If your insurance costs have risen steeply over the last few years, this is why – the insurance premium tax rate has risen to 12%, the fourth increase in just six years. Whilst cost shouldn’t be the only reason that you choose your broker wisely, it is always worth testing the market from time to time to ensure you’re getting the best cover for your business at the right price http://on.ft.com/2sHLwdT
Accommodation Restaurant & Food Services
Cyber Attacks
Cyber Attacks are still making headlines! Don’t leave your business exposed – give us a call today on 01730 265500 to discuss practical ways that you can safeguard your organisation http://reut.rs/2uemXDb
”
New computer virus spreads from Ukraine to disrupt world business
A new cyber virus spread from Ukraine to wreak havoc around the globe on Wednesday, crippling thousands of computers, disrupting ports from Mumbai to Los Angeles and halting production at a chocolate factory in Australia.
The virus is believed to have first taken hold on Tuesday in Ukraine where it silently infected computers after users downloaded a popular tax accounting package or visited a local news site, national police and international cyber experts said.
More than a day after it first struck, companies around the world were still wrestling with the fallout while cyber security experts scrambled to find a way to stem the spread.
Danish shipping giant A.P. Moller-Maersk (MAERSKb.CO) said it was struggling to process orders and shift cargoes, congesting some of the 76 ports around the world run by its APM Terminals subsidiary.
U.S. delivery firm FedEx Corp (FDX.N) said its TNT Express division had been significantly affected by the virus, which also wormed its way into South America, affecting ports in Argentina operated by China’s Cofco.
The malicious code locked machines and demanded victims post a ransom worth $300 in bitcoins or lose their data entirely, similar to the extortion tactic used in the global WannaCry ransomware attack in May.
More than 30 victims paid up but security experts are questioning whether extortion was the goal, given the relatively small sum demanded, or whether the hackers were driven by destructive motives rather than financial gain.
Hackers asked victims to notify them by email when ransoms had been paid but German email provider Posteo quickly shut down the address, a German government cyber security official said.
Ukraine, the epicenter of the cyber strike, has repeatedly accused Russia of orchestrating attacks on its computer systems and critical power infrastructure since its powerful neighbor annexed the Black Sea peninsula of Crimea in 2014.
The Kremlin, which has consistently rejected the accusations, said on Wednesday it had no information about the origin of the global cyber attack, which also struck Russian companies such as oil giant Rosneft (ROSN.MM) and a steelmaker.
“No one can effectively combat cyber threats on their own, and, unfortunately, unfounded blanket accusations will not solve this problem,” said Kremlin spokesman Dmitry Peskov.
