Russia announced on Friday that it had dismantled REvil in an operation carried out by the FSB, Russia's domestic intelligence service. Getty Images
Russia announced on Friday that it had dismantled REvil in an operation carried out by the FSB, Russia's domestic intelligence service. Getty Images
Russia announced on Friday that it had dismantled REvil in an operation carried out by the FSB, Russia's domestic intelligence service. Getty Images
Russia announced on Friday that it had dismantled REvil in an operation carried out by the FSB, Russia's domestic intelligence service. Getty Images

US welcomes Russia taking down REvil hacking group


Joyce Karam
  • English
  • Arabic

The administration of US President Joe Biden welcomed on Friday the arrest in Russia of members of REvil, one of the world’s most notorious ransomware gangs that has attacked major US companies in the past.

Speaking to reporters, a senior US official said the step reinforces diplomacy between Moscow and Washington.

“We welcome reports that the Kremlin is taking law enforcement steps to address ransomware emanating from its borders,” the official said, noting that Mr Biden and Russian President Vladimir Putin set up a White House-Kremlin expert group on ransomware last year.

The official expressed hope that the legal process would continue and that those arrested would soon stand trial.

“Our expectation is that Russia would be pursuing legal action within its own system against these criminals.”

Russia announced on Friday that it had dismantled REvil in an operation carried out by the FSB, Russia's domestic intelligence service.

Reuters reported that the FSB said it had searched 25 addresses and detained 14 people, listing assets it had seized to include millions of dollars in various currencies, computer equipment and 20 luxury cars.

A Moscow court identified two of those arrested as Roman Muromsky and Andrei Bessonov. The men were remanded them into custody for two months.

“The investigative measures were based on a request from the … United States,” the FSB said. “The organised criminal association has ceased to exist and the information infrastructure used for criminal purposes was neutralised.”

The detained group members could face up to seven years in prison, Russian authorities said.

The US official said that one of the men arrested had been involved in the Colonial Pipeline hack.

Last May, a ransomware attack forced the Houston-based company Colonial Pipeline to close down operations, leading to long queues at the pump as motorists rushed to stock up on fuel before the supply was cut off.

Holding those behind the attack to account was one of Mr Biden's requests to Mr Putin during their first summit last June.

A source familiar with the case told news agency Interfax that group members with Russian citizenship would not be handed over to the US.

The US in November offered a reward of up to $10 million for information leading to the identification or location of anyone holding a key position in REvil.

A laptop infected with ransomware. EPA
A laptop infected with ransomware. EPA

The US has been hit by a string of high-profile hacks by ransom-seeking cybercriminals. A source with direct knowledge of the matter told Reuters in June that REvil was suspected of being the group behind a ransomware attack on the world's biggest meat packing company, JBS.

Washington has repeatedly accused the Russian government of malicious cyber activity, which Moscow has denied.

The arrests were a rare demonstration of apparent collaboration between Russia and the US at a time of high tension between the two powers over the situation in Ukraine.

The US official insisted that the collaborative effort against REvil is separate from events in Ukraine.

Reuters contributed to this report

if you go

The flights
Emirates flies to Delhi with fares starting from around Dh760 return, while Etihad fares cost about Dh783 return. From Delhi, there are connecting flights to Lucknow. 
Where to stay
It is advisable to stay in Lucknow and make a day trip to Kannauj. A stay at the Lebua Lucknow hotel, a traditional Lucknowi mansion, is recommended. Prices start from Dh300 per night (excluding taxes). 

Polarised public

31% in UK say BBC is biased to left-wing views

19% in UK say BBC is biased to right-wing views

19% in UK say BBC is not biased at all

Source: YouGov

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Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

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Director: Christian Carion

Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5

Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

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Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

The specs

Engine: 2.0-litre 4-cylinder turbo

Power: 258hp from 5,000-6,500rpm

Torque: 400Nm from 1,550-4,000rpm

Transmission: Eight-speed auto

Fuel consumption: 6.1L/100km

Price: from Dh362,500

On sale: now

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If you go...

Etihad Airways flies from Abu Dhabi to Kuala Lumpur, from about Dh3,600. Air Asia currently flies from Kuala Lumpur to Terengganu, with Berjaya Hotels & Resorts planning to launch direct chartered flights to Redang Island in the near future. Rooms at The Taaras Beach and Spa Resort start from 680RM (Dh597).

COMPANY PROFILE

Company name: SimpliFi

Started: August 2021

Founder: Ali Sattar

Based: UAE

Industry: Finance, technology

Investors: 4DX, Rally Cap, Raed, Global Founders, Sukna and individuals

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Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

Summer special
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US tops drug cost charts

The study of 13 essential drugs showed costs in the United States were about 300 per cent higher than the global average, followed by Germany at 126 per cent and 122 per cent in the UAE.

Thailand, Kenya and Malaysia were rated as nations with the lowest costs, about 90 per cent cheaper.

In the case of insulin, diabetic patients in the US paid five and a half times the global average, while in the UAE the costs are about 50 per cent higher than the median price of branded and generic drugs.

Some of the costliest drugs worldwide include Lipitor for high cholesterol. 

The study’s price index placed the US at an exorbitant 2,170 per cent higher for Lipitor than the average global price and the UAE at the eighth spot globally with costs 252 per cent higher.

High blood pressure medication Zestril was also more than 2,680 per cent higher in the US and the UAE price was 187 per cent higher than the global price.

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Scoreline

Liverpool 4

Oxlade-Chamberlain 9', Firmino 59', Mane 61', Salah 68'

Manchester City 3

Sane 40', Bernardo Silva 84', Gundogan 90' 1

Company%20profile
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LA LIGA FIXTURES

Friday (UAE kick-off times)

Real Sociedad v Leganes (midnight)

Saturday

Alaves v Real Valladolid (4pm)

Valencia v Granada (7pm)

Eibar v Real Madrid (9.30pm)

Barcelona v Celta Vigo (midnight)

Sunday

Real Mallorca v Villarreal (3pm)

Athletic Bilbao v Levante (5pm)

Atletico Madrid v Espanyol (7pm)

Getafe v Osasuna (9.30pm)

Real Betis v Sevilla (midnight)

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

THE DETAILS

Director: Milan Jhaveri
Producer: Emmay Entertainment and T-Series
Cast: John Abraham, Manoj Bajpayee
Rating: 2/5

RESULT

Manchester United 2 Tottenham Hotspur 1
Man United: Sanchez (24' ), Herrera (62')
Spurs: Alli (11')

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

The years Ramadan fell in May

1987

1954

1921

1888

Updated: January 14, 2022, 11:35 PM