Major global cyber attack; JNPT port affected
The Dollar Business Bureau A major global cyber attack which disrupted Russia’s major oil company, Ukrainian banks and multinational banks, has affected the computer terminals at Jawaharlal Nehru Port Trust (JNPT), Mumbai, shutting down one out of its three operations. Sources from Press Trust of India report that the virus has affected many other terminals in the country. The powerful ransomware has impacted many central banks and large corporations in Europe. It has been rapidly spreading since Tuesday amidst growing concerns that many vital government infrastructure and networks are poorly equipped to deal with such an attack. It has been reported that many businesses in the Asia-Pacific region experienced disruptions due to the ransomware which has been code named as ‘Eternal Blue’ and ...
Industries: The new sitting ducks for cyber-attackers
Sairaj Iyer In these days of automation, claiming complete safety is foolishness. The open world-wide internet does not bestow that pretention to anybody more so to those offices of power that are vulnerable to cyber-attacks of all kinds. India recently witnessed two cyber-attacks where hackers could access valuable data stored in high-profile nationalized banks. It is rumored that post those cyber-attacks, fake trade documents were made, to raise money or facilitate large illegal deals abroad. Without any further delay, the Indian Prime Minister’s office signed MoU’s with the global internet security provider Kaspersky. According to Vicente Diaz, Kaspersky’s Principal Security Analyst based in Barcelona, we are living in a world of APTs (Advanced Persistent Threats) and ransomware. In fact, digital espionage ...
Banks should tighten cyber security: Dpty Gov, RBI
The Dollar Business Bureau The latest cyber theft attempt in a state-owned lender’s offshore account indicates the strong need of vigilance on sensitive remittance services, said R Gandhi, Reserve Bank Deputy Governor, on Friday. Recently, the Union Bank of India had informed that it foiled a cyber theft bid in its US dollar Nostro account. No financial bearing existed as the attempt was foiled. Gandhi, redrawing the attention on the cyber incident at the annual summit 'Cyber & Network Security', stated that no monetary loss occurred in the incident, but it was too early to say how it all happened. He emphasized the need for vigilance on delicate systems like remittances, particularly on configuration of the systems and its management. He further stated that the ...
Collaboration with Germany to boost Indias defence manufacturing sector
The Dollar Business Bureau Federal Minister of Defence, Germany: Ursula von der Leyen was in New Delhi recently to discuss matters of strategic interests to India and Germany High-technology collaborations with German companies can be a major boost for India’s defence manufacturing sector. German Defence Minister Ursula von der Leyen who met PM Modi on Wednesday said that her country is keen on collaborating with India in defence technology and equipment. A day prior to meeting Modi, Von der Leyen met her Indian counterpart Manohar Parrikar and expressed her country’s willingness to take part in the ‘Make in India’ initiative. “Cooperation between the armed forces of the two countries, partnering of Germany in the Make in India initiative in the ...
