Hackers attack Indian healthcare website, steal 68 lakh records

Agencies
August 22, 2019

In a startling revelation, US-based cyber security firm FireEye said on Thursday that hackers broke into a leading India-based healthcare website, stealing 68 lakh records containing patient and doctor information.

Without naming the website, FireEye said cyber criminals -- mostly China-based -- are directly selling data stolen from healthcare organisations and web portals globally including in India in the underground markets.

"In February, a bad actor that goes by the name "fallensky519" stole 6,800,000 records associated with an India-based healthcare website that contains patient information and personally identifiable information (PII), doctor information and PII and credentials," FireEye said in its report shared with media.

Between October 1, 2018 and March 31, 2019, FireEye Threat Intelligence observed multiple healthcare-associated databases for sale on underground forums, many for under $2,000.

FireEye said it continues to witness a concerted focus on acquiring healthcare research by multiple Chinese advanced persistent threat (APT) groups.

"In particular, it is likely that an area of unique interest is cancer-related research, reflective of China's growing concern over increasing cancer and mortality rates, and the accompanying national health care costs," the cyber security agency noted.

Open source reports indicate that cancer mortality rates have increased dramatically in recent decades, making cancer China's leading cause of death.

As the People's Republic of China (PRC) continues to pursue universal healthcare by 2020, controlling costs and domestic industry will surely affect the PRC's strategy to maintain political stability," said the FireEye report.

Another probable motivation for APT activity is financial: the PRC has one of the world's fastest growing pharmaceutical markets, creating lucrative opportunities for domestic firms, especially those that provide oncology treatments or services.

"Targetting medical research and data from studies may enable Chinese corporations to bring new drugs to market faster than Western competitors," the report claimed.

In early April this year, suspected Chinese cyber espionage actors targeted a US-based health center-with a strong focus on cancer research - with "EVILNUGGET" malware.

APT22 - a Chinese group that has focused on biomedical, pharmaceutical, and healthcare organizations in the past, and continues to be active - also targeted this same organization in prior years.

In the same month, several researchers at the MD Anderson Cancer Research were dismissed following concerns over theft of medical research on behalf of the Chinese government.

One theme FireEye has observed among Chinese cyber espionage actors targeting the healthcare sector is the theft of large sets of personally identifiable information (PII) and Protected Health Information (PHI).

Beyond Chinese-nexus groups, FireEye Intelligence has observed a wide variety of other cyber espionage and nation state actors involved in targeting the healthcare sector, including Russia-nexus APT28.

"The valuable research being conducted within some of these institutions continues to be an attractive target for nation-states seeking to leapfrog their domestic industries," the report emphasised.

As biomedical devices increase in usage, the potential for them to become an attractive target for disruptive or destructive cyber attacks - especially by actors willing to assume greater risk - may present a more contested attack surface than today," said the report.

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Agencies
March 10,2020

New Delhi, Mar 10: Crisis-hit Yes Bank on Tuesday said that it has enabled inward IMPS and NEFT services.

The move allows people to send money from other bank accounts to their Yes Bank account through IMPS (Immediate Payment Service) and NEFT (National Electronic Funds Transfer) mode.

In a tweet, the bank also said that Yes Bank customers can pay their credit card dues and loan obligations from other bank accounts.

"Inward IMPS/NEFT services have now been enabled. You can make payments towards YES BANK Credit Card dues and loan obligations from other bank accounts. Thank you for your co-operation. @RBIA @FinMinIndia," said tweet.

Last week Yes Bank was placed under moratorium and a withdrawal cap of Rs 50,000 was imposed till April 3.

The administrator of Yes Bank, Prashant Kumar and Rajnish Kumar, the Chairman of the State Bank of India are hopeful that moratorium would be lifted within a week.

As per the Reserve Bank of India (RBI) draft reconstruction scheme for the crisis-hit private lender, the SBI will take up 49 per cent in the bank by investing Rs 2,450 crore.

The new board of directors will stand constituted from the appointed date. It will comprise a CEO and MD, non-executive chairman and non-executive directors. The SBI will have nominee directors appointed on the board of the reconstructed bank.

The RBI may appoint additional directors to the board, who shall continue in office for one year, or until an alternate board is constituted by Yes Bank.

The SBI will not reduce its holding below 26 per cent before completion of three years from the date of infusion of the capital.

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Agencies
July 19,2020

New Delhi, Jul 19: Indian equities will be driven by a host of factors like corporate earnings, coronavirus cases trend and geo-political developments this week, according to analysts.

Market participants will also keenly watch the progress of monsoon, with experts saying that the farm sector revival will play a key role in lifting the coronavirus-hit economy.

"With no major event, the ongoing earnings season and global cues will continue to dictate the market trend. Besides, the progress of monsoon will also be closely watched," Ajit Mishra, VP - Research, Religare Broking, said.

Globally, the rising coronavirus infections and geo-political tensions have created uncertainty on the economic recovery front.

With India's COVID-19 cases fast approaching the 11 lakh mark, the third-highest behind the US and Brazil, and the death toll nearing 27,000, participants are expected to tread cautiously going forward.

At global level, confirmed COVID-19 cases have crossed 1.4 crore and deaths totalled about 6 lakh.

Markets globally will closely follow developments on the trade and political level between the US and China, according to analysts.

"We would continue witnessing stock-specific action as the earnings season unfold. Though the near-term momentum looks positive, we would advise traders to be cautious, given flaring US-China trade relations, persistent rise in virus cases and implementation of fresh lockdowns in parts of the country," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

HDFC Bank will remain in focus on Monday after having announced its June quarter earnings on Saturday.

The lender reported 19.6 per cent rise in its standalone net profit at Rs 6,658.62 crore for April-June 2020; while its income rose to Rs 34,453.28 crore during the quarter.

Other major companies to announce their quarterly results this week are Axis Bank, Bajaj Finance, Hindustan Unilever Limited, Bajaj Auto and ITC.

"Going ahead market participants will closely track the development related to covid vaccine, the rising infection of coronavirus, development on economic activities, corporate earnings and US-China relationship," said Sumeet Bagadia, Executive Director, Choice Broking.

On weekly basis, the Sensex gathered 425.81 points or 1.16 per cent, and the Nifty gained 133.65 points or 1.24 per cent.

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Agencies
January 16,2020

Claiming that e-commerce giants like Amazon import as much as 80 per cent of the items sold on their platforms, small manufacturers' body has said that their business models do not benefit local industry and are creating jobs of delivery boys only.

"Neither manufacturers nor traders are getting any benefit from the business models of Amazon and Flipkart because they largely import their products from China and Korea and sell here. Nearly 80 per cent of their products are imported," said Anil Bhardwaj, Secretary General, Federation of Indian Micro and Small & Medium Enterprises (FISME).

Bhardwaj said that the global e-commerce players generally source and sell products through their own preferred suppliers and as a result a large number of local manufacturers and traders get crowded out.

He listed out deep discounting and buying products from preferred companies as unfair practices.

"Even if they buy products from local suppliers the commission charged is very high," Bhardwaj said adding that the issues related to unfair practices have been raised with Commerce Ministry on multiple occasions.

FISME maintains that the technology-driven retail is way forward and one cannot be oblivious of the benefits it brings to consumers but at the same time the local industry can also not be ignored given its role in job creation.

"If both traders and local manufacturers are crowded out then how would the local industry survive and employment be generated?" asked Bhardwaj.

As Amazon Founder and CEO Jeff Bezos is currently on his three-day visit to India, the local traders are up in arms against the "unfair" trade practices of the tech giant. Delhi-based Confederation of All India Traders (CAIT) has launched a countrywide protest against the company and has organised protests across 300 cities.

In a setback to Amazon and Walmart-backed Flipkart, the fair market watchdog Competition Commission of India (CCI) has ordered probe into the business operations of both the companies on multiple counts including deep-discounts and exclusive tie-up with preferred sellers.

"For the first time some concrete step has been taken against Amazon and Flipkart who are continuously violating the FDI policy in indulging in a vicious racket of controlling and monopolising not only the e-commerce but even the retail trade as well," CAIT National Secretary General Praveen Khandelwal said after the CCI order.

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