Global meat processing company JBS has confirmed that it paid the equivalent of $US11 million to a criminal gang to end a cyber attack that halted its operations around the world last week, including Australia.
The company said it paid the money to mitigate any unforeseen issues related to the attack and ensure no data was exfiltrated. "This was a very difficult decision to make for our company and for me personally," said Andre Nogueira, the chief executive of JBS USA.A statement from the company highlights the FBI's assessment that the gang is "one of the most specialised and sophisticated cybercriminal groups in the world".
US statistics show 10 companies paid between $300,000 to $10 million to get back online in 2020, according to analyst Simon Quilty.
Tax deduction?
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It was one hour of global internet disruption ... but it could get a lot worseOur digital security can come down to a few major players. | OPINION All outsourced/insourced.Nothing much in Australia.
Source: theage - 🏆 8. / 77 Read more »
Experts unclear how Australian encryption laws were used in global crime bustLegal and cyber experts say it is unclear exactly how the laws were used, and concerns remain about the scope of the legislation. LisaVisentin ask the man who invented the internet.. Turnbull.. LisaVisentin Surely it’s a loophole in the metadata retentions laws introduced by George Brandis. I’d start digging there; they were so insistent on getting the laws passed without concession. LisaVisentin just as well the FBI understands how things work
Source: smh - 🏆 6. / 80 Read more »
Liberal democracies must buttress a ‘global order’ which favours freedom: PM Morrison | Sky News AustraliaPrime Minister Scott Morrison has urged Liberal democracies around the world to reinforce a “global order” which favours freedom as the Indo-Pacific region faces heightened competition.\n\nThe prime minister’s comments come ahead of the G7+ summit, to be held in Cornwall.\n\n“As we meet together in Cornwall, our patterns of cooperation within the Liberal rules-based order that have benefited us for so long, we know they are under renewed strain,” he said.\n\n“And as leaders of some of the world 's largest Liberal democracies and advanced economies, we must tend to the gardening with renewed clarity, unity and purpose, our challenge is nothing less than to reinforce, renovate and buttress a world order that favours freedom.”\n\nMr Morrison said the COVID-19 pandemic “merely underlines” the urgent need to deepen and accelerate shared endeavours.\n\n“Our interests are inextricably linked to an open, inclusive and resilient Indo-Pacific region, that is our interest,” he said.\n\n“I want to be clear about what we are seeking to do, but I also want to be clear about what we are not seeking to do. This is not about drawing, as we gather in Cornwall, a closed circle around a particular club.\n\n“It’s about ensuring we maintain an open, rules-based global system that supports peace, prosperity and aspirations for all, all sovereign nations.”\n\nAccording to Prime Minister Morrison, we are faced with “heightened competition” in the Indo-Pacific region and the task is “to manage that competition”.\n\n“Competition does not have to lead to conflict, nor does competition justify coercion,” he said.\n\n“We need all nations to participate in the global system, in ways that foster development and cooperation.\n\n“Australia stands ready to engage in dialogue with all countries, on shared challenges, including China, when they are ready to do so with us.”\n ScottMorrisonMP Freedom? Morrison is the antithesis of Freedom. ScottMorrisonMP That's Australia out then! We haven't been a democracy of any sort for years. Kleptocracy ScottMorrisonMP Do other countries see a monkey?....
Source: SkyNewsAust - 🏆 7. / 78 Read more »
AFP leads in global crime sting | Sky News AustraliaThe Australian Federal Police has been praised for its efforts in leading a global crime sting alongside the FBI to eradicate organised crime.\n\nHome Affairs Minister Peter Dutton said the AFP has shown it is one of the most successful law enforcement agencies around the world during Operation Ironside.\n\n“I think we’ve demonstrated, through this operation, the worth of the Home Affairs portfolio,” Mr Dutton said.\nMore than 800 criminal figures have been detained around the world after authorities used an encrypted app to assist in the arrests. \n Are you for real? Weren’t mentioned once on real news channels. They can’t even interview an alleged rapist! Eradicating organised crime? Lol But Scomo is still not in jail
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Deutsche Bank warns the global economy is ‘sitting on a time bomb’The global economy is on course for a “devastating” rise in inflation in the next few years that will hit every corner of the Earth, Deutsche Bank has warned in a stark new report. This bank is one of the most corrupt on the planet with massive fines for laundering funds of criminals. Just move into Bitcoin and we will be free from their corruption once and for all and those who don't will suffer unfortunately. Australia inflation not looking too bad. Inflation is already out of control globally. Shipping rates, chips, meat, lumber, electricity, fuel, etc. Australians haven’t taken notice as the journalists and the twitter mob are too busy bickering on bs issues that only demonstrate how sheltered and privileged Australians R Lmao! Deutsche Bank offers warning. ... Bet they wished they were warned about FinCEN.
Source: newscomauHQ - 🏆 9. / 77 Read more »
Top Australian universities climb global rankingsAustralia’s leading universities have climbed the latest international rankings, but the impact of the pandemic on international students was not taken into account. RT : Australia’s leading universities have climbed the latest international rankings, but the impact of the pandemic on international students was not taken into account.
Source: theage - 🏆 8. / 77 Read more »