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On Thursday evening, a significant <keyword id="22471557" type="General" weightage="20" keywordseo="global-cyber-outage" source="keywords">global cyber outage</keyword> began, causing a massive disruption to Microsoft Windows users around the world. This event impacted users in countries including India, Australia, Germany, the United States, and the UK, with affected systems displaying the dreaded <keyword id="22469490" type="General" weightage="20" keywordseo="Blue-Screen-of-Death" source="keywords">Blue Screen of Death</keyword> (BSOD). This malfunction led to automatic system restarts or shutdowns, severely hampering productivity and operations across various sectors. The root cause, as identified by companies like Dell Technologies, was linked to a recent update from the <keyword id="19906883" type="General" weightage="20" keywordseo="cybersecurity" source="keywords">cybersecurity</keyword> firm <keyword id="20424191" type="General" weightage="20" keywordseo="CrowdStrike" source="keywords" meta.keywordsubtype="org" meta.entityname="CrowdStrike" meta.hostid="261" meta.entityid="CrowdStrike">CrowdStrike</keyword>. The outage had far-reaching consequences, particularly for essential systems used by several airlines. In the US, carriers such as American Airlines, Frontier Airlines, Allegiant, and Sun Country experienced operational disruptions. Similarly, in India, IndiGo and other airlines were affected. Beyond the aviation industry, the outage also disrupted banks, supermarkets, media outlets, and other businesses who are extensively reliant on Microsoft's cloud services. <h2>What is CrowdStrike?</h2>CrowdStrike is a leading cybersecurity company known for its advanced security solutions designed to protect against <keyword id="19973480" type="General" weightage="20" keywordseo="data-breaches" source="keywords">data breaches</keyword>, <keyword id="19955190" type="General" weightage="20" keywordseo="ransomware" source="keywords">ransomware</keyword>, and <keyword id="19945689" type="General" weightage="20" keywordseo="cyber-attacks" source="keywords">cyber attacks</keyword>. Founded in 2012 by former McAfee employee George Kurtz, CrowdStrike has become a critical player in the cybersecurity landscape, serving a diverse clientele that includes global investment banks, universities, and major corporations. <div type="Article" hostid="261" msid="111858142" title="Global cyber outage: Microsoft users report &amp;#39;blue screen of death&amp;#39;; flights cancelled" mstype="2" mssubtype="0"></div>At the heart of CrowdStrike's offerings is the <keyword id="21411329" type="General" weightage="20" keywordseo="Falcon-platform" source="keywords">Falcon platform</keyword>. This comprehensive cybersecurity solution uses a single sensor and a unified threat interface to provide real-time indicators of attacks, hyper-accurate detection, and automated protection. The platform is designed to correlate attacks across endpoints, workloads, and identities, effectively stopping identity-driven breaches in real time. The recent issues stemmed from an update to CrowdStrike’s Falcon sensor. This update reportedly caused the sensor to malfunction, leading to conflicts with Windows systems and resulting in the widespread blue screen errors. CrowdStrike acknowledged the error and has since been actively working on a resolution. The company assured users that there was no need to open a support ticket and promised to provide updates as they become available. <h2>CrowdStrike, Sony, and <keyword id="19910206" type="General" weightage="20" keywordseo="North-Korea" source="keywords">North Korea</keyword></h2>CrowdStrike is no stranger to the spotlight, having been involved in several high-profile cyber investigations. One notable case is the 2014 Sony Pictures hack, where a group called the Guardians of Peace, believed to be affiliated with North Korea, hacked into Sony Pictures Entertainment. <div type="Article" hostid="261" msid="111856595" title="Microsoft outage – London Stock Exchange, banks and airlines across the world affected" mstype="2" mssubtype="0"></div>GoP stole vast amounts of information and threatened acts of terrorism against movie theatres unless Sony cancelled the release of "The Interview," a comedy about the assassination of North Korean leader Kim Jong Un. In this investigation, CrowdStrike discovered evidence that seemed to definitively connect North Korean players to the Sony hacking. <h2>The “Blue Screen of Death” explained</h2>The Blue Screen of Death (BSOD) is a critical error screen displayed on Windows operating systems when a severe system issue occurs, preventing safe operation. This error forces the computer to restart unexpectedly, often resulting in data loss. In the recent incident, the BSOD error message indicated that the PC ran into a problem and needed to restart, leaving users frustrated and businesses scrambling for solutions. While Microsoft has confirmed that the Azure outage has been resolved, the incident has brought a spotlight to the potential risks associated with heavy reliance on cloud services. Meanwhile, CrowdStrike has offered solutions on its members-only platform and continues to address the fallout from the outage.

Global Cyber Outage: What is CrowdStrike? How is it linked to the global Microsoft outage?

India has been the worst hit by <keyword id="6362094" type="PERSON" weightage="20" keywordseo="Ransomware">ransomware</keyword> in the Asia Pacific (APAC) region, with 74 per cent of organisations having suffered a ransomware attack this year, as compared to 67 per cent in Australia, 52 per cent in Japan and 46 per cent in Singapore, said a survey on Wednesday. About 34 per cent Indian respondents shared that they have paid between $1 million-$2.5 million as a result of malware attacks in the last 12 months as compared to 21 per cent in Japan, 69 per cent in Singapore and 23 per cent in Australia, showed the survey by US-based cybersecurity company CrowdStrike. Indian organisations feel most threatened by eCrime groups (90 per cent), hacktivists (77 per cent) and insider threats (66 per cent) followed by threats from nation states (64 per cent), according to the "2020 CrowdStrike Global Security Attitude Survey." The results showed that 76 per cent respondents feel most threatened by cyberattacks originating from China followed by Pakistan (48 per cent) and Russia (43 per cent). China has been a common threat across regions with 75% in Japan, 72% in Singapore and 72% in Australia. More than half of Indian organisations feel that nation state attacks will be the biggest concern for 2021. "This year has been especially challenging for organisations of all sizes around the world, with both the proliferation of ransomware and growing tensions from nation-state actors posing a massive threat to regions worldwide," Michael Sentonas, Chief Technology Officer, CrowdStrike, said in a statement. "Now more than ever, organisations are finding ways to rapidly undergo digital transformation to bring their security to the cloud in order to keep pace with modern-day threats and secure their 'work from anywhere' operations." The Covid-19 pandemic catalysed increasing concerns around <keyword id="2989696" type="PERSON" weightage="20" keywordseo="ransomware-attacks">ransomware attacks</keyword>, with many organisations resorting to paying the ransom. The global attitude has shifted from a question of if an organisation will experience a ransomware attack to a matter of when an organisation will inevitably pay a ransom. The APAC region is suffering the most when paying the ransom with the highest average payout at $1.18 million, followed by EMEA (Europe, the Middle East and Africa) at $1.06 million and the US at $0.99 million. The study surveyed 2,200 senior IT decision-makers and IT security professionals in the US, the UK, France, Germany, Spain, Italy, the Netherlands, Middle East, India, Japan, Singapore and Australia across major industry sectors. The report details the attitudes and beliefs of those in charge of cybersecurity, and tracks how they are faring against sophisticated and pervasive cyberattacks. SEE ALSO: <a href="https://www.businessinsider.in/careers/news/capgemini-hr-head-explains-why-the-french-it-major-is-going-crazy-hiring-in-india-and-around-the-world/articleshow/79277396.cms">EXCLUSIVE: Capgemini HR head explains why the French IT major is going crazy hiring in India and around the world</a> <a href="https://www.businessinsider.in/business/news/indiamart-and-justdial-in-legal-battle-over-copyright-violations/articleshow/79275178.cms">IndiaMart and JD Mart gear up for a legal battle over copyright infringement — even as Justdial calls IndiaMart’s allegations ‘baseless’</a> <a href="https://www.businessinsider.in/india/news/cipla-launches-a-new-rapid-antibody-detection-test-for-covid-19-which-will-give-you-results-in-less-than-10-minutes/articleshow/79275894.cms">Cipla launches Covi-G — a new rapid antibody detection test for COVID-19 which will give you results in less than 10 minutes</a>

Indian businesses hit by more ransomware attacks than Australia, Japan and Singapore reveals new survey

New Delhi, At least 61 entities from the Asia Pacific (APAC) region were breached by a targeted <keyword id="10424866" type="UNKNOWN" weightage="20" keywordseo="ransomware-group">ransomware group</keyword> in 2020, <keyword id="10424865" type="UNKNOWN" weightage="20" keywordseo="global-cybersecurity-company-kaspersky">global cybersecurity company Kaspersky</keyword> has revealed. Also dubbed as "Ransomware 2.0", this type of attack goes beyond keeping a company's or an organization's data hostage. These groups are now utilizing the increasingly valued <keyword id="2820782" type="PERSON" weightage="20" keywordseo="digital-reputation">digital reputation</keyword> to force their prey to pay a hefty ransom. Australia and India logged the highest number of incidents across APAC, the company said. "Targeted ransomware has been a problem for many Asian enterprises. Over 61 companies were breached this way in Asia alone. In some cases, the Maze ransomware gang claimed responsibility and published stolen data from the compromised companies," Vitaly Kamluk, Director of <keyword id="2650255" type="COMPANY" weightage="20" keywordseo="Global-Research-and-Analysis-Team">Global Research and Analysis Team</keyword> (GReAT) for APAC at Kaspersky, said in a statement. In terms of industries, Kaspersky's data showed that organizations that were breached belonged to sectors including the light industry, including the manufacturing of clothes, shoes, furniture, consumer electronics, and home appliances; public service; media and technology, heavy industry; consulting; finance and logistics. "Pressure tactic is a serious threat to public and private organizations. This attack plays on companies' digital reputation as it threatens to divulge data of a breached entity, compromising its security and its name at the same time," Kamluk added. Kamluk noted that digitalization has birthed different pressure points for a company. Earlier, enterprises' main concerns only included business continuity and, depending on the industry, government regulation. Now, surviving in the era of the digital reputation economy means that they should also be aware of business trust -- with their partners and customers -- as well as public opinion. A recent survey conducted by Kaspersky showed that 51 percent of users in APAC agree that a company's online reputation is essential. Almost half also admitted that they avoid companies who were involved in a scandal or had received negative news coverage online. To stay ahead of their enemies, organizations need to make backups, simulate attacks, and prepare an action plan for disaster recovery, Kamluk said. SEE ALSO: <a href="https://www.businessinsider.in/science/space/news/dos-and-donts-during-solar-eclipse-surya-grahan/articleshow/76436997.cms">The do’s and don’ts of a Solar Eclipse — here what you need to know to protect yourself</a> <a href="https://www.businessinsider.in/science/space/news/solar-eclipse-december-2020-time-date-everything-you-need-to-know/articleshow/79697355.cms">The total solar eclipse and its 'diamond rings' won't be visible in India on December 14</a>

Ransomware 2.0 breaches 61 companies across the Asia-Pacific —India and Australia log the highest number of incidents

New Delhi, Dec 5 () Software major Wipro Ltd on Thursday announced the launch of its cyber defence centre in Melbourne, Australia.
 The Indian IT giant also has plans to come up with more such centres in other cities in Australia, which will offer resilience and digital protection to large government organisations.
 "Wipro Limited...announced the launch of its NextGen Cyber Defence Centre
(CDC) in Melbourne, Australia," the company said in a filing to the BSE.
 With the launch of this centre, Wipro aims to make substantial investments to upskill its employees, hire more local resources and generate more than 100 jobs in Melbourne for cyber security specialists.
 According to Wipro's recently released State of Cybersecuritv Report 2019 (in which 10 per cent of the global organisations surveyed were from Australia), 55 per cent of the respondents highlighted digital lockdowns due to ransomware attacks are their top cyber risk. 
 "The worldwide breach rate i.e. number of records stolen per sec has gone up to 232 records per second from the previous year's average of 88 records/sec," the company said.
 ln the same report, only 25 per cent of respondents said that they are carrying
out security assessments in every build cycle before pushing applications out to the internet.
 The cyber defence centre is the first local shared security operations centre for Wipro in Australia and will provide customers with the ability to rapidly expand capacity and run their security operations in compliance with the local data requirements. 
 "Wipro's NextGen...Security Operations Centre will assist customers to actively manage their cyber risks by leveraging managed services around threat intelligence, security monitoring and analytics, vulnerability management, incident response and regulatory compliance," it said. 
 Shares of the company were trading at Rs 243.80 apiece on the BSE. SID MKJ

Wipro launches cyber defence centre in Melbourne, Australia

<ul class="summary-list"><li><keyword id="11896045" type="UNKNOWN" weightage="60" keywordseo="binance" source="Orion">Binance</keyword> said de-platformed <keyword id="12160289" type="UNKNOWN" weightage="60" keywordseo="suex" source="Orion">Suex</keyword> earlier this year, even before it was blacklisted by the <keyword id="11930600" type="UNKNOWN" weightage="60" keywordseo="us-treasury" source="Orion">US Treasury</keyword> Department.</li><li>The agency sanctioned the Russian crypto exchange for its role in laundering financial transactions for ransomware actors.</li><li>"Make no mistake - this is a positive development for the industry and the millions of innovators, consumers, and investors," Binance said.</li></ul><keyword id="11948910" type="UNKNOWN" weightage="60" keywordseo="binance-holdings" source="Orion">Binance Holdings</keyword>, the world's largest cryptocurrency exchange, said it de-platformed recently sanctioned Russian-owned cryptocurrency exchange Suex earlier this year, even before it was blacklisted by the US Treasury Department, according to a blog post published <a href="https://www.binance.com/en/blog/421499824684902798/ecosystem/innovation-regulation-and-the-future-of-the-crypto-industry">Wednesday</a>.Suex on Tuesday was <a href="https://home.treasury.gov/system/files/126/ofac_ransomware_advisory.pdf">sanctioned by the Biden Administration</a> for its role in laundering financial transactions for ransomware actors. This marked the <a href="https://markets.businessinsider.com/news/currencies/us-treasury-crypto-exchange-suex-sanction-blacklist-ransomware-attack-payment-2021-9">first time</a> the Treasury has ever blacklisted a cryptocurrency exchange.The agency added Suex to its Specially Designated Nationals list, blacklisting 25 blockchain addresses the Czech Republic-based company used. The designation would generally ban all US citizens from engaging in transactions with them. "We de-platformed these accounts based on internal safeguards," Binance said. "Information regarding the addresses in the announcement, as well as other information from our internal investigation, was shared with the appropriate authorities."Binance added that several accounts related to the addresses that the Treasury flagged were identified by its investigative team earlier this year."Make no mistake - this is a positive development for the industry and the millions of innovators, consumers, and investors across the globe that contribute to blockchain's growth each day," Binance said.An analysis of transactions of Suex showed that over 40% were associated with illicit actors, according to the Treasury's <a href="https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210921" target="_blank" rel="noopener">announcement</a>, adding that the crypto exchange also facilitated illicit funds from at least eight ransomware variants.Suex, according to Binance, is just the latest illicit entity it took action against. Most recently, its efforts included the <a href="https://www.binance.com/en/blog/421499824684902240/binance-helps-take-down-cybercriminal-ring-laundering-$500m-in-ransomware-attacks">Fancycat operation</a> and <a href="https://www.binance.com/en/blog/421499824684900882/the-bulletproof-exchanger-project-how-binance-helped-take-down-a-cybercriminal-group-laundering-$42m">Bulletproof Exchanger Project</a>."At Binance, we recognize what it means to be the industry leader versus simply being the largest player in the industry," the company said. "As an industry, we must tackle this challenge head-on in partnership with law enforcement across the globe."Binance itself has not been without controversy. It is being probed over <a href="https://markets.businessinsider.com/news/currencies/binance-insider-trading-investigation-traded-customer-orders-intensifying-us-probe-2021-9">possible insider trading</a> and market manipulation by US regulators. It also recently announced shutting down cryptocurrency derivative products for existing customers in Australia by the end of the year to appease regulators.But in September, Binance, which was founded in 2017 and does not have a formal headquarters, said it needs <a href="https://markets.businessinsider.com/news/currencies/binance-changpeng-zhao-cryptocurrency-regulators-warnings-bans-headquarters-2021-9">centralized headquarters</a> to work well with regulators all over the world. The admission comes after months of being <a href="https://markets.businessinsider.com/news/currencies/binance-uk-fca-risk-financial-regulation-crypt-exchange-changpeng-zhao-2021-8">slapped with multiple warnings</a>, and in some jurisdictions, banned from operating due to its failure to register with local regulators.

Binance says it de-platformed Russian crypto exchange Suex earlier this year even before it was sanctioned by the US Treasury

<ul class="summary-list"><li><keyword id="11894337" type="UNKNOWN" weightage="60" keywordseo="russia" source="Orion">Russia</keyword> is using food as a weapon, partly by blocking Ukrainian ports, a US official said.</li><li>Secretary of state Antony Blinken made the comments at a UN security council meeting Thursday. </li></ul>The US has accused Russia of enabling a global <keyword id="13544066" type="UNKNOWN" weightage="60" keywordseo="food-crisis" source="Orion">food crisis</keyword> and holding supplies "hostage" by blocking Ukrainian ports."The food supply for millions of Ukrainians and millions more around the world has quite literally been held hostage by the Russian military," US secretary of state Antony Blinken <a href="https://media.un.org/en/asset/k10/k10mjpv1u3">said</a> at a UN security council meeting Thursday. The Guardian and other outlets reported on the <keyword id="11893589" type="UNKNOWN" weightage="60" keywordseo="news" source="Orion">news</keyword>.Blinken demanded that Russia end its blockade of <keyword id="11985141" type="UNKNOWN" weightage="60" keywordseo="ukraine" source="Orion">Ukraine</keyword>'s ports to ensure that vital food and fertilizer shipments can continue to flow.Warning that food insecurity could rise, he cited figures from the World Food Programme (WFP) and the Food and Agriculture Organization. According to an <a href="https://docs.wfp.org/api/documents/WFP-0000138289/download/?_ga=2.197822767.1221813507.1653044188-175411231.1651569984">April WFP report</a>, up to 323 million could become food insecure in 2022 due to the conflict, up from a prewar baseline of 276 million people.The Ukraine conflict has <a href="https://www.businessinsider.com/ukraine-war-has-led-to-the-biggest-commodity-price-shock-in-50-years-2022-4">disrupted exports</a> from two <a href="https://www.businessinsider.com/what-russias-invasion-ukraine-means-global-food-supplies-2022-3">key players</a> in the global commodities markets, curtailing production due to fighting and blocked ports. Russia is the <a href="https://www.businessinsider.com/what-russias-invasion-ukraine-means-global-food-supplies-2022-3">world's largest exporter of wheat</a>, while Ukraine is a <a href="https://www.businessinsider.com/what-russias-invasion-ukraine-means-global-food-supplies-2022-3">significant exporter</a> of grains such as wheat and corn, accounting for <a href="https://think.ing.com/articles/russia-ukraine-conflict-what-it-means-for-grain-markets">12% and 17% of global supply</a>."The Russian government seems to think that using food as a weapon will help accomplish what its invasion has not – to break the spirit of the Ukrainian people," Blinken added at the meeting.His comments come after increased warnings by experts on cyber attacks on smart technology used in farming. This is a growing concern given that it could exacerbate the impact of the Ukraine conflict on the global food supply chain, <a href="https://www.bbc.co.uk/news/science-environment-61336659?at_medium=RSS&amp;at_campaign=KARANGA">BBC News reported.</a>A major US agriculture firm, AGCO, faced a <a href="https://news.agcocorp.com/news/agco-provides-update-on-recovery-from-ransomware-cyber-attack">ransomware attack</a> last week that affected production. In April, cyber security authorities from the US, UK, Canada, Australia, and New Zealand had <a href="https://www.cisa.gov/uscert/ncas/alerts/aa22-110a">warned of Russian-state sponsored attacks</a> that could impact global supply chains.Earlier on Thursday, former Russian President Dmitry Medvedev said the country was ready to allow the flow of food to avert possible famine in some countries, but expected "assistance from trading partners, including on <keyword id="6356001" type="UNKNOWN" weightage="100" keywordseo="international" source="Orion">international</keyword> platforms.""Otherwise, there's no logic: on the one hand, insane sanctions are being imposed against us, on the other hand, they are demanding food supplies," Medvedev said in a <a href="https://t.me/medvedev_telegram/82">post on Telegram. </a>"We have every opportunity to ensure that other countries have food, and food crises do not happen. Just don't interfere with our work," he added.

US accuses Russia of holding the world's food supply 'hostage.' It comes as experts warn that cyber attacks could impact global supply chains.

Welcome to 10 Things Before the <keyword id="11907548" type="UNKNOWN" weightage="60" keywordseo="opening-bell" source="Orion">Opening Bell</keyword>. If this was forwarded to you, <a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell">sign up here.</a> Plus, download Insider's app for news on the go - <a href="https://apps.apple.com/app/apple-store/id554260576?pt=385758&amp;ct=06292021_newsletters&amp;mt=8amp;mt=8">click here for iOS</a> and<a href="https://play.google.com/store/apps/details?id=com.freerange360.mpp.businessinsider"> here for Android</a>.Let's jump in.1. Dow futures have plunged 500 points as a looming default by Chinese property giant Evergrande rattles investors. The fear is that losses suffered by creditors who provided $350 billion in debt will spread damage into the financial system. <a href="https://markets.businessinsider.com/news/stocks/stock-market-today-evergrande-default-loan-payment-fed-meeting-oil-2021-9">See how markets are doing now</a>. 2. The White House is gearing up to combat crypto use in ransomware attacks. Per The Wall Street Journal, the US government is preparing a slew of actions to make it more difficult for hackers to use cryptocurrencies to profit from cyber attacks. <a href="https://markets.businessinsider.com/news/currencies/cryptocurrency-ransomware-attacks-hackers-biden-administration-sanctions-cyber-crime-2021-9">Some sanctions could roll out as early as next week.</a>3. Sam Bankman-Fried spoke to us about the "absolutely huge opportunity" in crypto derivatives trading. The 29-year-old billionaire CEO of FTX explained why it's a win-win for regulators and the industry, and shared <a href="https://www.businessinsider.com/crypto-derivatives-huge-opportunity-us-ftx-bankman-fried-ledgerx-nft-2021-9">three more trends he's watching</a>.4. Earnings on deck: Lennar Corp, Corporación Financiera Alba, and Karoon Gas Australia are all <a href="https://markets.businessinsider.com/earnings-calendar">reporting.</a> 5. Big companies like Shake Shack and Marriott are facing a labor shortage. Corporate leaders have noted hiring challenges as pandemic fears, stimulus checks and controversy over vaccines have ramped up. <a href="https://markets.businessinsider.com/news/stocks/shake-shack-marriott-johnson-company-executives-bemoan-painful-labor-shortage-2021-9">Here's what executives are saying about the problem. </a>6. The meme-stock boom is like the dot-com bubble, says a Moody Analytics researcher. Lily Francus warned traders not to get greedy, and dismissed the idea that retail traders spearheaded the short squeezes earlier this year.<a href="https://markets.businessinsider.com/news/stocks/lily-francus-moodys-analytics-gamestop-amc-crypto-meme-stocks-bubble-2021-9"> Read the key takeaways from her recent, wide-ranging interview</a>.7. Ether should be 55% lower, a JPMorgan strategist says. Based on measures of network activity, Ether's fair value is around $1,500, far lower than its current price. <a href="https://markets.businessinsider.com/news/currencies/ether-price-outlook-eth-solana-cardano-jpmorgan-blockchain-lower-competition-2021-9">Here's why he thinks blockchains such as solana and cardano are becoming more competitive with ether. </a>8. Tesla could see a boost as chip-shortage woes subside. According to Wedbush analyst Dan Ives, shares of the EV company could jump 32% in the next year as semiconductor supply increases and demand for EVs rises in the next year. Ives says<a href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-target-ives-wedbush-chip-shortage-china-deliveries-2021-9"> Tesla is set to benefit from the coming "green tidal wave."</a>9. Meet eight strategists calling for a stock-market correction by the end of 2021. The mood is turning bearish on Wall Street as the S&amp;P 500 extends an impressive streak without a big drop. <a href="https://www.businessinsider.com/stock-market-correction-crash-wall-street-bearish-equities-investing-recommendations-2021-9">Read the experts' calls and their trading recommendations for a sell-off</a>. 10. Goldman Sachs is singling out stocks that are beating the market because of their histories of steady growth. These names are popular with investors due to worries about the economy and higher taxes. <a href="https://www.businessinsider.com/stock-picks-to-buy-market-leaders-quality-growth-goldman-sachs-2021-9">See 17 picks on the list</a>. Compiled by Phil Rosen. Feedback? Email <a href="mailto:prosen@insider.com">prosen@insider.com</a> or tweet <a href="https://twitter.com/philrosenn">@philrosenn</a>.Sign up for <a href="https://www.businessinsider.com/subscription/newsletter">more Insider newsletters here</a>.

10 things before the opening bell

<ul class="summary-list"><li>US stocks were mixed Tuesday following Monday's sell-off.</li><li>Investors are eagerly anticipating the outcome of the two-day meeting of the FOMC beginning that began on Tuesday.</li><li>Gold, and oil edged higher. Bitcoin hovered around $42,000.</li></ul>US stocks struggled to regain their footing Tuesday following a brutal sell-off sparked by beleaguered Chinese developer Evergrande during Monday's session. Investors, meanwhile, are awaiting the outcome of the Federal Reserve's two-day Federal Open Market Committee meeting beginning that kicked off on Tuesday. The <keyword id="11907242" type="UNKNOWN" weightage="60" keywordseo="dow-jones-industrial-average" source="Orion">Dow Jones Industrial Average</keyword> and <keyword id="30287" type="UNKNOWN" weightage="60" keywordseo="sp" source="Orion">S&amp;P</keyword> 5oo both ended lower, while the <keyword id="6357328" type="UNKNOWN" weightage="60" keywordseo="nasdaq" source="Orion">Nasdaq</keyword> eked out a gain.Here's where US indexes stood at the 4:00 p.m. close on Tuesday: <ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingesttm_medium=ingest" target="_blank" rel="noopener">S&amp;P 500</a>: 4,354.15, down 0.08%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestedium=ingest" target="_blank" rel="noopener">Dow Jones Industrial Average</a>: 33,920.49, down 0.15% (49.98 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestedium=ingest" target="_blank" rel="noopener">Nasdaq Composite</a>: 14,746.40, up 0.22%</li></ul>"Financial <keyword id="11893875" type="UNKNOWN" weightage="100" keywordseo="markets" source="Orion">markets</keyword> have Evergrande as the top story and will enter wait-and-see mode until a meaningful update from the Chinese government," Edward Moya, senior market analyst at foreign exchange firm Oanda, said in a note Tuesday. "The Evergrande story won't lead to contagion in the US but there are so many questions about who will be protected once China says 'enough' and swoops in."Evergrande, China's second-largest property developer, has <a href="https://markets.businessinsider.com/news/stocks/evergrande-stock-market-selloff-what-to-know-debt-crisis-china-2021-9?utm_source=markets&amp;utm_medium=ingestgest">more than $300 billion</a> in liabilities and could miss key interest payments due Thursday. There are no signs yet that the Chinese government will step in to save the company.On top of Evergrande concerns, investors are anxious about the Federal Reserve's potential tapering of stimulus and the risk of a prolonged period of inflation.While several analysts, including those at BlackRock Investment Institute, do not expect Fed Chair Jerome Powell to announce any policy change this month, they are still keeping a close eye on any signal of how he plans to scale back monetary support, which includes tapering asset purchases."We expect the Fed to start normalizing policy rates in 2023, a much slower pace than market pricing for lift-off in 2022 indicates," the BlackRock analysts said in a <a href="https://www.blackrock.com/corporate/insights/blackrock-investment-institute/publications/weekly-commentary">note</a>.Another issue that might be discussed, according to Moya, is the <a href="https://markets.businessinsider.com/news/stocks/fed-presidents-kaplan-rosengren-share-trades-conflicts-interest-apple-tesla-2021-09">multi-million-dollar stock purchases</a> of Dallas and Boston Federal Reserve presidents Robert Kaplan and Eric Rosengren, which involved purchases of big-name firms like Apple, Alibaba, and Tesla."If the Fed struggles to deal with intensifying scrutiny after their ethics review, the FOMC could lose two of its hawkish members," Moya said.Elsewhere, Fintech firm Revolut <a href="https://markets.businessinsider.com/news/stocks/revolut-commission-free-trading-retail-investing-robinhood-payment-flow-order-2021-9">plans to offer commission-free stock trading</a> to US clients as the London-based startup takes on rivals like <a href="https://markets.businessinsider.com/stocks/hood-stock?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Robinhood</a> and <a href="https://markets.businessinsider.com/stocks/sq-stock?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Square</a> amid a boom in retail investing, <a href="https://www.cnbc.com/2021/09/21/revolut-the-33-billion-fintech-player-is-rolling-out-commission-free-stock-trading-in-the-us-.html" target="_blank" rel="noopener">CNBC</a> first reported Tuesday.In cryptocurrencies, the <a href="https://markets.businessinsider.com/news/currencies/us-treasury-crypto-exchange-suex-sanction-blacklist-ransomware-attack-payment-2021-9">US Department of the Treasury</a> on Tuesday revealed it will <a href="https://home.treasury.gov/system/files/126/ofac_ransomware_advisory.pdf" target="_blank" rel="noopener">sanction Russian-owned Suex</a> for its role in laundering financial transactions for ransomware actors, marking the first time the agency has ever blacklisted a cryptocurrency exchange.Meanwhile, Binance, the world's largest cryptocurrency exchange, is <a href="https://markets.businessinsider.com/news/currencies/binance-crypto-derivatives-futures-australia-regulator-options-leveraged-stop-close-2021-9">shutting down cryptocurrency derivative products</a> for existing customers in Australia by the end of the year, the latest bid by the exchange to appease regulators.<a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-evergrande-default-crypto-sell-off-spillover-global-stocks-2021-9#:~:text=the%20Opening%20Bell.-,Bitcoin,-fell%20below%20%2445%2C000">Bitcoin</a> <a href="https://markets.businessinsider.com/news/currencies/bitcoin-crypto-cardano-ethereum-solana-altcoin-china-evergrande-selloff-contagion-2021-9">hovered just above $42,000</a> after a broader cryptocurrency sell-off Monday. Oil prices rebounded. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">West Texas Intermediate crude</a> climbed 0.31%, to $70.51 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestarkets&amp;utm_medium=ingest" target="_blank" rel="noopener">Brent crude</a>, oil's international benchmark, rose 0.88%, to $74.57 per barrel.<a href="https://markets.businessinsider.com/commodities/gold-price?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Gold</a> jumped 0.56%, to $1,774.99 per ounce.

US stocks struggle to recover from Evergrande rout while investors await the outcome of Fed meeting

New Delhi, May 12 () Cybercrooks are using COVID-19 to make ransomware and phishing attacks on people, and over 9,000 coronavirus-themed attacks were noticed in India between February 2 and May 2, according to a Microsoft executive. "Between February 2 and May 2, we saw 9,100 total file encounters related to COVID-19 or coronavirus. It means our detection tools actually saw malware or URL or an attachment or a phishing email that was using COVID-19 as a lure to get somebody to download malware to the system or potentially to give up their credentials via a phishing attack," Microsoft Corp Corporate Vice President (Cybersecurity Solutions Group) Ann Johnson told reporters on a conference call. About 19 million such attacks were noted in Asia, she added. "India was actually one of the lower countries or the only country that was lower (among) those we track was Australia so. So, India had some pretty good controls in place," she said. She noted that cybercriminals are taking advantage of the coronavirus outbreak, and are targeting employees with phishing lures and malware. "That is exacerbated by the fact that workforces are now largely remote and under a lot of stress. They may not have been equipped in their homes to work remotely...we really do believe that technology needs to help our employees, customers, employees and IT professionals to navigate this crisis...We're seeing a lot of different pockets of attacks," she said. Johnson said some ransomware attacks will start in one department of an organisation. Once the cybercriminals see they can monetise that attack, they move to another department in the organisation to really maximise the impact. She said some of these attacks will claim things like if the person clicks on the given link, they will be the first of 1,000 people to get the newest coronavirus vaccine. "So, there's this sense of urgency that the bad actors tried to drive to because they don't want the employees to have the opportunity to go ask a colleague. They know people are working from home potentially, so they can't just walk to the next cubicle or walk down the hall, they may have to phone somebody or e-mail them, and they give this urgency around these phishing attacks that the person must respond right away," she said. Johnson said these attacks are targeting vulnerable places like healthcare organisations, state and local government, and critical infrastructure. She said enterprises, at times like this, need to have "digital empathy" as employees are working remotely, potentially outside of the company's firewall. Johnson said organisations should ensure that employees are given necessary tools and education, and that there are lines of communication available in case they face any issue. SR HRS

9,100 coronavirus-themed cyberattacks witnessed in India between Feb 2-May 2: Microsoft

Hello, and welcome to this week's edition of the Insider Tech <keyword id="621414" type="PERSON" weightage="60" keywordseo="Newsletter">newsletter</keyword>, where we break down the biggest news in tech, including:<ul><li><a href="https://www.businessinsider.com/twitter-blue-subscription-service-price-undo-tweet-2021-5">Twitter wants your money;</a></li><li><a href="https://www.businessinsider.com/oracle-cloud-infrastructure-insiders-clay-magouyrk-2021-5">Oracle's feared cloud boss;</a></li><li><a href="https://www.businessinsider.com/inside-the-world-of-angel-investor-jason-calacanis-2021-5">What it's really like working with angel investor Jason Calacanis.</a></li></ul><h4><a href="http://newsletter.businessinsider.com/join/4np/insider-tech">Did someone forward this newsletter to you? Sign up here.</a></h4>Soundtrack: This week's newsletter has been specially designed to be consumed while listening to <a href="https://www.youtube.com/watch?v=Q_9Zl_fSwd4">The Toasters' "Weekend in LA"</a><h3><a href="https://www.businessinsider.com/twitter-blue-subscription-service-price-undo-tweet-2021-5">This week: Twitter dips its toes in the pay-to-play waters</a></h3><a href="https://www.businessinsider.com/twitter-blue-subscription-service-price-undo-tweet-2021-5"></a>Perhaps you've noticed the expanding number of charges for video streaming subscriptions on your credit card statement. What started with a Netflix subscription has become monthly payments for <a href="https://www.businessinsider.com/analysts-predict-global-tv-industry-winners-losers-next-decade-2020-12">a half dozen or more video services</a>, from Apple+ and Disney+ to HBOMax and Peacock Premium.Could the same pay-to-play fate await our social <keyword id="6354777" type="COMPANY" weightage="60" keywordseo="Media">media</keyword> and communications apps? <ul><li>This week, <keyword id="6354616" type="UNKNOWN" weightage="60" keywordseo="Twitter">Twitter</keyword> unveiled <a href="https://www.businessinsider.com/twitter-blue-subscription-service-price-undo-tweet-2021-5">Twitter Blue, a $2.99 per month premium version </a>of the service aimed at power users.</li><li>Twitter Blue, which is currently available only in Australia and Canada, lets users <a href="https://www.businessinsider.com/twitter-launches-first-paid-subscription-service-twitter-blue-2021-6">"unsend" (but not edit!)</a> tweets, get faster customer response for problems, and ... change the colors of the app. </li><li>Twitter seems serious about figuring out how to get its users to pay; it also has efforts to let influencers <a href="https://www.businessinsider.com/twitter-prepares-ticketed-spaces-launch-plans-take-20-cut-2021-5">sell tickets to audio chats (with Twitter taking a 20% cut)</a> and it introduced <a href="https://www.businessinsider.com/what-is-twitter-super-follow-analyst-day-subscriptions-2021-2">a "Super Follow" feature</a> that lets Twitters users charge their followers $4.99 a month or more for access to content. </li></ul>Twitter will never get rid of the free version of its product - but there's precedent for a premium Twitter. Back in 2010 there was a thriving market of third-party Twitter "client" apps that connected to Twitter's API and offered power users extra options. Many of these client apps cost a few bucks to download, and charged additional a la carte fees for extra features. But: Twitter <a href="https://www.businessinsider.com/twitter-war-ubermedia-2011-2">kneecapped the third-party clients</a> market starting in 2011 by <a href="https://www.businessinsider.com.au/twitter-api-changes-chart-2012-8">restricting access ot its API</a> - a controversial move that was necessary for Twitter to keep people on its own site so it could build an ad business. Now, ten years later, ads aren't enough, and Twitter is turning to a business model it once squashed.In other social media news:Trump is banned from Twitter forever. But he could be <a href="https://www.businessinsider.com/facebook-will-suspend-donald-trump-for-at-least-two-years-2021-6">back on Facebook in less than two years</a>, if he behaves and "conditions permit."<ul><li><keyword id="6354576" type="UNKNOWN" weightage="60" keywordseo="facebook">Facebook</keyword> now says it will <a href="https://www.businessinsider.com/facebook-politicians-not-exempt-content-rules-oversight-board-trump-ban-2021-6">stop giving special treatment to politicians</a> who say or do bad things on its platform. Politicians will be treated, and held accountable, just like everyone else. </li></ul><h3>Profile: <a href="https://www.businessinsider.com/inside-the-world-of-angel-investor-jason-calacanis-2021-5">Angel investor Jason Calacanis</a></h3><a href="https://www.businessinsider.com/inside-the-world-of-angel-investor-jason-calacanis-2021-5"><div type="image" title="Jason Calacanis" height="944" width="1882" msid="83261857" hostid="261"></div></a>He's loud, brash, confident, and has a string of prescient startup investments under his belt, including early bets on Uber, Robinhood and Calm. <keyword id="512031" type="PERSON" weightage="60" keywordseo="Jason-Calacanis">Jason Calacanis</keyword> is part venture capital investor and part podcasting shock jock - and he's a polarizing presence in Silicon Valley.<a href="https://www.businessinsider.com/inside-the-world-of-angel-investor-jason-calacanis-2021-5">As Matt Drange and Candy Cheng report in this fascinating profile:</a>For many, Calacanis is someone who "cuts through the bulls---" and is shaking up Silicon Valley's stuffy venture-capital scene. But others said the swagger can quickly turn hostile, with some founders describing experiences with Calacanis that left them questioning whether he was more committed to their success or to his own image. <h3>Read the full story here:</h3><h3><a href="https://www.businessinsider.com/inside-the-world-of-angel-investor-jason-calacanis-2021-5">Jason Calacanis went from dotcom roadkill to early investor in Uber, Calm and Robinhood. Here's how he's reshaping venture capital with bluster, ego, and media-savvy.</a></h3><h3><a href="https://www.businessinsider.com/apple-tim-cook-return-office-working-from-home-three-days-2021-6">Quote of the week:</a></h3><a href="https://www.businessinsider.com/apple-tim-cook-return-office-working-from-home-three-days-2021-6"><div type="image" title="Tim Cook" height="1303" width="2000" msid="83261859" hostid="261"></div></a><h3>"Video conference calling has narrowed the distance between us, to be sure, but there are things it simply cannot replicate."</h3>- Apple CEO <keyword id="191843" type="PERSON" weightage="60" keywordseo="Tim-Cook">Tim Cook</keyword>, <a href="https://www.businessinsider.com/apple-tim-cook-return-office-working-from-home-three-days-2021-6">in a letter to staff obtained</a> by The Verge, breaking the news to employees that they'll be expected in the office at least three days a week, come September.<h3>Snapshot: <a href="https://www.businessinsider.com/nasa-curiosity-rover-photographs-rare-iridescent-mars-clouds-2021-6">Behold the clouds of Mars</a></h3>Even Mars has cloudy days. And thanks to NASA's Curiosity rover, we can now see <a href="https://www.businessinsider.com/nasa-curiosity-rover-photographs-rare-iridescent-mars-clouds-2021-6">what it's like to gaze up at a Martian cloud. </a><a href="https://www.businessinsider.com/nasa-curiosity-rover-photographs-rare-iridescent-mars-clouds-2021-6"><div type="image" title="mars clouds above cliff photo curiosity rover" height="446" width="1041" msid="83261861" hostid="261"></div></a>The photo above, captured at sunset on the red planet on March 19, is one of several rare photos of Martian clouds recently released by the space agency. Mars doesn't get too many clouds because of its dry atmosphere and super thin air. But clouds do form around the Martian equator at a certain time of year, and Curiosity had its cameras ready for otherworldly weather this season. Many of the clouds caught on camera by Curiosity had an iridescent, pearl-like color. <a href="https://www.businessinsider.com/nasa-curiosity-rover-photographs-rare-iridescent-mars-clouds-2021-6">That's because clouds on mars are made of frozen carbon dioxide, or dry ice, rather than water ice</a>. Let's hope it doesn't rain. <h3>Recommended readings:</h3><a href="https://www.businessinsider.com/oracle-cloud-infrastructure-insiders-clay-magouyrk-2021-5">Insiders say Oracle's best hope in the cloud wars with Amazon is a team led with a 'culture of fear,' and executives are leaving</a><a href="https://www.businessinsider.com/google-toughens-up-android-ad-tracking-google-play-2021-6">Google is making a privacy change on Android that could mean more pain for advertisers</a><a href="https://www.businessinsider.com/rise-buy-now-pay-later-klarna-40-billion-valuation-2021-5">Americans are embracing paying for everything online in installments. That's propelling one startup, Klarna, to a valuation above $40 billion.</a><a href="https://www.businessinsider.com/hollywood-giants-that-big-tech-could-buy-after-amazons-mgm-2021-5">After Amazon's MGM deal, experts think these 5 Hollywood giants could be Big Tech acquisition targets</a><a href="https://www.businessinsider.com/new-viral-app-poparazzi-follows-users-contacts-startup-social-media-2021-6">People are finding out that buzzy photo-sharing app Poparazzi automatically follows all of their phone contacts, and experts say it's a data privacy nightmare</a><a href="https://www.businessinsider.com/stop-ransomware-attacks-jbs-colonial-pipeline-banning-crypto-ransom-payments-2021-6">The way to stop companies from getting attacked by ransomware is simple: outlaw ransom payments</a><h3>Not necessarily in tech:</h3><a href="https://www.businessinsider.com/amy-chua-tiger-mom-yale-law-ban-suspension-2021-5">How 'Tiger Mom' Amy Chua became the pariah of Yale Law. A complicated story of booze, misbehaving men, and the Supreme Court.</a>Thanks for reading, and if you like this newsletter, <a href="http://newsletter.businessinsider.com/join/4np/insider-tech">tell your friends and colleagues they can sign up here to receive it</a>.- Alexei

Twitter dips its toes in the pay-to-play waters

Sophos, one of the global leaders in network and endpoint security revealed a SophosLabs research that highlighted a growing trend among <a href="http://www.businessinsider.in/searchresult.cms?query=cyber+criminals&amp;sortorder=effectivedate">cyber criminals</a> to target and even filter out specific countries when designing ransomware and other malicious<a href="http://www.businessinsider.in/searchresult.cms?query=cyber+attacks&amp;sortorder=effectivedate"> cyber attacks</a>. 
 
The research includes information from millions of endpoints worldwide and was analyzed by the team at <a href="https://www.sophos.com/en-us/threat-center/threat-analyses.aspx">SophosLabs</a>. 
 To lure more victims with their attacks, <keyword id="96298" type="UNKNOWN" weightage="100" keywordseo="cyber-criminals">cyber criminals</keyword> are now crafting customized spam to carry threats using regional vernacular, brands and payment methods for better cultural compatibility. 
 
To be as effective as possible, these scam emails now impersonate local postal companies, tax and law enforcement agencies and utility firms, including phony shipping notices, refunds, speeding tickets and electricity bills. 
 
Their analysis also indicated the Threat Exposure Rates (TER) for countries during the first months of 2016. 
 
Algeria at 30.7 percent, Bolivia at 20.3 percent, <a href="http://www.businessinsider.in/searchresult.cms?query=pakistan&amp;sortorder=effectivedate">Pakistan</a> at 19.9 percent, China at 18.5 percent and India at 16.9 percent are the five countries with the highest percentage of endpoints exposed to a malware attack and are thus more prone to <keyword id="6361792" type="UNKNOWN" weightage="100" keywordseo="cyber-attacks">cyber attacks</keyword>. 
 
Nations ranked with the lowest TER include France at 5.2 percent, Canada at 4.6 percent, Australia at 4.1 percent, the U.S. at 3 percent, and the U.K. at 2.8 percent.

India ranks among the top 5 countries at risk for cyber attacks in 2016

Welcome to DIGITAL HEALTH BRIEFING, the newsletter providing the latest news, data, and insight on how digital technology is disrupting the healthcare ecosystem, produced by Business Insider Intelligence.<a href="http://e.businessinsider.com/click/13548606.3048/aHR0cDovL3d3dy5idXNpbmVzc2luc2lkZXIuY29tL2ludGVsbGlnZW5jZS9kaWdpdGFsLWhlYWx0aC1icmllZmluZz9JUj1U/55ad437c09c5c52d038b56ccBdaa449a0" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?hl=en&amp;q=http://e.businessinsider.com/click/13548606.3048/aHR0cDovL3d3dy5idXNpbmVzc2luc2lkZXIuY29tL2ludGVsbGlnZW5jZS9kaWdpdGFsLWhlYWx0aC1icmllZmluZz9JUj1U/55ad437c09c5c52d038b56ccBdaa449a0&amp;source=gmail&amp;ust=1530134500563000&amp;usg=AFQjCNGYpFICkZ_vxRO2AMt3GGKHE3rubg"></a>Have feedback? We'd like to hear from you. Write me at: <a href="mailto:lbeaver@businessinsider.com" target="_blank" rel="noopener">lbeaver@businessinsider.com</a>PROVIDERS SLOW TO ADAPT AS HEALTHCARE CONSUMERISM TAKES HOLD: While US health systems have made strides in becoming more consumer-centric, providers aren't doing enough to improve the patient experience, <a href="https://www.kaufmanhall.com/resources/research/2018-state-consumerism-healthcare?utm_source=Triggermail&amp;utm_medium=email&amp;utm_campaign=Post%20Blast%20%28bii-digital-health%29:%20Providers%20struggle%20to%20offer%20robust%20consumer%20experience%20%E2%80%94%20GE%20moves%20to%20spin%20off%20Healthcare%20division%20%E2%80%94%20FDA%20continues%20strong%20endorsement%20of%20digital%20health%20tech&amp;utm_term=BII%20List%20Digital%20Health%20ALL">according</a> to a new Kaufman Hall survey. Health systems are confronted with consumers' newfound expectations of convenience, speed, and digital services, and healthcare delivery must be reimagined in order to drive patient volume and retention.Most providers have failed to implement services that improve the patient experience. Ninety percent of healthcare providers say improving customer experience is a top strategic priority - up from 30% in 2017. But most are ill-prepared to do so, partly due to a lack of consumer analytics and expertise. And just over half of providers reported having a strong ability to improve the customer experience, and even fewer reported a strong ability to can engage customers with digital tools (23%), offer a variety of virtual access points (15%), or provide price transparency (11%).Creating an improved patient experience could help more innovative health systems capitalize on the consumerization of healthcare:<ul><li>Investing in digital services helps drive customer retention. Investing in online scheduling platforms and virtual care services could improve patient satisfaction and encourage customer retention. Patients no longer feel obligated to stay with healthcare organizations that don't deliver a satisfactory experience, <a href="https://cdn2.hubspot.net/hubfs/402746/Assets/West%20Assets/Prioritizing%20the%20Patient%20Experience/West%20Prioritizing%20Patient%20Exp%20Report_Final.pdf?t=1497960249846">according</a> to a survey by West.</li><li>Developing a robust online presence helps drive patient volume. Nearly two-thirds of patients will choose their provider based on a strong online presence, <a href="https://www.prnewswire.com/news-releases/doctorcom-survey-reveals-that-nearly-2-out-of-3-patients-will-choose-a-provider-because-of-a-strong-online-presence-300649353.html">according</a> to Doctor.com.</li></ul>GE TO SPIN OFF HEALTHCARE DIVISION AS AN INDEPENDENT UNIT: General Electric (GE) <a href="https://www.genewsroom.com/press-releases/ge-focuses-portfolio-growth-and-shareholder-value-creation-284411">announced</a> plans to spin off GE Healthcare as an independent division in a move to stabilize and refocus the company. The move isn't a reflection of GE Healthcare's performance - the division was a bright spot in a mostly rocky 2017, <a href="https://www.ge.com/investor-relations/sites/default/files/ge_webcast_pressrelease_01242018.pdf">posting</a> a 5% year-over-year (YoY) increase to hit $19 billion in revenue. John Flannery, chairman and CEO of GE, labeled GE Healthcare as an example of GE "at its best," and indicated releasing the unit as a pure-play healthcare company should free it to concentrate on strengthening its market position.Moving forward, GE Healthcare will likely continue to focus on its strengths in key digital health areas:<ul><li>GE's using AI to power its imaging devices as improved clinical decision support tools. With a broad base of US hospitals already using its imaging devices, GE's in a strong position to capitalize on the use of AI to improve medical imaging. For example, GE <a href="https://intelligence.businessinsider.com/post/googles-latest-digital-health-moves-ge-partners-with-nvidia-digital-health-platform-in-china-could-see-1-billion-ipo-2017-11">partnered</a> with chipmaker Nvidia in November 2017 to use AI to help radiologists better detect liver and kidney lesions from medical images captured on GE devices.</li><li>Health systems have turned to GE's analytics and digital health expertise to reduce costs. In December 2017, GE's health unit <a href="https://intelligence.businessinsider.com/post/microsoft-developing-health-chatbot-platform-lifespan-aims-to-cut-182-million-in-costs-with-ge-partnership-hitachi-working-to-reduce-hospital-readmission-2017-12">partnered</a> with Rhode Island-based Lifespan in an effort to reduce the health system's costs by $182 million by improving patient flow and operational efficiencies.</li></ul>FDA CLEARS FIRST IMPLANTABLE GLUCOSE RPM IN LATEST ENDORSEMENT OF HEALTH TECH: Maryland-based Senseonics, a medtech company, earned the first-ever US Food and Drug Administration (FDA) approval for a monitoring system that uses an implantable sensor to track blood sugar levels, <a href="https://mhealthintelligence.com/news/fda-approves-implantable-mhealth-sensor-for-diabetes-care-management">according</a> to mHealthIntelligence. The implanted remote patient monitoring (RPM) sensor pairs with a mobile app to send a patient and their caregivers alerts when glucose levels stray outside the healthy range, which could enable earlier interventions in the onset of serious health issues. The FDA likely sees the sensor as a small step toward getting a handle on the steadily rising annual economic cost of diabetes in the US, which grew by 26% from 2012 to hit $327 billion in 2017. The FDA's taken a more open stance toward digital health tech in the past year, including a pre-certification program <a href="https://intelligence.businessinsider.com/post/fda-aims-to-expand-digital-health-oversight-fitbit-google-partner-for-health-american-well-will-buy-avizia-2018-4">launched</a> in 2017 making it easier to bring digital health products to market. The FDA's encouraging stance on digital health tech should send a positive signal to tech companies and could open the floodgates to more innovative devices coming to market. NHS RECRUITS FOR CYBERSECURITY POSITION AMID ONGOING PRIVACY TROUBLES: More than a year after the WannaCry ransomware attack shut down multiple hospitals in the UK, the National Health Service (NHS) has posted an opening for a chief information and cyber security officer (CISCO), <a href="https://www.digitalhealth.net/2018/06/job-listing-sheds-light-on-new-nhs-digital-cicso-role/">according</a> to Digital Health. The CISCO will direct the NHS' cybersecurity strategy and could help shore up security practices and patient trust after a year colored by security concerns. As of February 2018, <a href="https://www.digitalhealth.net/2018/02/nhs-trusts-fail-post-wannacry-cybersecurity/">every</a> NHS system tested against cybersecurity standards since the WannaCry attack had failed. And in March 2018, the NHS <a href="https://intelligence.businessinsider.com/post/alphabet-apple-microsoft-patents-reveal-health-interest-nhs-staff-in-trouble-for-using-chat-apps-google-uses-expert-opinion-to-improve-ai-2018-3">disciplined</a> 29,000 staff members for communicating with patients using messaging apps like Facebook and WhatsApp, which aren't compliant with data protection regulations.The NHS' security struggles are symptomatic of an industry-wide issue - the emergence of electronic health record (EHR) systems has created new access points for potential data breaches. And while more than half of physicians in the US are at least very concerned about future cyber attacks, security initiatives haven't adequately kept pace. Only 15% of US healthcare organizations employ a chief information security officer, <a href="https://blackbookmarketresearch.newswire.com/news/84-of-healthcare-organizations-dont-have-a-cybersecurity-leader-as-the-20110145">according</a> to Black Book. Health systems should address the resulting vulnerabilities issue with a sense of urgency - the average data breach puts a <a href="https://netdiligence.com/wp-content/uploads/2017/11/NetDiligence_2017CyberClaimsStudy_Infographic_v1.1.pdf">$700,000</a> dent in healthcare businesses' budgets. Moreover, nearly 70% of US consumers would consider leaving their provider if it was hit by a ransomware attack, <a href="https://www.carbonblack.com/wp-content/uploads/2017/05/Carbon_Black_Ransom_Aware_Survey_Report.pdf">according</a> to cybersecurity software vendor Carbon Black.<div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image on-image"><a title_source="Business Insider Intelligence" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/5b0837a61ae66244008b472f-960/bii physician concern over cyber attacks.png"></a>Business Insider Intelligence</div></div></div>IN OTHER NEWS:<ul><li>Tech giant Apple may add biometric sensors to future generations of AirPods that could monitor metrics like heart-rates, <a href="https://www.bloomberg.com/news/articles/2018-06-25/apple-is-said-to-amplify-its-audio-device-strategy-in-2019">according</a> to Bloomberg. Apple's unleashed several digital health initiatives in 2018, <a href="https://intelligence.businessinsider.com/post/apple-delivers-health-records-api-to-developers-teladoc-opens-door-to-new-global-markets-mount-sinai-taps-ai-to-detect-kidney-disease-2018-6">including</a> a new API that allows US iPhone users to share their health record data with third-party apps.</li><li>HealthEngine, Australia's most successful online appointment booking service, is facing intense scrutiny amid accusations that it shared its customers' data with legal firms looking for personal injury clients, <a href="https://www.healthcareit.com.au/article/new-healthengine-scandal-raises-scrutiny-digital-health-consent-practices-health-minister">according</a> to Healthcare IT News. The outcry over issues of consent and privacy could be a blow to the government's Australian Digital Health Agency, which is eager to increase <a href="https://intelligence.businessinsider.com/post/digital-health-briefing-top-trends-from-healthconf-2017-fda-set-to-change-genetic-health-risk-test-regulations-australia-strengthens-digital-health-record-system-2017-11">utilization</a> of the country's digital health records system.</li></ul>Get the latest General Electric stock price<a href="http://markets.businessinsider.com/stock/GE-Quote"> here.</a>

DIGITAL HEALTH BRIEFING: Providers struggle to improve consumer experience - GE moves to spin off healthcare division - Implantable RPM sensor earns FDA approval

In 2015, we witnessed an increase in breaches that exposed the identities of millions of people. The most shocking was the Ashley Maddison data breach. Even governments were not left out from the game. UK Prime Minister <keyword id="6430216" type="PERSON" weightage="100" keywordseo="David-Cameron">David Cameron</keyword> and U.S. President <keyword id="15962" type="PERSON" weightage="100" keywordseo="Barack-Obama">Barack Obama</keyword> agreed to carry out “war game” cyber-attacks on each other in January. Companies could follow their example in 2016. 
 
There is no magic-bullet technology that will guarantee immunity from Internet crime or determined, targeted attacks, but being prepared for the worst can prevent some attacks. So, what lies ahead for 2016? With the increase of technology, the biggest question that lies ahead of us is how will some of the newest technology trends impact privacy and regulation? 
 As the year draws to a close, <keyword id="111839" type="CITY" weightage="100" keywordseo="Symantec">Symantec</keyword>’s security intelligence team has put together the top security predictions for the year ahead and beyond. Tarun Kaura, director of solutions product management-APJ, Symantec discusses some. 
 
Read on to be prepared! 
 
1. Opportunities for Cybercriminals to Compromise <keyword id="6354427" type="CITY" weightage="100" keywordseo="Apple">Apple</keyword> Devices Will Grow 
 
Apple devices have experienced a surge in popularity in recent years. According to IDC, the company now accounts for <a href="http://www.idc.com/getdoc.jsp?containerId=prUS25988815">13.5%of global smartphone shipments</a> and <a href="http://www.idc.com/getdoc.jsp?containerId=prUS25955515">7.5% of global PC shipments</a>. This increase in usage has not gone unnoticed by attackers. A rising number of threat actors have begun developing specific <keyword id="54201" type="UNKNOWN" weightage="100" keywordseo="Malware">malware</keyword> designed to infect devices running Mac OS X or <keyword id="75489" type="ORGANIZATION" weightage="100" keywordseo="IOS">iOS</keyword>. 
 Although the number of threats targeting Apple operating systems remains quite low when compared to the company’s main competitors (<keyword id="6354717" type="ORGANIZATION" weightage="100" keywordseo="Windows">Windows</keyword> in the desktop space and <keyword id="6355645" type="COMPANY" weightage="100" keywordseo="android">Android</keyword> in mobile), the amount uncovered has grown steadily in recent years. In tandem with this, the level of Apple-related malware infections has spiked, particularly in the past 18 months. 
 
Security researchers have also given a greater focus on vulnerabilities in Apple software, with a number of high-profile flaws uncovered in the past year. Zero-day brokers have begun offering bounties for Apple vulnerabilities, with US$1 million <a href="http://www.wired.com/2015/11/hackers-claim-million-dollar-bounty-for-ios-attack/">paid recently for a jailbreak of iOS 9.1</a> 
 
Should Apple’s popularity continue to grow, it seems likely that these trends will continue in 2016. Apple users should not be complacent about security and change their perception that Apple devices are “free from malware”- this perception opens up opportunities for cybercriminals to take advantage of these users. They need to take precautions in order to prevent their devices from being compromised 
 
2. The Tipping Point for Biometric Security Is Approaching 
 
The last two years have seen a significant rise in the use of biometrics. This is expected to grow significantly with major industry players implementing new capabilities both with new sensors in devices and with adoption of biometric authentication frameworks like FIDO and TouchID. This facilitates secure on device storage of biometric information (like fingerprints) as well as interoperability between apps and systems. What this means is that biometrics can finally answer the "what’s in it for me” question that consumers have been asking, while replacing passwords with strong traditional PKI authentication protected by the biometric sensor. The consumer gets better security with significantly increased convenience for device unlocking, purchasing and payments. This also is leading to enterprise adoption of biometrics that may start to see a reduction on the dependence on passwords. 
 
3. The Need for Improved Security on IoT Devices Will Become More Pressing 
 
As consumers buy more smart watches, activity trackers, holographic headsets, and other Internet of Things (IoT) devices, the need for improved security on these devices will become more pressing. 
 
According to a Gartner report titled Agenda Overview for the Internet of Things, by 2020 close to 30 billion connected things will be in use across a wide range of industries and the IoT will touch every role across the enterprise. There’s no doubt the market for Internet of Things–ready devices is growing but it is still very fragmented, with a rich diversity in low-cost hardware platforms and operating systems. As market leaders emerge and certain ecosystems grow, the attacks against these devices will undoubtedly escalate, as we’ve already seen happen with the attacks on the <a href="http://www.symantec.com/connect/blogs/stagefright-vulnerabilities-pose-serious-threat-android-users">Android platform</a>. The good news is that OS makers, in particularly Apple, are making good strides in enforcing security in the eco-systems they support, such as HomeKit. 
 
In addition, the evolving concept of “care is everywhere” may see medical device security become a mainstream topic in 2016. It’s widely known that life-sustaining devices like pacemakers or insulin pumps can be hacked. Fortunately, to-date, no such case has been reported outside proof-of-concept security research; however, the potential impact remains high. Under the evolving umbrella of mobile health, or mHealth, new care delivery models will move devices into the patient’s home. This will place medical devices on public networks, provide medical apps through consumer devices such as smartphones, and interlace personal data with clinical information. 
 
With these changes happening so rapidly, regulation may be forced to catch up with technology in 2016. We may find that some countries or industries will begin to develop guidelines that address the new risks of information use, data ownership, and consent presented by IoT devices. 
 
4. Risk of Serious Attacks to Critical Infrastructure Will Increase 
 
Motivations for critical infrastructure attacks are both political and criminal, with nations and political organizations operating cyber-warfare campaigns, and criminals attacking for profit or ransom. The industrial IoT is becoming more connected due to requirements and demand for reporting and improved functionality through connectivity with additional services. These changes introduce bigger attack surfaces into the more traditionally hard to secure environments. 
 
5 .The Battle between Ransomware Gangs and Malware Distribution Networks Will Heat-Up 
 
From early beginnings in Russian speaking counties, ransomware has evolved and spread into Western Europe, the United States, Canada, Australia, Europe and Asia. It is likely that some of the gangs responsible for the original ransomware are part of this expansion, but other established criminal gangs are also becoming involved. Clearly, the fraud is profitable for criminals and is likely to increase. 
 
It is also possible that ransomware gangs will come into conflict with more traditional malware distributors in 2016. Ransomware infections are overt and obvious, while most other malware infections are covert and discreet. The presence of ransomware on a computer will usually prompt the computer owner to clean the machine thoroughly, removing any malware from it. As the ransomware may have been installed by a separate piece of malware, that other malware will also be removed, cutting into the malware operator’s business model. 
 
In 2016, more malware distribution networks may soon refuse to distribute such obvious malware, forcing the ransomware gangs to develop their own distribution methods (like Trojan.Ransomlock.G and Trojan.Ransomlock.P have already done). 
 
As awareness of these scams increases, the attackers and their malware are likely to evolve and use more sophisticated techniques to evade detection and prevent removal. The “ransom letter” will likely also evolve and the attackers will use different hooks to defraud innocent users. 
 
7. Cyber Attacks and Data Breaches Will Drive the Need for <keyword id="1672191" type="UNKNOWN" weightage="100" keywordseo="Cyber-insurance">Cyber Insurance</keyword> 
 
In 2016 many companies will turn to cyber insurance as another layer of protection, particularly as cyber-attacks start mirroring physical world attacks. 
 
Cyber insurance offers organizations protection to limit their risk, but companies should consider all coverage options carefully. It’s not about checking off a box; it’s about finding a policy that protects an organization’s brand, reputation, and operations if faced with a breach. 
 
Cyber insurance is evolving as fast as technology. What is considered core coverage today was not available as little as three years ago, and enhancements to coverage will continue to be negotiated in the marketplace every day as data breaches and cyber risks evolve. 
 
8. Security Gamification and Simulation Will Tackle the Security Awareness Challenge 
 
Internet security relies on the human element as much as it does on technology. If people were more skillful, they could help reduce the risks they faced. This is as true of consumers avoiding scams as it is of government employees avoiding the social engineering in targeted attacks. 
 In this context, security gamification will be used to turn “the desires of the moment” into lasting changes of behavior by using the psychological rewards and instant gratification of simple computer games. Security Gamification could be used, for example, to train consumers to be wary of <keyword id="6359049" type="UNKNOWN" weightage="100" keywordseo="phishing">phishing</keyword> emails or to generate, remember, and use strong passwords. Symantec sees a big market opportunity and a great need for this kind of training in 2016. 
 
Companies will also invest more in preparing for security breaches and understanding their defenses better by using simulations and security “war games.” By extending conventional penetration testing into a simulated response and remediation phase, companies can train their employees and improve their readiness. 
 
(Image credits: indiatimes)

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