Wednesday, 12 December, 2018

Shares in Russia's Sistema drop after court 'arrests' assets

Massive cyber attack in Russia and Ukraine reported Massive cyber attack in Russia and Ukraine reported
Doris Mccormick | 28 June, 2017, 03:54

"Those who spread fake and panic messages will be brought to responsibility together with those who are behind the hacker attack", the company's spokesman Mikhail Leontyev told TASS news agency.

The websites of Russian Rosneft and Bashneft oil companies are down following the cyberattack.

British advertising agency WPP also said some of its IT systems have been disrupted.

Experts suggest the malware is taking advantage of the same weaknesses used by the Wannacry attack last month.

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Bailiffs also said Sistema can not receive any income from 31.76 percent of MTS, 90.47 percent of Bashkirian Power Grid company and any of its wholly-owned Medsi medical clinics chain.

The cyberattack targeted a number of oil, telecommunications and financial companies in Russian Federation and Ukraine, blocking computers and demanding 300 US dollars in bitcoins, Group-IB told Russia's Prime news agency. There was no immediate comment from Sistema on the reported cyber attack. Meanwhile, according to the country's media, dozens of big banks, particularly Oschadbank and Privatbank, have limited customer service operations.

The Ukrenergo national energy company, as well as the Kievenergo, Zaporozhenergo and Dneprenergo energy supplying companies, have been facing difficulties, but their basic activities have not been affected. In addition, the Antonov aircraft-builder, the Kiev metro and Borispol worldwide airport have confirmed cyber attacks on their computer systems. Ransomware attacks have been soaring and the number of such incidents increased by 50 percent in 2016, according to an April report from Verizon Communications Inc.

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