Major cyberattack sweeps globe, India affected, Jawaharlal Nehru Port in Mumbai hit

Agencies
June 28, 2017

New Delhi, Jun 28: A major global cyber attack on Tuesday disrupted computers at Russia's biggest oil company, Ukrainian banks and multinational firms with a virus similar to the ransomware that last month infected more than 300,000 computers.

cyberattack

India was also among the countries affected by the ransomware with the country's largest port Jawaharlal Nehru Port Trust in Mumbai shutting down operations at one of its three terminals.

News agency reported that operations at one of the three terminals of the country's largest container port were impacted as a fallout of the global ransomware attack, which crippled some central banks and many large corporations in Europe.

The rapidly spreading cyber extortion campaign underscored growing concerns that businesses have failed to secure their networks from increasingly aggressive hackers, who have shown they are capable of shutting down critical infrastructure and crippling corporate and government networks.

It included code known as "Eternal Blue," which cyber security experts widely believe was stolen from the US National Security Agency (NSA) and was also used in last month's ransomware attack, named "WannaCry."

"Cyber attacks can simply destroy us," said Kevin Johnson, chief executive of cyber security firm Secure Ideas. "Companies are just not doing what they are supposed to do to fix the problem."

The ransomware virus crippled computers running Microsoft Corp's Windows by encrypting hard drives and overwriting files, then demanded USD300 in bitcoin payments to restore access. More than 30 victims paid into the bitcoin account associated with the attack, according to a public ledger of transactions listed on blockchain.info.

Microsoft said the virus could spread through a flaw that was patched in a security update in March.

"We are continuing to investigate and will take appropriate action to protect customers," a spokesman for the company said, adding that Microsoft antivirus software detects and removes it.

RUSSIA AND UKRAINE MOST AFFECTED

Russia and Ukraine were most affected by the thousands of attacks, according to security software maker Kaspersky Lab, with other victims spread across countries including Britain, France, Germany, Italy, Poland and the United States. The total number of attacks was unknown.

Security experts said they expected the impact to be smaller than WannaCry since many computers had been patched with Windows updates in the wake of WannaCry last month to protect them against attacks using Eternal Blue code.

Still, the attack could be more dangerous than traditional strains of ransomware because it makes computers unresponsive and unable to reboot, Juniper Networks said in a blog post analyzing the attack.

Researchers said the attack may have borrowed malware code used in earlier ransomware campaigns known as "Petya" and "GoldenEye".

Following last month's attack, governments, security firms and industrial groups aggressively advised businesses and consumers to make sure all their computers were updated with Microsoft patches to defend against the threat.

The US Department of Homeland Security said it was monitoring the attacks and coordinating with other countries. It advised victims not to pay the extortion, saying that doing so does not guarantee access will be restored.

In a statement, the White House National Security Council said there was currently no risk to public safety. The United States was investigating the attack and determined to hold those responsible accountable, it said.

The NSA did not respond to a request for comment. The spy agency has not publicly said whether it built Eternal Blue and other hacking tools leaked online by an entity known as Shadow Brokers.

Several private security experts have said they believe Shadow Brokers is tied to the Russian government, and that the North Korean government was behind WannaCry. Both countries' governments deny charges they are involved in hacking.

'DON'T WASTE YOUR TIME'

The first attacks were reported from Russia and Ukraine.

Russia's Rosneft, one of the world's biggest crude producers by volume, said its systems had suffered "serious consequences," but added oil production had not been affected because it switched over to backup systems.

Ukrainian Deputy Prime Minister Pavlo Rozenko said the government's computer network went down and the central bank reported disruption to operations at banks and firms including the state power distributor.

Danish shipping giant AP Moller-Maersk said it was among the victims, reporting outages at facilities including its Los Angeles terminal.

WPP, the world's largest advertising agency, said it was also infected. A WPP employee who asked not to be named said that workers were told to shut down their computers: "The building has come to a standstill."

A Ukrainian media company said its computers were blocked and it was asked to pay USD300 in the crypto-currency bitcoin to regain access.

"Perhaps you are busy looking for a way to recover your files, but don't waste your time. Nobody can recover your files without our decryption service," the message said, according to a screenshot posted on Ukraine's Channel 24.

Russia's central bank said there were isolated cases of lenders' IT systems being infected. One consumer lender, Home Credit, had to suspend client operations.

Other companies that identified themselves as victims included French construction materials firm Saint Gobain , US drugmaker Merck & Co and Mars Inc's Royal Canin pet food business.

JNPT AFFECTED

India-based employees at Beiersdorf, makers of Nivea skin care products, and Reckitt Benckiser, which owns Enfamil and Lysol, told Reuters the ransomware attack had impacted some of their systems in the country.

AP Moller-Maersk, one of the affected entities globally, operates the Gateway Terminals India (GTI) at JNPT, which has a capacity to handle 1.8 million standard container units.

"We have been informed that the operations at GTI have come to a standstill because their systems are down (due to the malware attack). They are trying to work manually," a senior JNPT official said tonight.

The official explained that JNPT is trying to help the company, but there is little that others can do as the problem s with the systems.

Fearing some clogging up of cargo, additional parking space is being made available, the official said, promising to help in any way that is possible.

Western Pennsylvania's Heritage Valley Health System's entire network was shut down by a cyber attack on Tuesday, according to local media reports.

WANNACRY

Last's month's fast-spreading WannaCry ransomware attack was crippled after a 22-year-old British security researcher Marcus Hutchins created a so-called "kill switch" that experts hailed as the decisive step in slowing the attack.

Security experts said they did not believe that the ransomware released on Tuesday had a kill switch, meaning that it might be harder to stop.

Ukraine's cyber police said on Twitter that a vulnerability in software used by MEDoc, a Ukrainian accounting firm, may have been an initial source of the virus, which researchers including cyber intelligence firm Flashpoint said could have infected victims via an illegitimate software update.

In a Facebook post, MEDoc confirmed it had been hacked but denied responsibility for originating the attack.

An adviser to Ukraine's interior minister said earlier in the day that the virus got into computer systems via "phishing" emails written in Russian and Ukrainian designed to lure employees into opening them.

According to the state security agency, the emails contained infected Word documents or PDF files as attachments.

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News Network
March 5,2020

Bharuch, Mar 5: Vijay Kumar, a resident of the Tamil Nadu has sought help from his friend Abdulkhuda Mohd Hanif Shaikh who is residing in Gujarat to build a temple in his village.

Abdulkhuda Mohd Hanif Shaikh, who also belongs to Tamil Nadu's Paraipatti village and has been residing in Gujarat' Bharuch for a decade has collected Rs 3 lakh from his friends as a donation to build the temple in Paraipatti village in Dindigul district.

"They'd told me 4 months ago and came to me 10 days back. From Vapi to Mehsana, there are several Madrasis, even here in the village too. I personally went to them and collected around Rs 3 Lakh," Shaikh said.

Vijay Kumar said that he stayed in Gujarat for ten days and collected Rs 3 Lakh with him.

"I had sought help from him. I stayed here in Gujarat for 10 days, and went with him from people to people and collected Rs 3 Lakh. No one lives like Hindus or Muslims in our village, everyone lives like friends," he said.

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Agencies
July 24,2020

Mumbai, Jul 24: Reliance India Limited (RIL) on Friday overtook ExxonMobil to become the world's second most valuable energy company and 46th among the world's largest companies by market capitalisation.

RIL's market capitalisation stood at Rs 14.16 lakh crore (USD 189.3 billion) at market close on Friday. ExxonMobil's current market value is USD 184.77 billion.

"Reliance Industries, with a market capitalisation of USD 189.3 billion now is the second-most valuable energy company in the world. Reliance Industries now stands at 46th among the world's largest companies by market capitalisation ahead of well-known names like ExxonMobil, Abbott Laboratories, Oracle Corp, Chevron and Unilever Plc, and just below PepsiCo," RIL said in an official release.

RIL continued its rally on Friday, notwithstanding overall weak market conditions.

RIL shares made a new all-time high of Rs 2,163 and were last traded at Rs 2,148.8 on NSE with a gain of 4.4 per cent. The market capitalisation of fully paid-up shares stands at Rs 13.62 lakh crore (USD 182.06 billion), the release said.

Reliance partly paid-up shares gained 9.33 per cent on NSE today to last trade at Rs 1289.95. The partly paid-up shares now have a market capitalisation of Rs 0.55 lakh crore (USD 7.29 billion).

"Reliance's share price had touched a bottom of Rs 867 on March 23, 2020, when the total market value of the company stood at Rs 5.5 lakh crore or $73.5 billion. Thus, RIL has added $115.9 billion to shareholder wealth within just four months - one of the highest value creation feats in the world in such a short time," the release said.

Reliance had earlier raised Rs 212,809 crore through Rights Issue, combined investments in Jio Platforms and investment by bp.

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News Network
February 3,2020

Bengaluru, Feb 3: India's manufacturing activity expanded at its quickest pace in nearly eight years in January with robust growth in new orders and output, a private survey showed on Monday, suggesting the economy may be getting back on firmer footing.

In response to the jump in sales, factories hired new workers at the fastest rate in more than seven years.

If sustained, the improvement in business conditions could point to a gradual economic recovery in coming months, as forecast by analysts in a Reuters poll last month, after growth slowed to a more than six-year low in the July-September quarter.

The Nikkei Manufacturing Purchasing Managers' Index , compiled by IHS Markit, jumped to 55.3 last month from 52.7 in December. It was the highest reading since February 2012 and above the 50-mark separating growth from contraction for the 30th straight month.

"The PMI results show that a notable rebound in demand boosted growth of sales, input buying, production and employment as firms focused on rebuilding their inventories and expanding their capacities in anticipation of further increases in new business," Pollyanna De Lima, principal economist at IHS Markit, said in a news release.

A new orders sub-index that tracks overall demand hit its highest level since December 2014 and output grew at its fastest pace in over seven and a half years, pushing manufacturers to hire at the strongest rate since August 2012.

Meanwhile, both input costs and output prices rose at a slower pace, indicating overall inflation may have eased after hitting a more than five year high of 7.35% in December, although probably not below the Reserve Bank of India's medium-term target of 4%.

That might keep the central bank, which cut its key interest rate by a cumulative 135 basis points last year, on the sidelines over the coming months.

"To complete the good news, there was also an uptick in business confidence as survey participants expect buoyant demand, new client wins, advertising and product diversification to boost output in the year ahead," added De Lima.

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