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Businesses increase cyber defense in wake of ransomeware attacks

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Ransomware
Ransomware

Companies worldwide are bracing themselves for a second, and possibly even more deadly, ransomeware attack similar to the one that took place Friday.

SAN FRANCISCO (Diya TV) — Businesses around the world scrambled Saturday to prepare for a renewed cyberattack, convinced that a lull in a computer offensive that has stopped car factories, hospitals, schools and other organizations in around 100 countries across the globe was only temporary.

The pace of the attack of a virus dubbed WannaCry slowed late Friday, after the so-called “ransomware” locked up more than 100,000 computers, demanding owners pay to $300 to $600 get their data back.

Securities company Symantec predicted the current infections would cost companies tens of millions of dollars, mostly from cleaning their corporate networks. Ransoms paid so far amount to only tens of thousands of dollars, one analyst said, but he predicted they would rise. Companies rushed to protect Windows systems with patches that Microsoft released last month and on Friday. WannaCry exploited a vulnerability to spread itself across networks.

The code for exploiting the bug, known as “Eternal Blue,” was initially released on the internet in March by a hacking group known as the Shadow Brokers. The group claimed it had stolen the code from a repository of National Security Agency hacking tools. While the identity of the Shadow Brokers remains unknown, many securities experts have said they believe the group to hold its roots in Russia, a major source of ransomware and was one of the countries hit first and hardest by WannaCry.

Those experts, who have been on watch for months for an “Eternal Blue”-based attack, said on Saturday that they expect the computer code to be used in types of cyber attacks beyond extortion campaigns, including efforts to seize control of networks and steal data.

Governments and private security firms on Saturday that they expect hackers to tweak the malicious code used in Friday’s attack, restoring the ability to self-replicate. Those expectations prompted businesses to call in technicians to work over the weekend to make sure networks were protected with security updates needed to thwart Eternal Blue.

Guillaume Poupard, head of France’s national cyber security agency, told Reuters he is concerned infections could surge again on Monday, when workers return to the office and turn on computers.

Renault, the French automaker, said on Saturday it had halted stopped manufacturing at plants in Sandouville, France and Romania to prevent the spread of ransomware in its systems. Among the other victims is a Nissan manufacturing plant in Sunderland, northeast England. German rail operator Deutsche Bahn said some electronic signs at stations announcing arrivals and departures were infected. In Asia, some hospitals, schools, universities and other institutions were affected, though the full extent of the damage is not yet known due to the weekend.

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Indian IT companies curb H-1B premium processing

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H1-B visa premium processing

MUMBAI (Diya TV) — Indian IT services companies are not racing to use a H1-B visa premium processing option as in years past due to a changing business model and higher rejection rates.

Google announced a $1 billion commitment to help alleviate Silicon Valley’s housing crisis, saying they will add about 20,000 homes. While the housing plan is welcomed, many critics are upset that Google is able to do this because they exploit tax loopholes to shelter billions of dollars in revenue.

PG&E, the California public utility blamed for igniting several wildfires caused by downed power lines that killed dozens and destroyed thousands of homes, agreed to pay $1 billion in damages to local governments.

Laxman Narasimhan will becoming CEO of consumer goods group Reckitt Benckiser this fall.

He was Chief Commercial Officer at PepsiCo.

And India’s lunar lander will launch this July for the moon, and will launch its first mission to study the sun in 2020. ISRO is also planning to have a space station for India by 2030.

Ravi Kapur & Alejandro Quintana contributed to this report.

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India blocks entry of a Palestinian rights group into the U.N.

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Modi blocks Palestinian Rights

WASHINGTON (Diya TV) — Israeli Prime Minister Benjamin Netanyahu thanked Indian Prime Minister Narendra Modi on Twitter for India’s support in blocking the entry of a Palestinian rights group into the UN.

The U.S. Chamber of Commerce’s U.S.-India Business Council held day one of the India Ideas Summit, convening government officials from the U.S. and India, as well as business executives and thought leaders from around the globe. Google CEO Sundar Pichai and NASDAQ CEO Adena Friedman won Global Leadership Awards respectively.

And U.S. Secretary of State Mike Pompeo spoke as well, highlighting what he hope to accomplish during his visit to India in a few weeks.

Warriors star forward Kevin Durant announced on Instagram he had successful Achilles tendon surgery in New York surrounded by family and friends. His team will square off against the Raptors tomorrow night for Game 6 of the NBA Finals. Diya TV will be there with pregame and postgame analysis.

And Ravi Kapur and Jonathan Choe will take you inside TD Garden in Boston where St. Louis Blues are looking for their first Stanley Cup and the Boston Bruins are looking to add to their collection.

Ravi Kapur & Alejandro Quintana contributed to this report.

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Trump calls 50% tariffs by India on US motorcycles unacceptable

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Indian Tariffs unacceptable

WASHINGTON (Diya TV) — President Trump said though India reduced import tariffs on American motorcycles from 100 percent to 50 percent, it is still too high and not acceptable to him.

The Michigan Board of Education voted to approve new social studies standards, which now include Sikhism for the first  time. The new standards will give more than 1.4 million public school students in Michigan context about the Sikh community.

In a list compiled by the New York Times, Palo Alto Networks CEO Nikesh Arora and j2 Global CEO Vivek Shah are two of the top ten highest paid CEO’s amongst U.S. publicly traded companies.

While Arista Networks CEO Jayshree Ullal, Syntel co-founder Neerja Sethi and Confluent co-founder Neha Narkhede are among the richest self-made women according to Forbes.

And Ravi Kapur and Jonathan Choe will recap an eventful night in Toronto, where the Golden State Warriors held off the Raptors in Game 5 of the NBA Finals, after losing their star Kevin Durant to an Achilles injury.

Ravi Kapur & Alejandro Quintana contributed to this report.

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