Cyber attack hits oil giant and banks in Russian Federation and Ukraine

Randolph Lopez
June 28, 2017

The deal had been planned for the end of 2016 but got held up because of the amount of debt Essar had owed to government run banks throughout India.

Rosneft is suing Sistema for 170.6 billion roubles ($2.9 billion) in damages following its purchase of oil producer Bashneft previous year. The remaining 2% will remain with the Ruia founders.

It was unclear how, or if, the attacks were related, but they spread simultaneously across Europe-with some early reports of affected companies in the us -on the heels of a global attack in May.

Russia's oil giant Rosneft said Tuesday that it was hit by a large-scale cyberattack on its servers, which has not affected its oil production due to a timely switch to a backup control system.

The cyberattack targeted a number of oil, telecommunications and financial companies in Russian Federation and Ukraine, blocking computers and demanding 300 USA dollars in bitcoins, Group-IB told Russia's Prime news agency.

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There is no evidence that the alleged attack on Rosneft was linked to worldwide tensions.

Statements published on social networks earlier said that a computer virus had attacked the websites and computer systems of numerous Ukrainian companies, banks, state agencies and other institutions.

If oil prices stay at $40 per barrel for a prolonged period, half of global oil production would become loss-making, including in Brazil and Canada, with shale oil producers also likely to face "difficulties", Sechin wrote.

Ukraine's National Bank was the first to report a cyber attack, warning banks and institutions about a unsafe malware.

Other reports by GlobalViralNews

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