TIMES.KY

Cayman Islands, Caribbeanand International News
Thursday, Apr 25, 2024

Biden Says Ransomware Attack Caused "Minimal Damage" To US Companies

Biden Says Ransomware Attack Caused "Minimal Damage" To US Companies

"It appears to have caused minimal damage to U.S. businesses, but we're still gathering information," US President Joe Biden told reporters following a briefing from advisers.
President Joe Biden said on Tuesday the ransomware attack centered on the Florida information technology firm Kaseya seems to have inflicted only "minimal damage" on American businesses.

"It appears to have caused minimal damage to U.S. businesses, but we're still gathering information," Biden told reporters following a briefing from advisers.

"I feel good about our ability to be able to respond."

Friday's ransomware attack scrambled the data of hundreds of small businesses worldwide, including many in the United States. REvil, a prolific, Russia-linked cybercrime syndicate, took credit for the breach.

The president's comments follow a statement from Kaseya that the attack never posed a threat to critical U.S. infrastructure, which Biden declared off-limits during a summit with Russian President Vladimir Putin last month.

But the attack was another illustration of how cybercriminals believed to be operating from Russia are running amok in the United States. Biden has sought to push Putin to bring Russian cybercriminals to heel, so far to little visible effect.

Attacks have escalated recently. Last month REvil extorted meatpacker JBS into paying an $11 million ransom after snarling its supply chain. In May an intrusion by another Russia-linked group at major U.S. fuel transporter Colonial Pipeline led to panic buying, price spikes, and gasoline shortages up and down the East Coast.

White House spokeswoman Jen Psaki said earlier on Tuesday that senior U.S. officials would meet their Russian counterparts next week to discuss the ransomware menace.

"If the Russian government cannot or will not take action against criminal actors residing in Russia we will take action, or reserve the right to take action, on our own," she said.

The Russian Embassy in Washington and the U.S. National Security Council did not immediately return messages seeking further details about the meeting.

On Wednesday, Biden will meet with officials from the Justice Department, State Department, the Department of Homeland Security and the intelligence community to discuss ransomware and U.S. efforts to counter it, Psaki said.

The hack that struck Kaseya's clients - many of whom are back office IT shops commonly referred to as managed service providers - did not have the same kind of impact in the United States as the ransoming of Colonial Pipeline.

Disruption elsewhere was more severe.

In Sweden, many of the 800 grocery stores run by the Coop chain are still in the process of recovering from the attack, which knocked out most of its supermarkets, though a spokesman told Reuters "we have more open stores than closed ones now."

In New Zealand, 11 schools and several kindergartens were affected.

Germany's cybersecurity watchdog, BSI, said on Tuesday that it was aware of three IT service providers in Germany that have been affected, with a spokesperson estimating that several hundred companies were touched overall.

"In Germany there are no cases as prominent as the one in Sweden," the spokesperson added.

The hackers who claimed responsibility for the breach have demanded $70 million to restore all the affected businesses' data, although they have indicated a willingness to temper their demands in private conversations with a cybersecurity expert and with Reuters.

Kaseya's CEO told Reuters on Tuesday he would not reveal whether his company planned to pay the ransom or not, or even whether it was negotiating with REvil.

Psaki said that while the administration discouraged such payments, questions about whether the data would be ransomed should be directed to Kaseya.
Newsletter

Related Articles

TIMES.KY
0:00
0:00
Close
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Israel: Unprecedented Civil Disobedience Looms as IDF Reservists Protest Judiciary Reform
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
Europe is boiling: Extreme Weather Conditions Prevail Across the Continent
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Italian Court's Controversial Ruling on Sexual Harassment Ignites Uproar
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
BBC Personalities Rebuke Accusations Amidst Scandal Involving Teen Exploitation
A Swift Disappointment: Why Is Taylor Swift Bypassing Canada on Her Global Tour?
Historic Moment: Edgars Rinkevics, EU's First Openly Gay Head of State, Takes Office as Latvia's President
Bye bye democracy, human rights, freedom: French Cops Can Now Secretly Activate Phone Cameras, Microphones And GPS To Spy On Citizens
The Poor Man With Money, Mark Zuckerberg, Unveils Twitter Replica with Heavy-Handed Censorship: A New Low in Innovation?
Unilever Plummets in a $2.5 Billion Free Fall, to begin with: A Reckoning for Misuse of Corporate Power Against National Interest
Beyond the Blame Game: The Need for Nuanced Perspectives on America's Complex Reality
Twitter Targets Meta: A Tangle of Trade Secrets and Copycat Culture
The Double-Edged Sword of AI: AI is linked to layoffs in industry that created it
US Sanctions on China's Chip Industry Backfire, Prompting Self-Inflicted Blowback
Meta Copy Twitter with New App, Threads
The New French Revolution
BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner
×