White House Homeland Security Advisor Tom Bossert speaks to reporters about the global WannaCry 'ransomware' cyber attack, prior to the daily briefing at the White House in Washington, US. May 2017. Jonathan Ernst / Reuters file photo
White House Homeland Security Advisor Tom Bossert speaks to reporters about the global WannaCry 'ransomware' cyber attack, prior to the daily briefing at the White House in Washington, US. May 2017. JShow more

US blames North Korea for huge WannaCry cyberattack



President Donald Trump's administration on Tuesday publicly blamed North Korea for a "careless and reckless" ransomware attack that infected hundreds of thousands of computers worldwide in May and crippled parts of Britain's National Health Service.

Homeland security adviser Tom Bossert told reporters at a White House briefing that North Korea was directly responsible for the WannaCry ransomware attack and that Pyongyang will be held accountable for it.

"This was a careless and reckless attack. It affected individuals, industry, governments and the consequences were beyond economic. The computers affected badly in the UK in their health care system put lives at risk, not just money," Mr Bossert said.

Mr Bossert said the administration's finding of responsibility is based on evidence and confirmed by other private companies and foreign governments, including the United Kingdom, Australia, Canada, New Zealand and Japan.

He said Microsoft had traced the attack to cyber affiliates of the North Korean government.

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The findings come as the US has sought to pressure Kim Jong Un's government to end the pariah nation's nuclear and missile programs.

"North Korea has acted especially badly, largely unchecked, for more than a decade ... its malicious behaviour is growing more egregious. And stopping that malicious behaviour starts with this step of accountability," Mr Bossert said.

He said the Trump administration would continue to push Pyongyang to curb its ability to mount attacks and seek to partner with the private sector to prevent future attacks.

But he said Mr Trump "has used just about every lever you can use short of starving the North Korean people to death to change their behaviour. So we don't have a lot of room left here to apply pressure to change their behaviour. It's nevertheless important to call them out, let them know it's them and we know it's them."

Mr Bossert said attributing the attack to North Korea would let them know "we're going to move to stop their behaviour" and work with tech partners such as Microsoft and Facebook. "This is allowing us to call upon all like-minded and good, responsible companies to stop supporting North Korean hackers whether they're operating in North Korea or elsewhere," Mr Bossert said.

The WannaCry attack struck more than 150 nations in May, locking up digital documents, databases and other files and demanding a ransom for their release.

It battered Britain's National Health Service, where the cyberattack froze computers at hospitals across the country, closing emergency rooms and bringing medical treatment to a halt. Government offices in Russia, Spain, and several other countries were disrupted, as were Asian universities, Germany's national railway and global companies such as automakers Nissan and Renault.

The WannaCry ransomware exploited a vulnerability in mostly older versions of Microsoft's Windows operating system. Affected computers had generally not been patched with security fixes that would have blocked the attack.

Security experts, however, traced the exploitation of that weakness back to the US National Security Agency; it was part of a cache of stolen NSA cyberweapons publicly released by a group of hackers known as the Shadow Brokers.

Microsoft president Brad Smith likened the theft to "the US military having some of its Tomahawk missiles stolen," and argued that intelligence agencies should disclose such vulnerabilities rather than hoarding them.

WannaCry came to a screeching halt thanks to enterprising work by a British hacker named Marcus Hutchins, who discovered that the malware's author had embedded a "kill switch" in the code. Mr Hutchins was able to trip that switch, and the attack soon ended. In an unusual twist, Mr Hutchins was arrested months later by the FBI during a visit to the US; he pleaded not guilty and now awaits trial on charges he created unrelated forms of malware.

The United States and South Korea have accused North Korea of launching a series of cyberattacks in recent years, though the North has dismissed the accusations.

A South Korean lawmaker in October said North Korean hackers stole highly classified military documents that include US-South Korean wartime "decapitation strike" plans against the North Korean leadership.

Seoul's Defence Ministry earlier said North Korea was likely behind the hacking of the Defence Integrated Data Center, which is the military data center where the information was kept, in September last year. But the Defence Ministry refused to confirm the nature of the information that was compromised.

South Korea also last year accused North Korea of hacking the personal data of more than 10 million users of an online shopping site and dozens of email accounts used by government officials and journalists.

The United States in 2014 formally accused North Korea of hacking Sony Pictures Entertainment over the movie "The Interview", a satirical film about a plot to assassinate North Korea's leader.

South Korea said in 2015 that North Korea had a 6,000-member cyber-army dedicated to disrupting the South's government and military. The figure was a sharp increase from a 2013 South Korean estimate of 3,000 such specialists.

Baik Tae-hyun, spokesman for South Korea's Unification Ministry, which deals with matters related to North Korea, said Monday that the Seoul government was examining whether the North was behind hacking attacks on a cryptocurrency exchange in June. About $7 million in digital money was stolen in the hacks, South Korean officials said.

There's speculation in the South that North Korean hackers are possibly targeting cryptocurrency like bitcoin to evade the heavy financial sanctions imposed over the country's nuclear weapons and missiles program.

"We are monitoring the bitcoin-related issue. We believe that North Korea is currently engaging in various activities to evade sanctions and earn foreign currency," Mr Baik said.

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Most wins by a jockey: Jerry Bailey(4)

Most wins by an owner: Godolphin(9)

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Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
Sanchez's club career

2005-2006: Cobreloa

2006-2011 Udinese

2006-2007 Colo-Colo (on loan)

2007-2008 River Plate (on loan)

2011-2014 Barcelona

2014–Present Arsenal

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Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
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Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

UAE rugby in numbers

5 - Year sponsorship deal between Hesco and Jebel Ali Dragons

700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams

Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams

Dh1.8m - Dubai Hurricanes' overall budget for next season

Dh2.8m - Dubai Exiles’ overall budget for next season

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Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

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Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
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Adrian Mannarino v Novak Djokovic (2)

Venus Williams (10) v Jelena Ostapenko (13)

Johanna Konta (6) v Simona Halep (2)

Court 1

Garbine Muguruza (14) v

Svetlana Kuznetsova (7)

Magdalena Rybarikova v Coco Vandeweghe (24) 

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Mansoor Al Shehail won the 50-man Battle Royal

The Undertaker beat Goldberg

 

TRAP

Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

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Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
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Power: 153hp at 6,000rpm

Torque: 200Nm at 4,000rpm

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Price: Dh99,000

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The bio

Favourite vegetable: Broccoli

Favourite food: Seafood

Favourite thing to cook: Duck l'orange

Favourite book: Give and Take by Adam Grant, one of his professors at University of Pennsylvania

Favourite place to travel: Home in Kuwait.

Favourite place in the UAE: Al Qudra lakes

LA LIGA FIXTURES

Saturday (All UAE kick-off times)

Valencia v Atletico Madrid (midnight)

Mallorca v Alaves (4pm)

Barcelona v Getafe (7pm)

Villarreal v Levante (9.30pm)

Sunday

Granada v Real Volladolid (midnight)

Sevilla v Espanyol (3pm)

Leganes v Real Betis (5pm)

Eibar v Real Sociedad (7pm)

Athletic Bilbao v Osasuna (9.30pm)

Monday

Real Madrid v Celta Vigo (midnight)

Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

MATCH INFO

Uefa Champions League, Group B
Barcelona v Inter Milan
Camp Nou, Barcelona
Wednesday, 11pm (UAE)

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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Sheer grandeur

The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.

A clear distinction between the residences and the Raffles hotel with the amenities operated separately.

UAE rugby in numbers

5 - Year sponsorship deal between Hesco and Jebel Ali Dragons

700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams

Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams

Dh1.8m - Dubai Hurricanes' overall budget for next season

Dh2.8m - Dubai Exiles’ overall budget for next season

THE DEALS

Hamilton $60m x 2 = $120m

Vettel $45m x 2 = $90m

Ricciardo $35m x 2 = $70m

Verstappen $55m x 3 = $165m

Leclerc $20m x 2 = $40m

TOTAL $485m

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UAE currency: the story behind the money in your pockets
While you're here
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THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

MATCH INFO

Manchester City 3 (Silva 8' &15, Foden 33')

Birmginahm City 0

Man of the match Bernado Silva (Manchester City)

Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Sleep Well Beast
The National
4AD

The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
The Greatest Royal Rumble card as it stands

50-man Royal Rumble - names entered so far include Braun Strowman, Daniel Bryan, Kurt Angle, Big Show, Kane, Chris Jericho, The New Day and Elias

Universal Championship Brock Lesnar (champion) v Roman Reigns in a steel cage match

WWE World Heavyweight Championship AJ Styles (champion) v Shinsuke Nakamura

Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe

United States Championship Jeff Hardy (champion) v Jinder Mahal

SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos

Raw Tag Team Championship (currently vacant) Cesaro and Sheamus v Matt Hardy and Bray Wyatt

Casket match The Undertaker v Chris Jericho

Singles match John Cena v Triple H

Cruiserweight Championship Cedric Alexander v tba

 

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