Tsunami, Financial, Core, Crypto, Strategic, Observation

This week, we begin with investigation of 2.94 terabytes of data leak, exposing politicians & billionaires from more than 200 countries & territories. Next, we have a piece on Biden government’s decision about acquiring private financial data of people for identifying tax evaders. The following article discusses China’s new draft on Data Security Law that described ordinary, important & core data. Following that, we have an article on the growth of crypto assets & challenges to financial stability. Next is a piece about the UK’s MoD’s focus on advantages of data in defense & its decision of treating data as the strategic asset next to people. Finally, we have an article on the access to Earth Observation (EO) data and the need & economic benefits of the same.

Pandora Papers: An Offshore Data Tsunami

A 2.94 terabyte data trove exposes the offshore secrets of wealthy elites from more than 200 countries and territories. These are people who use tax and secrecy havens to buy property and hide assets; many avoid taxes and worse. They include more than 330 politicians and 130 Forbes billionaires, as well as celebrities, fraudsters, drug dealers, royal family members and leaders of religious groups around the world.

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Watch Out: Biden Wants Your Private Financial Data

American freedoms as we know them are being eliminated day by day. The Biden administration has taken its big government overreach right into the heart of each state across America. The liberal, progressive agenda is growing reliance on government, while forcing Americans to leave behind their individual liberties, including their right to privacy. 

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China Drafts New Data Measures, Defines ‘Core Data’

China published new draft measures on Thursday aimed at bolstering its new data security law, including definitions of what it considered “core” and “important” data. China implemented the Data Security Law on September 1 which requires all companies in China to classify the data they handle into several categories and governs how such data is stored and transferred to other parties.

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Rapid Growth And Increasing Adoption Of Crypto Assets Pose Financial Stability Challenges: IMF

The rapid growth of the crypto ecosystem presents new opportunities, the IMF has said but also cautioned that the digital currency assets pose financial stability challenges. Cryptocurrencies are digital or virtual currencies in which encryption techniques are used to regulate the generation of their units and verify the transfer of funds, operating independently of a central bank.

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In The UK, Data Is Now A “Strategic Asset Second Only To People”

The UK Government has decided on a set of goals and strategies over the next four years in which data will be treated as an asset,  playing a central role in overall defense decision-making and efficiency improvement. The end goal is to ensure data is treated —  fast and at scale — as a “strategic asset, second only to people.” 

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Unlocking The Benefits Of Earth Observation Data For All

We may not always realize it, but every day, we depend on earth observation data. Choosing the best routes, locating hospitals, and receiving weather updates are all thanks to earth observation. Earth observation (EO) entails measuring the Earth’s natural and man-made environments to assess their status and track changes. Balloons, airplanes, ships, floats, drones, and satellites are a few platforms used for data collection. 

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Source: https://mailchi.mp/zigram/data-asset-weekly-dispatch_04_october_1

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