Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Operational Security

7/17/2018
07:00 AM
Scott Ferguson
Scott Ferguson
News Analysis-Security Now
50%
50%

ZTE Cleared to Return to Business After US Lifts Ban

Despite hefty fines and concerns about national security, ZTE is cleared to return to business after the US lifted its ban on selling components to the company.

After months of uncertainty, concerns about national security and some hefty fines, ZTE is now clear to return to business after the US reversed course on its component ban.

On Friday, July 13, the US Commerce Department announced that it would lift its ban against the company, which is known for its handsets and networking gear. The ban originally meant that ZTE could not obtain components from US suppliers -- effectively putting the company out of business.

However, the Trump Administration intervened in the ban, citing the large number of job losses that could have occurred if ZTE went under. In return, the company agreed to pay an additional fine of $1 billion, place another $400 million in accounts in case of another incident, and replace many of its executives. (See Trump Tweets Lifeline to ZTE.)

(Source: Wikipedia)\r\n\r\n
(Source: Wikipedia)\r\n\r\n

For years, ZTE, along with Huawei, have raised concerns in the US about national security, and whether the two China-based companies' networking equipment serves a dual purpose of helping China spy on companies.


Boost your understanding of new cybersecurity approaches at Light Reading's Automating Seamless Security event on October 17 in Chicago! Service providers and enterprise receive FREE passes. All others can save 20% off passes using the code LR20 today!

In the end, the Commerce Department charged ZTE with selling equipment to Iran and North Korea in violation of US sanctions imposed against those two countries. The Pentagon had previously banned the company's handsets from US bases. (See Pentagon, Citing Security, Will Stop Selling Huawei, ZTE Smartphones.)

The lifting of the US ban drove ZTE's stock higher on Monday.

However, not everyone in the US agrees about ZTE's return to business, including US Sen. Marco Rubio who told a reporter that the company should be closed for good.

For more information about ZTE and the US lifting its ban, please read additional coverage on our sister site Light Reading .

Related posts:

— Scott Ferguson is the managing editor of Light Reading and the editor of Security Now. Follow him on Twitter @sferguson_LR.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Edge-DRsplash-10-edge-articles
I Smell a RAT! New Cybersecurity Threats for the Crypto Industry
David Trepp, Partner, IT Assurance with accounting and advisory firm BPM LLP,  7/9/2021
News
Attacks on Kaseya Servers Led to Ransomware in Less Than 2 Hours
Robert Lemos, Contributing Writer,  7/7/2021
Commentary
It's in the Game (but It Shouldn't Be)
Tal Memran, Cybersecurity Expert, CYE,  7/9/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
How Enterprises Are Assessing Cybersecurity Risk in Today's Environment
The adoption of cloud services spurred by the COVID-19 pandemic has resulted in pressure on cyber-risk professionals to focus on vulnerabilities and new exposures that stem from pandemic-driven changes. Many cybersecurity pros expect fundamental, long-term changes to their organization's computing and data security due to the shift to more remote work and accelerated cloud adoption. Download this report from Dark Reading to learn more about their challenges and concerns.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-42791
PUBLISHED: 2022-01-28
An issue was discovered in VeridiumID VeridiumAD 2.5.3.0. The HTTP request to trigger push notifications for VeridiumAD enrolled users does not enforce proper access control. A user can trigger push notifications for any other user. The text contained in the push notification can also be modified. I...
CVE-2020-28884
PUBLISHED: 2022-01-28
Liferay Portal Server tested on 7.3.5 GA6, 7.2.0 GA1 is affected by OS Command Injection. An administrator user can inject Groovy script to execute any OS command on the Liferay Portal Sever.
CVE-2020-28885
PUBLISHED: 2022-01-28
Liferay Portal Server tested on 7.3.5 GA6, 7.2.0 GA1 is affected by OS Command Injection. An administrator user can inject commands through the Gogo Shell module to execute any OS command on the Liferay Portal Sever.
CVE-2022-0394
PUBLISHED: 2022-01-28
Cross-site Scripting (XSS) - Stored in Packagist remdex/livehelperchat prior to 3.93v.
CVE-2022-21720
PUBLISHED: 2022-01-28
GLPI is a free asset and IT management software package. Prior to version 9.5.7, an entity administrator is capable of retrieving normally inaccessible data via SQL injection. Version 9.5.7 contains a patch for this issue. As a workaround, disabling the `Entities` update right prevents exploitation ...