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Businesses Most at Risk for Internet Hacking

Career criminal Willie Sutton is credited with saying that he robbed banks, “because that’s where the money is,” and while Sutton later claimed to have never uttered that infamous line, he did say in his autobiography that criminals “go where the money is … and go there often.”

Unfortunately for many businesses, today’s Internet criminals seem to be going where the money is and they are, indeed, going there often—as the recent hacking of Sony’s PlayStation Network has proven. Cyber crime experts say that virtually all businesses online are targets.

“Money attracts criminals,” says Melih Abdulhayoglu, CEO of Comodo, the maker of antivirus and firewall solutions for business. “The financial industry continues to suffer a lot from cyber crime attacks.”

May 24, 2011
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Turkish Director Ceylan Brings Home Latest Cannes Honor

Turkish director Nuri Bilge Ceylan picked up another international award Sunday, winning the prestigious Cannes Film Festival’s Grand Jury Prize for his most recent work, “Bir Zamanlar Anadolu’da” (Once Upon a Time in Anatolia).

“Thank you for selecting my long and difficult movie one more time,” Ceylan said at the award ceremony, adding that he did not expect to win the prize.

“Screening it on the last day, I thought it would be too tiring for the jury,” the director said in a press conference following the announcement. “We thought that the jury members, press members and audiences would be tired and our film is one that is hard to watch.”

When asked if he felt burdened by a responsibility to present Turkish cinema to the world, Ceylan said, “Turkish cinema is changing for the better.”

May 24, 2011
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Japanese Partner for Abu Dhabi's Investment Bank's Turkey Trot

Invest AD, an investment bank owned by the Abu Dhabi Government, is teaming up with a Japanese company to launch a $100 million buyout fund focused on Turkey.

The joint venture between Invest AD and Japan's SBI Holdings will be the second for the two companies after they set up a $100m Africa fund last year. Each of the two parties will contribute $50m to the new Turkey fund, according to a statement.

"We're developing a strong long-term interest in Turkey, a strategically important country in the region which has seen robust economic growth in the last 10 years," said Nazem Fawwaz al Kudsi, the chief executive of Invest AD.

Invest AD already has an interest in Turkey through its existing private equity funds. The company in 2009 bought part of EKOL Logistics, which handles shipments of goods between Turkey and Europe.

May 24, 2011
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Turkish Chamber Wants 'Mutual Benefit'

Alp Levent, executive director of Turkish American Chamber of Commerce of the Southeast Tennessee, right, talks with Dr. Millicent Gray Lownes-Jackson at the grand opening of the Turkish American Chamber of Commerce's Nashville office., Jae S. Lee, The Tennessean

Turkish-Americans are hoping to build a bridge between Middle Tennessee and Turkish businesses with a new chamber of commerce that targets companies and students.

“This chamber is to increase interaction among businesses and educational institutions in Tennessee and Turkey. Our goal is to facilitate commerce and relationships,” said Murat Arik, chairman of the chamber’s advisory board. “We are different and have a much broader focus than traditional chambers that represent local businesses. We are looking to organize business trips and coordinate business match-making and bring business students to the table.”