Saturday, April 28, 2012

PCCW (008) Bugging calls?

This can't be true... in the local news.

PCCW being a carrier will have access to ALL calls on their network, even calls over the GSM network as encryption is only over the air. End to end encryption is required if secure communications is required.


"Sunday, Ming Pao Daily
Telecoms operator PCCW (SEHK: 0008) provides anti-eavesdropping service


Telecoms operator PCCW has an anti-eavesdropping service team. Reporters inquired about the service and a staff member revealed the service team, consisting of more than 10 people, was founded more than 10 years ago, originally to serve boss Richard Li Tzar-kai, who needed anti-eavesdropping measures to protect big business deals. The team was later expanded and the service offered to clients such as multinational companies, real-estate developers, casinos and media companies. The staff member said people who wanted to avoid being victims of eavesdropping should use low-end, "non-smart" mobile phones."

Wednesday, April 25, 2012

HKex investigating some China companies

This article says 3 "private" companies are being investigated and goes on to mention Chaoda, Realgold, China Forestry and Boshiwa,  but doesn't definitively name which companies are being investigated. There is no mention at all on HKex's web site.

It's a start but three companies is a drop in the ocean of fraud on the HKex (where's First Natural?) and it remains to be seen what real penalties can be imposed by the HKex on the mainland based directors who just thumb their noses at the HKex across the border and disappear with the loot.