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
July 16,2020

New Delhi, Jul 16: With India's economic growth sputtering, the Reserve Bank of India was expected to maintain a rate-cutting cycle, but an uptick in near-term inflation could give the central bank's Monetary Policy Committee reason to pause for now.

Having cut its key lending rate by an aggressive 115 basis points (bps) in 2020, on top of 135 bps cuts in 2019, the RBI so far has had little success in spurring credit growth amid varying degrees of lockdowns across India.

Some economists and market insiders argue it may be prudent for the MPC, the policy committee, to hold its fire when it meets early next month.

"It's probably too early to administer a demand stimulus. The RBI still has room to cut rates, but we probably want to be more cautious of the timing," said Venkat Pasupuleti, portfolio manager at Dalton Investments.

"Maybe they should wait a quarter to see how things pan out once the lockdown situation is eased further."

Market participants have factored in at least a 25 bps rate cut by the MPC on August 6 while analysts are predicting a total 50-75 bps cuts over the rest of the fiscal year that runs to March 31.

The spike in the retail inflation rate above the RBI's mandated 2%-4% target range is another reason for the central bank to take a breather, analysts say.

Annual retail inflation rose to 6.09% in June, compared to 5.84% in March and sharply above a 5.30% median forecast in a Reuters poll of economists.

Rahul Bajoria, an economist at Barclays, said the spike in both consumer and wholesale prices "could lead to a tempering in enthusiasm for material front-loaded policy support from here on."

Almost all economists however agreed the RBI cannot move away from its accommodative stance or call an end to the rate cutting cycle just yet.

India's economy grew at 3.1% in the March quarter - an eight year low - and some economists have predicted a contraction of more than 20% in the June quarter and a contraction of up to 5% in the fiscal year.

"Even in the event of a pause, we think the RBI and MPC would want to hold out the promise of more cuts," said A. Prasanna, economist with ICICI Securities.

RBI Governor Shaktikanta Das said in a recent speech the need of the hour is to restore confidence, preserve financial stability, revive growth and recover stronger, suggesting inflation concerns are unlikely to deter the downward trajectory for rates too soon.

"The August policy decision would boil down to a judgment call over whether RBI can maintain easy monetary and financial conditions without the aid of a token rate cut," Prasanna said. 

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News Network
July 25,2020

New Delhi, Jul 25: Congress leader Priyanka Gandhi Vadra on Saturday attacked the Yogi Adityanath government over its handling of the Covid-19 crisis, saying that at a time when there is an "explosive" rise in cases, the state dispensation's "no test is equal to no corona" policy can lead to a "more frightening situation".

In a letter to the Uttar Pradesh chief minister, the Congress general secretary said that the situation is getting serious and the battle against the pandemic cannot be fought just by publicity and managing news.

Priyanka Gandhi said she hopes the chief minister will take "big and effective" steps that will assure people that the government is committed to protect their lives and they will not be left to God for protection.

"By showing the fear of coronavirus, corruption is thriving. If this is not reined in, the battle against coronavirus will turn into a disaster," Priyanka Gandhi said.

Noting that 2,500 cases of coronavirus were reported in UP on Friday, she said almost all the metros were flooded with Covid-19 cases, but now even the villages were not unaffected by its spread.

"Quarantine centres in UP are in a pathetic state. In some places, the situation is so bad, that people are fearing mismanagement more than the coronavirus. Because of such a scenario, they are not stepping out of their homes for getting tested," Priyanka Gandhi said.

"This is a major failure of the government," she asserted.

The state government by believing in the "no test = no corona" mantra has adopted a low testing policy, she alleged in the letter written in Hindi.

"There is an explosive rise in Covid-19 cases. Till testing will not be increased in a transparent manner, the fight against the pandemic will be incomplete and the situation can become more frightening," she said.

"Your government claimed that there is provision for 1.5 lakh beds, but with only about 20,000 active infected cases, there is a scampering for beds," she said.

If there is a huge crowd in front of the hospitals, then why is the UP government not constructing temporary hospitals on the lines of those set up in Mumbai and Delhi, Priyanka Gandhi asked.

Availing medical facility is the fundamental right of every citizen, she asserted.

"The prime minister is a Member of Parliament from Varanasi, the defence minister is from Lucknow, many other Union ministers are from UP. Why can't temporary hospitals be opened in Varanasi, Lucknow, Agra etc." Priyanka Gandhi asked.

She suggested that temporary hospitals can be operated by the Defence Research and Development Organisation (DRDO), the Army and the paramilitary, or if need be, the DRDO hospital can be brought to Lucknow.

Also, central facilities set up in Delhi can also be used for border districts, Priyanka Gandhi said, adding that their utilisation is not being maximised there.

Noting that home isolation was a good step, she said it should not be implemented in haste.

Informed decisions should be taken on key matters related to home isolation like what will be the arrangement for monitoring patients, who needs to be informed if the patient's condition worsens and what will the medical facilities cost in home isolation, she said.

What will be the arrangement for checking the temperature and oxygen level of the patients in home isolation, she further asked in the letter.

The government should do a complete mapping of it and give complete information at the local level to the public, Priyanka Gandhi said.

The Congress general secretary said that she realises, that often the state government feels that the Congress' suggestions are given only from a political point of view.

"This was evident from the response of your government while we were trying to get buses for UP workers who were walking home," she said.

"I want to assure you once again that protecting the health and life of the people of Uttar Pradesh is our biggest sentiment at this time. We are continuously striving with constructive support and a spirit of service," she said in the letter.

At this time when the pandemic is growing rapidly, the Congress stands with the people of UP and is ready to give full support to the state government, she said.

Tightening its grip over Uttar Pradesh, Covid-19 claimed a record 50 lives in the state on Friday as the deadly virus infected 2,667 people more in the largest single-day spike till date.

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News Network
March 25,2020

New Delhi, Mar 25: The total number of positive coronavirus cases in India have climbed to 606, said Ministry of Health and Family Welfare on Wednesday.
The total number of active COVID-19 cases in the country so far stands at 553, while the number of people who have been cured or discharged stands at 42.
Ten people have died from the disease while one case has migrated, the Ministry further informed.
Meanwhile, Prime Minister Narendra Modi on Tuesday announced a 21-day lockdown in the entire country to deal with the spread of coronavirus, saying that "social distancing" is the only option to deal with the disease, which spreads rapidly.
In a televised address to the nation, Prime Minister Modi said that it is vital to break the chain of the disease and experts have said that at least 21 days are needed for it.

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