28/11/2016 World Business Report

An end to the 35-hour week and huge cuts to the public sector -

the odds on favourite to become Frances next President says he wants

Move over Black Friday - here comes Cyber Monday and with it

we have the latest on a growing global problem.

Welcome to World Business Report I'm Sally Bundock.

Also in the programme we'll be bringing you news of a hacking

ransom that's bought parts of the San Francisco transport

The former French Prime Minister, Francois Fillon, has become

the centre-right Republican Party's candidate for next year's

Mr Fillon won the nomination with a liberal economic programme

which includes cuts to public services and freeing up

He wants to cut half a million public sector jobs over 5 years,

in an austerity drive to cut public spending by 100 billion euro

He also wants to end the 35-hour week, to allow staff to work up

Other policies include raising the retirement age

Mr Fillon also plans to scrap the French wealth tax

which is currently levied on anyone with assets of more than

He is now favourite to win the presidency in the Spring of next

year - addressing a cheering crowd of supporters, the former prime

minister promised to build a fairer society for all French people.

TRANSLATION: I began might path three years ago, listening to the

French people, it might policies, high values and slowly I became

aware of a wave of respondents that swept away everything people had

been dead. My message is simple, France will not be torn apart,

France wants honesty. The current five-year presidency which is coming

to an end has been pathetic. It is time to start leading again from the

front, in a way we've not done for three decades. A lot more on that on

our website. Black friday is so last week -

the discount bonanza may have only have been 2 days ago but retailers

have already moved on because today Online retailers are expected

to slash prices as shoppers log on in search of a bargain

but while billons of dollars in transactions will be taking

place, criminals will also be ratcheting up their efforts to get

access to your account details. Experts are warning that there

could be as many as six and half million cyber attacks from Friday

to Monday as bank cards The increased traffic means that

it's easier for hackers to make purchases on your account

without you or your bank knowing. Globally, predictions for attacks

during this busy shopping week And it's important to stay vigilant

in the run up to Christmas - last year 76 million transactions

were blocked because they were fraudulent in the three month lead

up to the holiday - Joining me to discuss this

is David Mole, the Head of Retail, Good to see you. Good morning. How

big a deal is Cyber Monday because I know personally I have had so many

details to shop online. It is one of the biggest online retail days for

most retailers globally. Certainly, cyber crime is on the increase.

Research shows 13% of consumers have experienced some online fraud in the

past 12 months. That is only growing year after year, particularly around

Black Friday and Cyber Monday. In the UK, a third of people have

experienced financial fraud at least once and two thirds have experienced

it more than once. So the numbers are quite high. Eight out of ten

would not know how to spot a scam or fake websites are people need to be

more aware especially during this shopping period. What are the red

flags? A few basic ones. If a deal is too good to be true, it probably

is. A lot of cyber-criminals set up pages and they will set up and

replicate branded websites or they may take a completely fake website

and rent it with names we have never seen before output deals in that

attract us as consumers. We are so eager to get these deals, we have

seen the media hype, the retailers spend a fortune on marketing and we

are drawn into these deals and risk to be compromised. Just slow down,

stop and think and analyse what you are looking at. If you are a victim,

what do you do? Contact your bank, your retailer and do it as quickly

as possible. They will take you through the steps. As consumers and

shoppers - this is not specific to this time of the year - cyber crime

is increasing. Particularly financial fraud. There are a few

things consumers can do to be aware and if a deal is too good to be

true, it is too good to be true. Make sure you have security

installed. Thank you so much for coming in and sharing that advice.

It is all was good but particularly the day on Cyber Monday.

In other cyber crime news, hackers have compromised the system

which runs San Francisco's trams and buses.

The hacking group is said to be demanding $73k in ransom money

with a deadline, although it's not clear what that deadline is.

Our North America Technology Reporter has the details

In San Francisco, the public transport here trains, buses, even

the iconic cable cars are run by this company. Nothing was disrupted

but it will still be a troubling day to officials. They are attacking

ransom were which you can put on in even one computer and will demand a

fee to have things unblocked after they lock them up. Were talking

about $70,000. The company says no customer information has been access

by the hacker and it should really have backup of these files. But

there are still a couple of questions that remain. Firstly, if

the attacker has this information, they could sell it on the black

market they could be employee details, payroll information. Also,

if it was able to attack the system, it still may have access to it.

In other news: Lufthansa pilots say they will strike again on Tuesday

and Wednesday after weekend talks failed to resolve a long-running

The pilots' union said the walkout would affect short-haul flights

on Tuesday, and both short and long-haul flights on Wednesday.

Around 350,000 passengers were affected

by last week's four-day stoppage which involved nearly 2,800

Messi eaters alongside moaning are among the biggest workplace

irritations. Sometimes suggest some habits suggest workers lose 22

minute of an individual day. Any hearing now? He is so noisy! Japan

is down just slightly. I really mixed day. Not strong for the US

because they had a quiet end to their weak because of Thanksgiving.

This week is focused on the US with a lot of economic news coming out of

the US which will play a big role to the next Fed meeting in the middle

of December. I will see you soon. The growing workload pressures faced

by GPs in England poses a threat