Biden Can't Tell Whether Russia Is Involved In Recent Ransomware Attack
July 5, 2021, 4:44 am

Biden Can't Tell Whether Russia Is Involved In Recent Ransomware Attack

According to Sputnik, US President Joe Biden on Saturday said that there is no confidence in Washington in whether the Russian government is involved in the recent ransomware attack against a software management company named Kaseya.

Biden said "The initial thinking was it was not the Russian government, but we’re not sure yet".

Sputnik reported, citing pool reporters from Michigan's Traverse City, Biden ordered the “full resources of the federal government” to investigate the incident.

The FBI released a statement in regard to the Kaseya attack, saying that it is looking into the circumstances in coordination with both the company and the Cybersecurity and Infrastructure Security Agency (CISA).

According to the Sputnik, the FBI said "We encourage all who might be affected to employ the recommended mitigations and for users to follow Kaseya's guidance to shut down VSA servers immediately. As always, we stand ready to assist any impacted entities".

Earlier in the week, security firm Huntress said that its team had tracked "a critical ransomware incident affecting MSPs and their customers, which appears to be a Kaseya VSA supply chain attack." Victims of the attacks have reportedly received demands for some $45,000 in Monero cryptocurrency.

The ransomware attack came shortly after the emergence of a joint report by the US and the UK intelligence agencies accusing Russia's GRU of carrying out a "brute force" global cyber attack campaign. However, the document elaborated more on techniques and methods alleged to be used by the GRU rather than providing evidence to back the claims.

Moscow "strictly denied" the accusations, outlining that the fight against cybercrime is Russia's inherent priority and expressing hope that Washington will "abandon the practice of unfounded accusations and focus on professional work with Russian experts to strengthen international information security". Ransomware Attack

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Source: Sputnik

Image source: AFP-Sputnik

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has announced its sponsorship of the “Innovation and Sustainable Technology Solutions Competition (GU - IST Solutions), hosted by Gulf University at its main campus.
This strategic sponsorship reflects BENEFIT’s active role in advancing technological innovation and fostering sustainable solutions to future challenges. It also seeks to empower Bahraini youth by enhancing their skills, capabilities, and competitiveness in innovation and solution development—contributing meaningfully to the broader goals of sustainable development across all sectors.
As part of BENEFIT’s active involvement in the competition, the company has announced that Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication, will serve on the competition’s supervisory committee. Her upcoming participation reflects BENEFIT’s forward-looking commitment to championing academic and professional excellence.
Commenting on the occasion, Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication at BENEFIT, said, “We are privileged to support this pioneering initiative, which aligns seamlessly with BENEFIT’s enduring commitment to fostering innovation and nurturing the potential of Bahrain’s youth. Our participation is rooted in a deep sense of social responsibility and a firm belief in the pivotal role of innovation in shaping a sustainable future. Through such platforms, we seek to empower the next generation with the knowledge, skills, and foresight required to develop impactful solutions that address future challenges, in line with the United Nations Sustainable Development Goals 2030.”
Dr. Aseel Al Ayash Dean of the College of Engineering in Gulf University commented, “We extend our sincere gratitude to BENEFIT for their generous sponsorship and support of the Innovation and Sustainable Technology Solutions Competition. This contribution plays an instrumental role in helping us achieve the strategic goals of this initiative, namely, cultivating a culture of innovation and sustainability, encouraging efforts that address the imperatives of sustainable development, and enhancing the practical and professional capabilities of our students and participants.”
The event will bring together a diverse spectrum of participants, including secondary school students, university undergraduates, engineers, industry professionals, entrepreneurs, academic researchers, and subject matter experts representing a wide range of disciplines.
The competition seeks to inspire participants to develop and present innovative, sustainable technologies aimed at addressing pressing environmental, social, and economic challenges. It encourages the formulation of business models that integrate advanced technological solutions with core principles of sustainability. Moreover, it serves as a platform for emerging leaders, entrepreneurs, and innovators to contribute to the advancement of the Sustainable Development Goals, promote the ethos of responsible technology, and demonstrate its transformative potential across various sectors.
Attendees will have the opportunity to view a series of project presentations submitted by participants, covering diverse areas such as eco-friendly product design, smart and sustainable innovations, renewable energy technologies, water conservation and management, waste minimisation and recycling, green architectural solutions, and sustainable transportation systems. Outstanding projects will be formally recognised and awarded at the conclusion of the event.