Money
Russian ‘REvil gang’ hackers demands $70M Bitcoin ransom payout
The group behind the recent Kaseya cyber attack is asking for a $70M ransom in Bitcoin for a ‘universal decryptor’ key
The Russian hacking group REvil has published a blog post on the dark web taking credit for the audacious cyber attack on MSP providers in the US which they claim affected over a million systems.
They also called on ‘anyone willing to negotiate’ for a ‘universal decryptor’, offering to list the key publicly if someone pays the ransom.
“Everyone will be able to recover from the attack in less than an hour,” the post read.
Will the companies pay the ransom?
The general advice from cyber-security experts is to not pay hackers to retrieve their data, because it encourages future attacks.
However, John Hammond from Huntress Labs doesn’t believe the situation is so simple. The cybersecurity firm Huntress Labs Inc is leading the investigation into the attack.
“This is an extremely intricate and tough situation,” he said in a private Twitter message to Ticker reporters.
“You have to make the decision that is best for your business,” he said.
The Kaseya cyber attack
The attack targeted more than 20 managed service providers (MSP). Yesterday, Huntress Labs anticipated the hack had affected more than 1000 businesses, which expectations that the figure would grow based on reports from the providers and a Reddit thread tracking the hack.
“It’s reasonable to think this could potentially be impacting thousands of small businesses,” tweeted John Hammond from Huntress Labs. Hammond says the attack targeted a software supplier called Kaseya.
Biden has sinced called for US intelligence to conduct a “deep dive” into the attacks. “We’re not sure it’s the Russians,” he said. “The initial thinking was, it was not the Russian government, but we’re not sure yet.”
Sweden closes up shop
Another victim of the attack is Sweden, which has seen around 500 supermarkets unable to trade.
Coop Sweden has closed half of its 800 stores after its point-of-sale tills and self-service checkouts stopped working just before the weekend.
The supermarket itself was not targeted by hackers. However, because it uses on of the affected MSPs it too has fallen victim to the attack.
Cybersecurity becomes and international security issue
This comes as the latest in a string of ransomware attacks in recent months, including the attack on JBS. Experts have also attributed the JBS attack to the REvil cyber gang.
It also comes shortly after President Joe Biden signed an executive order to strengthen cybersecurity defences across the US.
Money
U.S. stocks falling amid AI worries and weak earnings
U.S. stocks decline amid AI concerns, defensive sectors rising; traders eye commodities, jobs data, and currency trends for insights.
U.S. stocks decline amid AI concerns, defensive sectors rising; traders eye commodities, jobs data, and currency trends for insights.
U.S. stocks are tumbling as investors grow concerned over AI profitability and disappointing earnings. Defensive sectors are attracting attention ahead of the upcoming CPI report, while market participants are carefully watching how tech-heavy AI stocks are influencing broader indices. Steve Gopalan from SkandaFX notes that these factors are shaping market sentiment.
For traders, commodities like gold and oil are also playing a role in sentiment, providing hedges amid market uncertainty. The January jobs report and unemployment data are adding further context, with potential implications for Federal Reserve policy.
Market expectations for rate cuts are shifting as investors weigh economic indicators against global market dynamics. Traders are also eyeing currency movements, including the Australian Dollar and Japanese yen, for signs of broader economic trends.
Money
Wall Street tumbles as tech stocks face AI disruption fears
Wall Street falters as tech stocks dive amid AI anxieties; 2026 seen as critical for proving AI investment returns.
Wall Street falters as tech stocks dive amid AI anxieties; 2026 seen as critical for proving AI investment returns.
Wall Street took a sharp hit as tech stocks plummeted amid growing investor anxiety over artificial intelligence. Markets reacted strongly to uncertainty about how AI could disrupt major sectors, leaving investors on edge. Kyle Rodda from Capital.com explains why investors are nervous about what’s ahead.
Cisco Systems’ quarterly results added to the market jitters, while defensive sectors gained attention as investors sought safer bets. Analysts describe 2026 as a ‘prove it’ year for AI, with companies needing to demonstrate real returns on their ambitious investments.
The January Consumer Price Index report and rising concerns over AI’s impact on transportation companies further weighed on sentiment. Investors are now closely watching major tech firms for signals on how AI spending will shape future market performance.
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Money
U.S. jobs report, Fed decisions, and Japan’s economic risks explained
January US jobs report sparks uncertainty; analysts debate impact on Federal Reserve policy and market confidence.
January US jobs report sparks uncertainty; analysts debate impact on Federal Reserve policy and market confidence.
The January US jobs report shows a mixed picture for the economy, with payroll revisions and steady unemployment leaving analysts questioning the impact on Federal Reserve policy. We break down what the numbers mean for interest rates and market confidence.
US stock markets could face turbulence as investors digest the latest jobs data. David Scutt from StoneX explains how these figures may influence equities and what the outlook is for global markets.
Meanwhile, developments in Japan and a strengthening yen could spark new macroeconomic risks. From carry trades to unexpected shocks, we explore how these factors ripple across the global economy.
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#USJobsReport #FederalReserve #StockMarket #MacroRisks #JapanEconomy #GlobalMarkets #CurrencyTrading #EconomicUpdate
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