25/08/2016 World Business Report

Now for the latest financial news with the World Business Report.

Google, Facebook, Twitter are accused of being the "lifeblood

of ISIS", that's the conclusion in a critical report

It calls on the tech giants to do more to tackle online extremism.

The boss of Thomas Cook tells us what are the latest trends

are in tourism as terrorism and instability rocks the industry.

Also in the programme, Rico Hizon reveals why Asian

companies are the mostly likely to be hacked and not notice.

But first, when does a business become more than just a business?

A damning new report says that companies like Facebook and Twitter

are "consciously failing" to prevent the use of their websites

According to the report, in 2014 Google removed over 14

million videos that were linked to terrorists, and Twitter had

suspended over 125,000 accounts between mid-2015 and February

Despite this, the committee describes the actions as only

In response to the report, Twitter points out that

that its efforts have been welcomed by numerous third parties,

including the Interior Minister of France.

Meanwhile, Facebook says that "Terrorists and the support

of terrorist activity are not allowed on Facebook".

The company went on to say that online extremism can only be tackled

with a strong partnership between policymakers,

civil society, academia and companies.

With me is Dr Erin Marie Saltman, Senior Counter Extremism Researcher,

the Institute for Strategic Dialogue.

Welcome. I understand that this group of politicians consulted with

you to a degree before putting the report together, but you have read

it and feel it is already out of date? It does seem out of date, and

what is unfortunate is that it does not seem to take into consideration

how much the UK government has evolved with these companies and how

much the international community has evolved. That is where we see

positive progress. It is not about doing more for the sake of doing

more. You need different sectors partnering together so that social

media companies understand the state of play with counterterrorism

efforts and that civil society gets involved to provide a credible voice

and counterculture to what we see. At the social media companies doing

enough? They could be doing more. They are definitely doing even a lot

more than they were two years ago. But they can't do more and have it

be as effective unless it is done well with other sectors. They don't

have the expertise in-house. Takedown is not just the answer. We

have seen that censorship alone are not only doesn't help but sometimes

works against us. Then we see the migration to less regulated, more

encrypted platforms, which means we lose people to encrypted networks

and we are not able to help. Censorship alone is not the answer.

It is not just about the Internet, either. It is not just an online

phenomenon, radicalisation. We have to work both online and off-line.

There is also a fine line between what we are talking about in terms

of extremism and unwelcome behaviour. How do you measure what

is termed as extremism and possibly terrorism, and what is just

unwelcome behaviour? That continues to be defined. Extremism does not

necessarily mean illegal. There is extremism that is not necessarily a

legal. We have seen at in some of the attacks recently, the

perpetrators have been arrested and not convicted. The government has an

issue in trying to define that concretely. You can understand why

social media companies struggle working in that grey area of legal

versus illegal speech. Yes, very interesting. The devil is in the

detail. There is a lot more on our website about this, so take a look

at that. Staying in the digital

domain, 520 days. According to a new study,

that's how long it takes for Asian companies to discover a data breach

in their computer systems. Rico Hizon is in our

Asia Business Hub in Singapore. Rico, this is pretty

shocking, isn't it? That is hard to believe? Yes,

unbelievable, right? Hackers can unroll the computer systems of Asian

companies and government officials for that long! Very concerning.

According to a study, hackers breach popular targets such as government,

education and energy companies, aerospace, defence and healthcare,

as well as financial institutions, those other favourites. Most

breaches never became public in the region because unlike markets with

greater security measures such as the United States, most governments

and governing bodies in the region lack effective breach disclosure

laws. Asian organisations are often unprepared to identify the attackers

because they lack the basic response process as well is the plans and

expertise. The bottomline is that you need to invest in Internet

security. Organisations that much of band together with -- organisations

must band together. It is all about money and investment to be able to

protect yourself these days. Thank you very much. It is often about

money and investment. There seems to be a theme around today's programme,

the worries of terrorism and security.

It's been a tough year for tour operators trying to provide

affordable holidays in Europe's traditional holiday destinations

despite a growing number of security alerts.

Speaking to BBC local radio, Thomas Cook CEO, Peter Frankhauser,

told Emily Unia how travel habits have changed.

In terms of destinations, this year we saw a massive shift. Two metre is

closed for us, we cannot fly there. In Egypt, Schar Mel Shaikh is still

closed. Turkey had a difficult time with the terrorist attacks. We also

moved a lot of our capacity. There have been some big upheavals in

Turkey, terrorist attacks and a failed military coup. How safe is it

really for people to be going now? -- Sharm el-Sheikh. We rely on the

intelligence services of the UK, and they tell us it is safe to go. As

long as they tell us that, we are offering the flights. At the end of

the season, we will have had about 1.8 million customers who still want

to go to Turkey. That is a lot. We took the decision, at first, to move

our capacity of seats. We cut that capacity in early January and moved

them into Spain. This is where we see, this year, the customer demands

is changing. Spain is very packed, so the whole industry had a problem

that the capacity was running out. Moving on to the Brexit, overall,

how has that upheaval affected business? We don't see any impact in

terms of customer demands so far. If you book with us, we are hedged on

fuel and till 2017, the same with currency. I don't think it will have

a big impact. The chief executive of Thomas Cook. A look at the markets

now. In other news: Shares for HP

are lower after the company gave a negative outlook

in its latest results. The company's revenues fell 3.8%

in the third quarter. Revenue from its computer business

was flat, while its printer business Its forecast for fourth-quarter

profits was below analysts' HP has slashed about

2,300 jobs this year. Janet Yellen will be speaking at the

annual federal reserve symposium on Friday. The markets are kind of in

wait-and-see mode. This is how it is going in the Asia region at the

moment. I'll see you