How the G20 Summit Might Affect Security Technology

November 29, 2018

The G20 summit is coming to Argentina on Friday, and this could mean big news for the security industry, as President Donald Trump and Chinese leader Xi Jinping are expected to meet regarding the ongoing trade war between the two countries.

The U.S. and China have been going tit for tat imposing tariffs on one another, with Donald Trump telling the Wall Street Journal as recently as Monday that he may impose tariffs on an additional $267 billion of Chinese imports if no deal is reached. Tariffs on $200 billion of Chinese goods are already set to increase from 10 to 25 percent on Jan. 1. The Security Industry Association has identified 29 categories within the list of products seeing an increase in tariffs that could negatively affect the global security industry.

Read more about the potential effects of these tariffs, including commentary from security industry leaders, here.

Ransomware and the propulsion of the extortion economy has rapidly eclipsed into a national priority. Recently, we observed the catastrophic impact of a widescale ransomware attack impacting gas pipelines and raising national gas prices overnight.