Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

US to treat ransomware attacks with same priority as terrorism

Published

on

Colonial pipeline

The U.S. Department of Justice is elevating investigations of ransomware attacks

The department now plans to treat ransomware attacks to a similar priority as terrorism in the wake of the Colonial Pipeline hack and mounting damage caused by cyber criminals.

Internal guidance sent to U.S. attorney’s offices across the America stated information about ransomware investigations in the field should be centrally coordinated with a recently created task force in Washington.

“It’s a specialised process to ensure we track all ransomware cases regardless of where it may be referred in this country,”

said John Carlin, principle associate deputy attorney general at the Justice Department.

The latest development comes after a cyber criminal group which is understood to be based in Russia, penetrated the pipeline operator on the U.S. East Coast, locking its systems and demanding a ransom.

The cyber hack caused a shutdown lasting several days, led to a spike in gas prices, panic buying and localised fuel shortages in the southeast. 

Hackers were paid a ransom, Colonial Pipeline boss confirms

The boss of one of the United States’ biggest fuel pipelines says his company paid a $USD 4.4 million ransom to hackers.

The Colonial Pipeline experienced a cyberattack that shut down its nationwide network on 7 May. As such, millions of barrels of petrol, diesel and jet fuel stopped flowing.

Joseph Blount is the CEO of the Colonial Pipeline. He told the Wall Street Journal the ransom was a “highly controversial decision”. But he conceded it “was the right thing to do for the country”.

The 8,900 kilometre pipeline carries 2.5 million barrels a day, or 45 percent of the east coast’s supply of critical fuel supplies.

“I will admit that I wasn’t comfortable seeing money go out the door to people like this,”

Mr Blount explained

However, President Biden believes there was evidence that Russian hackers were involved in the attack.

“So far there is no evidence from our intelligence people that Russia is involved. Although, there is evidence that the actors, ransomware is in Russia, they have some responsibility to deal with this.”

The hackers are from DarkSide, who allegedly steal from larger corporations and give the ransom funds to charity.

The group released a statement on the dark web. “From today, we introduce moderation and check each company that our partners want to encrypt to avoid social consequences in the future.”

After the cyberattack, President Joe Biden signed an executive order to strengthen cybersecurity defences across the US.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Electric vehicles transform last mile delivery market

Australia’s last-mile delivery is rapidly adopting electric vehicles, fueled by green initiatives and insights from expert Joe Sofra.

Published

on

Australia’s last-mile delivery is rapidly adopting electric vehicles, fueled by green initiatives and insights from expert Joe Sofra.


The shift towards electric vehicles (EVs) for last mile delivery is accelerating globally, with Australia expected to see significant growth.

Companies and retailers are increasingly adopting greener solutions, driven by supporting government initiatives.

Joe Sofra from ANC discussed the current state of the last mile EV market.

#ElectricVehicles #Sustainability #LastMileDelivery #Innovation #Australia


Download the Ticker app

Continue Reading

News

Trump gives Hamas ultimatum for Gaza peace plan acceptance

Trump gives Hamas deadline to accept Gaza peace plan amid rising pressure from Arab states and ongoing conflict in the region

Published

on

Trump gives Hamas deadline to accept Gaza peace plan amid rising pressure from Arab states and ongoing conflict in the region

video
play-sharp-fill
In Short:
– Trump gives Hamas three to four days to accept a U.S.-backed Gaza peace plan, warning of consequences.
– Hamas calls the plan biased and insists on a complete Israeli withdrawal before considering any agreement.
U.S. President Donald Trump has given Hamas three to four days to accept a U.S.-backed peace plan for Gaza, warning of severe consequences if they reject it.The plan, shared by mediators Qatar and Egypt, emerged after Israeli Prime Minister Benjamin Netanyahu endorsed it during a visit to the White House. Hamas, which was not part of the talks, is expected to review the proposal that calls for disarmament, a previously rejected demand.

Banner

Trump stated that support for the plan came from both Israeli and Arab leaders, and he emphasised the need for Hamas to respond promptly. The proposal includes a ceasefire, hostage exchanges, an Israeli withdrawal from Gaza, and disarmament of Hamas, along with a transitional government.

A Hamas source described the plan as biased towards Israel and containing unacceptable conditions.

The group maintains that a complete Israeli withdrawal is a prerequisite for their agreement to any deal, while they are unwilling to disarm.

Pressure Mounts

Hamas faces significant pressure as foreign ministers from Saudi Arabia, Jordan, the UAE, Qatar, and Egypt have supported the initiative. Turkey’s intelligence head is also set to join discussions in Doha, marking a new level of mediation.

Despite expressing initial support, Netanyahu is cautious about the plan’s implications for Palestinian statehood and faces pressure from his coalition. Public sentiment in Gaza reflects a desire for peace, albeit with scepticism about the sincerity of both Trump and Netanyahu’s commitments.


Download the Ticker app

Continue Reading

News

Trump shocks Hollywood with 100% film tariff

Trump proposes a 100% tariff on foreign movies, potentially reshaping Hollywood and affecting international co-productions. #Trump #Hollywood

Published

on

Trump proposes a 100% tariff on foreign movies, potentially reshaping Hollywood and affecting international co-productions. #Trump #Hollywood


Donald Trump has rocked Hollywood with a proposal to impose a 100 per cent tariff on all movies made outside the United States.

The move, aimed at reshaping the entertainment industry, could force studios to shift production back home and disrupt international co-productions

#Trump #Hollywood #FilmIndustry #Movies #TradeWar #TickerNews


Download the Ticker app

Continue Reading

Trending Now