Cyberattack Launched for Pain, Not Profit, Experts Say

WSJ.com: WSJD - Technology

This week's global virus outbreak that grounded airplanes in Ukraine, slowed FedEx courier deliveries in Europe and disrupted Maersk container ships around the world was devised simply to damage businesses, not earn profits for the hackers behind it, security experts now believe. The latest attack was similar, yet more sophisticated than last month's WannaCry virus, which also appeared as though designed to extort money, security experts said. The likelihood that a damaging attack on the Ukranian computer system was disguised as ransomware is a disturbing revelation for the world's corporate executives whose companies are at risk of being collateral damage from such targeted attacks. The software was coded to look like a variant of a known form of ransomware--malicious software called Petya that makes files unreadable until the victim makes a $300 payment. But that appears to have been a ruse: The virus's underlying software was different from Petya and made it technically impossible for files to be recovered, even by the attackers, researchers say.


The rise of RegTech Lexology

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Seen as an offshoot of Fintech, RegTech is defined by the UK's Financial Conduct Authority (FCA) as "the adoption of new technologies to facilitate the delivery of regulatory requirements". The financial crash of 2008 led to increased regulation of financial services. RegTech solutions are helping to ease the pain by assisting firms to keep abreast of new requirements and integrate the capacity to comply with them into their existing systems. The components used in RegTech solutions aim to enhance speed, minimise risk and reduce the cost of regulatory compliance. They are invariably cloud based.


Relevance of Blockchain In the Healthcare Industry - IntelligentHQ

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Time is undoubtedly an essential element in the field of healthcare and it can be reasonably be assumed that every moment should be used to its full potential in treating the patient. This is clearly not what is happening; just recently a mother had to wait seven hours after a fall before doctors could come and treat her broken back. Gaps in the healthcare system have given rise to multiple issues, ranging from the privacy of medical records to waiting times. Firstly, substantially long waiting times have always been a prevalent issue and the last few years are not an exception. In 2018, the NHS reported that a decade-high 4.3 million patients were awaiting an operation, with a growing number of them having to wait for more than the 18-week maximum waiting time for'planned non-urgent surgery', such as a hip or knee replacement.


Hackers publish private photos from cosmetic surgery clinic

The Guardian

Hackers have published more than 25,000 private photos, including nude pictures, and other personal data from patients of a Lithuanian cosmetic surgery clinic, police say. The images were made public on Tuesday by a hacking group calling themselves "Tsar Team", which broke into the servers of the Grozio Chirurgija clinic earlier this year and demanded ransoms from the clinic's clients in more than 60 countries around the world, including the UK. Police say that following the ransom demand, a portion of the database was released in March, with the rest following on Tuesday. It's unclear how many patients have been affected, but police say dozens have come forward to report being blackmailed. We're talking about a serious crime," the deputy chief of Lithuania's criminal police bureau Andzejus Raginskis told reporters.


Europe's 'biggest ever' LSD bust nets more than $5 million in seized cryptocurrency

Mashable

A combined task force of the Spanish Guardia Civil, the Austrian Federal Police, and Europol yesterday announced what they're calling "Europe's biggest ever LSD bust" and oh man in unrelated news I totally need to rethink my July 4 plans to just sit back and stare at fireworks for hours while contemplating life. SEE ALSO: You know who's not loving Bitcoin's rise? According to the press release, the bust went down in the Spanish cities of Granada and Valencia, and resulted in the seizure of approximately €4.5 million (around $5.25 million) worth of bitcoin, lumens, and IOTA. And yeah, the LSD in question was apparently some seriously good dark-web shit. "The organised crime group offered the synthetic drugs exclusively through Darknet webpages where access was restricted to previously invited users redirected from forums," reads the announcement.