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People walk past a Megafon mobile phones shop in Moscow, Russia, Saturday, May 13, 2017. A top Russian mobile operator said Friday it had come under cyberattacks that appeared similar to those that have crippled some U.K. hospitals. Pyotr Lidov, a spokesman for Megafon, said Friday’s attacks froze computers in company’s offices across Russia. (AP Photo/Ivan Sekretarev) The cyberattack that spread malicious software around the world, shutting […]

By Jeremy Wagstaff | SINGAPORE SINGAPORE Some hospitals, schools and universities in Asia were hit by a global cyber attack which infected tens of thousands of computers in Europe and the United States, but officials and researchers said the extent of any damage may not yet be known. China’s official news agency Xinhua said secondary schools and universities were hit, but did not say how many or […]

The huge cyberattack wiped out display screens at rail stations in Germany Cyber security experts rushed to restore systems on Saturday after an unprecedented global wave of cyberattacks that struck targets ranging from Russia’s banks to British hospitals and a French carmaker’s factories. The hunt was on for the culprits behind the assault, which was being described as the biggest cyber ransom attack ever. State agencies […]

A cybersecurity researcher appears to have discovered a “kill switch” that can prevent the spread of the WannaCry ransomware—for now—that has caused the cyberattacks wreaking havoc globally A cybersecurity researcher appears to have discovered a “kill switch” that can prevent the spread of the WannaCry ransomware—for now—that has caused the cyberattacks wreaking havoc globally, they told AFP Saturday. The researcher, tweeting as @MalwareTechBlog, said the discovery was […]

WannaCrypt/WannaCry ransomware has affected Windows XP systems across the globe. Image: Cisco Talos Microsoft has taken the unprecedented step of issuing patches for unsupported operating systems – like Windows XP – in the wake of the massive WannaCrypt ransomware attacks against organisations across the globe. Businesses, governments and individuals in 74 countries across the globe have been victims of more than 45,000 attacks by this one strain […]

This is screengrab taken from the website of the East and North Hertfordshire NHS trust as Britain’s National Health Service is investigating “an issue with IT” Friday May 12, 2017. Several British hospitals say they are having major computer problems Hospitals in London, northwest England and other parts of the country are reporting problems with their computer systems as the result of an apparent cyberattack,.(PA via AP) […]

Britain’s National Health Service reported a cyber attack on a number of hospitals on May 12, 2017 A fast-moving wave of cyberattacks swept the globe Friday, apparently exploiting a flaw exposed in documents leaked from the US National Security Agency. The attacks came in the form of ransomware, a technique used by hackers that locks users’ files unless they pay the attackers a designated sum in the […]

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Following what many have described as a threat from President Trump earlier this morning directed at former FBI Director James Comey, WikiLeaks has just blasted out the following tweet offering a $100,000 reward for the “Trump-Comey tapes.”  Moreover, folks who want to up the reward are encouraged to send bit coins. “WikiLeaks offers US$100k for the Trump-Comey tapes. To increase thereward send Bitcoin to reward address: 1FfzC3KrbrJ3CRbz4hqHnxSqvYfy9M5CT” […]

Hackers responsible for the wave of cyber attacks that struck organisations across the globe on Friday from the UK’s National Health Service to European telecoms company Telefónica used tools stolen from the US National Security Agency, the Financial Times has learnt. A tool known as “eternal blue”, developed by US spies was used by the hackers to make an existing form of ransomware known as WannaCry more […]

Kuala Lumpur, 11 May 2017  The fifth edition of Islamic Financial Services Board’s (IFSB) annual Islamic Financial Services Industry Stability Report 2017 examines the implications of the recent economic developments and changes in the global regulatory and supervisory frameworks on the global Islamic financial services industry (IFSI). Amidst a challenging external environment brought on by the changing policy directions and uncertainties in the global economic landscape, institutions […]

A ransomware attack against any business could be potentially devastating, but there are some sectors which are more at risk from file-encrypting attacks than others, as cybercriminals prey on industries which can’t afford to not have access to their networks. Ransomware has boomed over the last 18 months, growing from an annoyance which targeted home PC users with moderate ransom demands, to a billion-dollar industry, with cybercriminals […]

Bitcoin is now up for 16 of the last 18 days, soaring over 50% in the last month and up almost 90% in 2017 – making its the year’s best performing currency. There appears to be no specitic catalyst for today’s move as the surge in Japanese interest (as we detailed here) and news that Russia is considering, like Japan just did, to allow cryptocurrencies as a […]

On Monday, we brought you the story of TokenCard, the Ethereum-based venture set to revolutionise the world of payments by bringing crypto folk the, errr, power of the Visa network. Yes, you’re wondering, what’s so special about that? Doesn’t every above-board payment facilitator offer Visa access? You’re right. They do. And a card processed by Visa is hardly a breakthrough innovation worth shouting about here in the […]

Sign up to receive FirstFT by email here Emmanuel Macron, an independent centrist, won an emphatic victory in France’s presidential run-off against Marine Le Pen, the far-right Front National leader, on Sunday, taking 65.1 per cent of the vote, according to estimates. Mr Macron’s victory is a phenomenal achievement for the 39-year-old former Rothschild banker, who has never before held elected office and whose political movement En Marche! was […]

Credit: fdecomite More than 3 million people (three times previous estimates) are estimated to be actively using cryptocurrencies like bitcoin, finds the first global cryptocurrency benchmarking study by the Cambridge Centre for Alternative Finance. While many members of the general public may have heard of “bitcoin”, the first decentralised cryptocurrency launched in 2009, a new report from the Cambridge Centre for Alternative Finance (CCAF) paints a broader […]

Editor’s note: This post was originally published on Scott Helme’s blog, and was reprinted to ZDNet with permission. I was recently invited to take part in some research by BBC Click, alongside Professor Alan Woodward, to analyse a device that had quite a lot of people all excited. With slick marketing, catchy tag lines and some pretty bold claims about their security, nomx claim to have cracked […]

ZDNet ST. MAARTEN: The cybercriminals allegedly responsible for an attack on Bangladesh’s central bank which left the country’s wallet millions of dollars lighter is showing “no signs of stopping,” according to security experts. The group, dubbed Lazarus, managed to dupe banking staff into transferring $80 million from the Central Bank of Bangladesh’s New York Federal Reserve account after spending several months studying how the financial institutions communicated […]

The titans of the commodities industry are daring to believe the worst is over but are braced for an increasingly uncertain outlook as “me-first” protectionist policies threaten to destabilise global trade. Those were two of the key themes to emerge from the sixth Financial Times Commodities Global Summit in Lausanne last week. The head of Cargill, the world’s biggest agricultural commodities merchant, called on the commodities industry […]

The commodities trading house Trafigura and a bank are testing blockchain as a way to settle deals in the US oil market, a sign of the potential for digital technology to change how barrels of crude are bought and sold. Blockchain is the electronic ledger originally built to underpin bitcoin markets. Promoters say it will lead to cheaper, more secure ways of settling all kinds of transactions, […]

When was the first time you smoked weed? For those who’ve never indulged (or perhaps never inhaled), the question might seem too personal for an interview. But, for the millions of Americans who smoke marijuana, it could be an entrée to a host of interesting questions: Where are you from? Who’d you hang out with when you were in high school? What was your relationship with your […]

Alibaba has joined forces with AusPost, Blackmores, and PwC to explore the use of blockchain technology to combat food fraud. The Chinese ecommerce giant said the goal is develop a “Food Trust Framework” to help improve integrity and traceability on its global supply chains. Australia was chosen to be the test bed for the new framework. Alibaba believes blockchain, best known as the technology behind bitcoin, is […]

A grand jury in California has charged four people — including two Russian intelligence officers — in a pair of computer hacks against Yahoo that victimised hundreds of millions of consumers, the US Justice Department said on Wednesday. The men penetrated Yahoo’s email accounts, often using “spear phishing” emails, and used information they obtained to access other accounts at Yahoo and Google. Among those targeted were Russian […]

Stock photo The price of Bitcoin plummeted after the US Securities and Exchange Commission (SEC) denied a request to bring Bitcoin to the financial market, highlighting how the value of the virtual currency can change within minutes. In February, the virtual currency’s value reached an all-time high of over $1,300 with investors taking a punt on rumors SEC would allow the first Bitcoin ETF. An exchange-traded fund […]

By Trevor Hunnicutt and Gertrude Chavez-Dreyfuss | NEW YORK NEW YORK The U.S. Securities and Exchange Commission on Friday denied a request to list what would have been the first U.S. exchange-traded fund built to track bitcoin, the digital currency. Investors Cameron and Tyler Winklevoss have been trying for more than three years to convince the SEC to let it bring the Bitcoin ETF to market. CBOE […]

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