Ransomware attack hits property arm of France bank BNP Paribas – Technology & Science

A global cyberattack has hit the property arm of France’s biggest bank BNP Paribas, one of the largest financial institutions known to be affected by an extortion campaign that started in Russia and Ukraine before spreading.

The worldwide attack has disrupted computers at Russia’s biggest oil company, Ukrainian banks and multinational firms with a virus similar to the ransomware that infected more than 300,000 computers last month.

Reverberations from the attack continued on Wednesday with shipping giant A.P. Moller-Maersk, which handles one in seven containers shipped worldwide, telling Reuters it is unable to process new orders.

By Wednesday, Moller-Maersk said in a statement it has “shut down a number of systems to help contain the issue,” while several entities including its oil, tankers and drilling activities “are not operationally affected.” 

Among other French companies, retailer Auchan said Tuesday’s cyberattack had hit terminal payments in its stores in Ukraine but the incident was now over.

French construction and building materials group St. Gobain, affected Tuesday by the attack, said its systems were gradually returning to normal.

A BNP spokesperson told Reuters that a person familiar with the matter had said that some of the staff computers of BNP’s real estate subsidiary were blocked on Tuesday.

Many of the companies targeted by the attack had links to Ukraine. (Valentyn Ogirenko/Reuters)

“The necessary measures have been taken to rapidly contain the attack,” he said.

BNP Paribas Real Estate provides advisory, property, and investment management and development services mostly in Europe.

It employed 3,472 staff at end of last year, with operations in 16 countries, and had the equivalent of about $35 billion Cdn in assets under management.

Links to Ukraine

Many companies affected globally by the cyberattack had links to Ukraine, although there is no indication this was the case for BNP, which owns a bank in the…

Read the full article from the Source…

Leave a Reply

Your email address will not be published. Required fields are marked *