):  
Control Systems ◽  
Cyber Security ◽  
Nuclear Power ◽  
Power Plants ◽  
Cyber Attacks ◽  
Security Assessment ◽  
Nuclear Facilities ◽  
Security Risks ◽  
Cyber Threats ◽  
And Control

The chapter is devoted to the issues of cyber security assessment of instrumentation and control systems (I&C systems) of nuclear power plants (NPP). The authors examined the main types of potential cyber threats at the stages of development and operation of NPP I&C systems. Examples of real incidents at various nuclear facilities caused by intentional cyber-attacks or unintentional computer errors during the maintenance of the software of NPP I&C systems are given. The approaches to vulnerabilities assessment of NPP I&C systems are described. The scope and content of the assessment and periodic reassessment of cyber security of NPP I&C systems are considered. An approach of assessment to cyber security risks is described.

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