Powerful cyber attack spreading around world

Share

English edition of Asharq Al-Awsat - the world's premier pan-Arab daily.

Rosneft hasn't stopped oil extraction despite the attack, having switched to a reserve operating system instead, according to the company.

Rosneft is now suing private firm Sistema for 170 billions rubles (2.55 billion euros, $2.88 billion) over the state giant's acquisition of oil company Bashneft.

Russian state oil giant Rosneft said Tuesday that its servers had suffered a "powerful" cyber attack, but insisted that production had not been hit.

The cyberattack targeted a number of oil, telecommunications and financial companies in Russian Federation and Ukraine, blocking computers and demanding 300 USA dollars in bitcoins, Group-IB told Russia's Prime news agency.

Baulin stressed that the attack is not connected with ransomware virus WannaCry, which swept across the globe just a month ago, affecting more than 200,000 computers in some 150 countries. US consulting major Deloitte released a report on Monday that said American energy companies showed "limited strategic appreciation" for cyber-threats.

VIVO retains IPL title sponsorship for next five years
Chinese smartphone brand Vivo has retained the title sponsorship for the Indian Premier League ( IPL ) for the next five years. Vivo's two-year term as IPL title sponsor ended with the 2017 edition of the cash-rich league.

A major hurdle has been overcome in the acquisition of Essar Oil by Rosneft and its partners.

The court will continue hearing the case on July 12, Russian news agencies reported.

Ukrainian Deputy Prime Minister Pavlo Rozenko said the government's computer network had gone down as well and posted a picture on Twitter of a computer screen with an error message.

A massive hacker attack has hit the servers of the Company.

"As a result of these cyber attacks these banks are having difficulties with client services and carrying out banking operations", the central bank said in a statement.

Share