Cybersecurity Firm: North Korea Likely Behind Taiwan SWIFT Cyber Heist

Cybersecurity firm BAE Systems Plc said on Monday it believes the North Korean Lazarus hacking group is likely responsible for a recent cyber heist in Taiwan, the latest in a string of hacks targeting the global SWIFT messaging system.

“The likely culprit is Lazarus,” BAE cyber-intelligence chief Adrian Nish told Reuters by telephone.

The British firm has previously linked Lazarus to last year’s $81 million cyber heist at Bangladesh’s central bank, as have other cyber firms including Russia’s Kaspersky Lab and California-based Symantec Corp.

BAE’s claim that Lazarus is likely responsible for the hack on Taiwan’s Far Eastern International Bank demonstrates that North Korea continues to seek to generate cash through hacking.

Nish said he expects the group to continue to target banks.

“They are not just going to go away. They’ve built the tools. They are going to keep going back,” he said.

Still, he noted that the group appears to have had difficulty in pulling funds out of the banking system, after the massive Bangladesh heist, which prompted SWIFT and banks to boost security controls.

Taiwan’s Central News Agency reported last week that while hackers sought to steal some $60 million from Far Eastern Bank, all but $500,000 had been recovered by the bank.

BAE previously disclosed that Lazarus attempted to steal money from banks in Mexico and Poland, though there is no evidence the effort succeeded.

A security executive with SWIFT, a Belgium-based co-operative owned by banks, last week told Reuters that hackers have continued to target the message system this year, though many attempts have been thwarted by the new security controls.

SWIFT declined comment on the findings, which BAE detailed in a report on its website.

The report provides technical details on malware samples that BAE believes were likely used to target the Taiwan bank.

From: MeNeedIt

Scientists: Plant More Trees to Combat Climate Change

Planting forests and other activities that harness the power of nature could play a major role in limiting global warming under the 2015 Paris agreement, an international study showed Monday.

Natural climate solutions, also including protection of carbon-storing peat lands and better management of soils and grasslands, could account for 37 percent of all actions needed by 2030 under the 195-nation Paris plan, it said.

Combined, the suggested “regreening of the planet” would be equivalent to halting all burning of oil worldwide, it said.

“Better stewardship of the land could have a bigger role in fighting climate change than previously thought,” the international team of scientists said of findings published in the U.S. journal Proceedings of the National Academy of Sciences.

The estimates for nature’s potential, led by planting forests, were up to 30 percent higher than those envisaged by a U.N. panel of climate scientists in a 2014 report, it said.

Trees soak up heat-trapping carbon dioxide as they grow and release it when they burn or rot. That makes forests, from the Amazon to Siberia, vast natural stores of greenhouse gases.

Overall, better management of nature could avert 11.3 billion tons of carbon dioxide emissions a year by 2030, the study said, equivalent to China’s current carbon dioxide emissions from fossil fuel use.

The Paris climate agreement, weakened by U.S. President Donald Trump’s decision in June to pull out, seeks to limit a rise in global temperature to “well below” two degrees Celsius (3.6 Fahrenheit) above pre-industrial times.

Current government pledges to cut emissions are too weak to achieve the 2C goal, meant to avert more droughts, more powerful storms, downpours and heat waves.

“Fortunately, this research shows we have a huge opportunity to reshape our food and land use systems,” Paul Polman, CEO of Unilever, said in a statement of Monday’s findings.

Climate change could jeopardize production of crops such as corn, wheat, rice and soy even as a rising global population will raise demand, he said.

The study said that some of the measures would cost $10 a ton or less to avert a ton of carbon dioxide, with others up to $100 a ton to qualify as “cost-effective” by 2030.

“If we are serious about climate change, then we are going to have to get serious about investing in nature,” said Mark Tercek, chief executive officer of The Nature Conservancy, which led the study.

From: MeNeedIt

#MeToo: Thousands Share Stories of Sexual Abuse

In the wake of sexual abuse allegations against Hollywood mogul Harvey Weinstein, tens of thousands of women are identifying themselves as victims of sexual harassment or assault.

Women and some men shared their stories on social media under the hashtag #MeToo after actress Alyssa Milano posted a message Sunday on Twitter that said, “If you’ve been sexually harassed or assaulted write ‘Me too’ as a reply to this tweet, we might give people a sense of the magnitude of the problem.”

By mid-day Monday, the hashtag had been retweeted more than a million times, a Twitter spokesman told Hollywood Reporter. Among those who weighed in were Lady Gaga, Monica Lewinsky, Rosario Dawson and Senator Elizabeth Warren.

“Being raped once made it easier to be raped again. I instinctually shut down. My body remembered, so it protected me. I disappeared. #metoo,” actress Evan Rachel Wood wrote as part of a series of tweets on her experience.

Hamilton star Javier Munoz tweeted, “Me too. I don’t know if it means anything coming from a gay man but it’s happened. Multiple times.”

Milano’s former co-star on TV’s Charmed, Rose McGowan, tweeted in support of the campaign. McGowan had her Twitter account suspended after she accused Weinstein of raping her.

McGowan’s account was reinstated after the hashtag #WomenBoycottTwitter began trending.

A similar social media campaign is playing out on Instagram among models who are sharing stories of abuse and harassment in the fashion industry.

Model Cameron Russell put out a post four days ago offering help to models and has been deluged with responses.

That effort has launched the hashtag #MyJobShouldNotIncludeAbuse.

Early last week, Weinstein was fired by the board of his production company, the Weinstein Co., following an explosive New York Times report just days earlier, in which 13 women accused him of sexually harassing or assaulting them.

In another report in The New Yorker, three women accused Weinstein of raping them.

From: MeNeedIt

How North Korea Builds Sophisticated Missiles

The rapid expansion of North Korea’s missile technology has puzzled many around the world. How does a country whose citizens are often on the brink of starvation develop technology for building sophisticated systems like ballistic missiles? VOA’s George Putic explains.

From: MeNeedIt

IMF: Global Economy Healthy, Still Needs Low Interest Rates

The world economy is the healthiest it’s been in years but could still use a little help from low-interest rates and higher government spending from countries that can afford it, the International Monetary Fund says. 

 

“There was a strong consensus that the global outlook is strengthening,” said Agustin Carstens, governor of the Bank of Mexico and outgoing chair of the IMF’s policy committee. “This does not mean we are declaring victory just yet.” 

 

The 189-member IMF and its sister agency, the World Bank, wrapped up three days of meetings Saturday. 

Broad recovery, risks

The IMF expects the global economy to grow 3.6 percent this year, up from 3.2 percent in 2016. And three-quarters of the global economy is growing, making this the broadest recovery in a decade. 

 

But IMF and World Bank officials pointed to risks that could derail global growth. Geopolitical risks are rising, including a confrontation between the United States and North Korea over Pyongyang’s nuclear weapons program. The income gap between rich and poor is growing, fueling political discontent with the free trade and global cooperation that the IMF and World Bank promote. 

 

So in a communique Saturday, the IMF’s policy committee called on world central banks to protect the fragile global recovery by keeping interest rates down in countries where inflation is too low and economies are performing below potential. 

 

IMF officials have also urged some countries with healthy finances, such as Germany and South Korea, to make investments that will spur growth. 

 

IMF Managing Director Christine Lagarde appealed to countries to enact reforms that will make their economies more efficient and spread prosperity to those who have been left behind. Specifically, Lagarde argued that countries could improve their economies and reduce inequality by putting more women to work, improving their access to credit and narrowing their pay gap with men. 

On Saturday, Ivanka Trump, the president’s daughter and a White House adviser, appeared with World Bank President Jim Yong Kim to launch a World Bank initiative to support women entrepreneurs. The World Bank fund has raised $350 million, which is designed to allow the World Bank to deploy at least $1 billion in capital to finance women-owned businesses. 

 

Ivanka Trump told the audience that she wanted to “spend a lot of time offering any value that I can as a mentor.” 

 

Adjusting to Trump

The World Bank and IMF delegates are still adjusting to the Trump administration, which is skeptical of international organizations and contemptuous of free trade agreements. This week, the United States pulled out of UNESCO, the United Nations’ cultural agency. It is has balked at providing additional capital to the World Bank unless the anti-poverty agency rethinks the way it distributes loans. It has scrapped an Asia-Pacific trade deal and is threatening to pull out of the North American Free Trade Agreement with Canada and Mexico. 

 

Treasury Secretary Steven Mnuchin said he carried in his pocket a list of all the G-20 nations and the size of the trade balances the United States has with each of those nations. With most of the G-20 countries, the United States is running a trade deficit.

 

In a speech Saturday to the IMF policy group, Mnuchin said he wanted to see the IMF be a more “forceful advocate” for strong global growth by taking a harder look at countries that abuse world trade rules. 

From: MeNeedIt

Tesla Fires Hundreds of Workers After Annual Reviews

Tesla Motors fired hundreds of workers after completing its annual performance reviews, even though the electric automaker is trying to ramp up production to meet the demand for its new Model 3 sedan.

The Palo Alto, California-based company confirmed the cuts in a Saturday statement, but didn’t disclose how many of its 33,000 workers were jettisoned. The San Jose Mercury News interviewed multiple former and current Tesla employees who estimated 400 to 700 workers lost their jobs.

The housecleaning swept out workers in administrative and sales jobs, in addition to Tesla’s manufacturing operations.

An unspecified number of workers received bonuses and promotions following their reviews, according to the company.

Tesla is under pressure to deliver its Model 3 sedan to a waiting list of more than 450,000 customers. The company so far has been lagging its own production targets after making just 260 of the vehicles in its last quarter.

Including other models, Tesla expects to make about 100,000 cars this year. CEO Elon Musk is aiming to increase production by five-fold next year, a goal that probably will have to be met to support Tesla’s market value of $59 billion, more than Ford Motor Co.

Unlike Ford, Tesla hasn’t posted an annual profit yet.

Despite the mass firings, Tesla is still looking to hire hundreds more workers.

From: MeNeedIt

Trump Won States Most Affected by End to Health Care Subsidies

President Donald Trump’s decision to end a provision of the Affordable Care Act that was benefiting roughly 6 million Americans helps fulfill a campaign promise, but it also risks harming some of the very people who helped him win the presidency.

Nearly 70 percent of those benefiting from the so-called cost-sharing subsidies live in states Trump won last November, according to an analysis by The Associated Press. The number underscores the political risk for Trump and his party, which could end up owning the blame for increased costs and chaos in the insurance marketplace.

The subsidies are paid to insurers by the federal government to help lower consumers’ deductibles and co-pays. People who benefit will continue receiving the discounts because insurers are obligated by law to provide them. But to make up for the lost federal funding, health insurers will have to raise premiums substantially, potentially putting coverage out of reach for many consumers.

Some insurers may decide to bail out of markets altogether.

“I woke up, really, in horror,” said Alice Thompson, 62, an environmental consultant from the Milwaukee area who purchases insurance on Wisconsin’s federally run health insurance exchange.

Thompson, who spoke with reporters on a call organized by a health care advocacy group, said she expects to pay 30 percent to 50 percent more per year for her monthly premium, potentially more than her mortgage payment. Officials in Wisconsin, a state that went for a Republican presidential candidate for the first time in decades last fall, assumed the federal subsidy would end when they approved premium rate increases averaging 36 percent for the coming year.

An estimated 4 million people were benefiting from the cost-sharing payments in the 30 states Trump carried, according to an analysis of 2017 enrollment data from the U.S. Centers for Medicare and Medicaid Services. Of the 10 states with the highest percentage of consumers benefiting from cost-sharing, all but one — Massachusetts — went for Trump.

Kentucky, for example

Kentucky embraced former President Barack Obama’s Affordable Care Act under its last governor, a Democrat, and posted some of the largest gains in getting its residents insured. Its new governor, a Republican, favors the GOP stance to replace it with something else.

Roughly half of the estimated 71,000 Kentuckians buying health insurance on the federal exchange were benefiting from the cost-sharing subsidies Trump just ended. Despite the gains from Obama’s law, the state went for Trump last fall even as he vowed to repeal it.

Consumers such as Marsha Clark fear what will happen in the years ahead, as insurers raise premiums on everyone to make up for the end of the federal money that helped lower deductibles and co-pays.

“I’m stressed out about the insurance, stressed out about the overall economy, and I’m very stressed out about our president,” said Clark, a 61-year-old real estate broker who lives in a small town about an hour’s drive south of Louisville. She pays $1,108 a month for health insurance purchased on the exchange.

While she earns too much to benefit from the cost-sharing subsidy, she is worried that monthly premiums will rise so high in the future that it will make insurance unaffordable.

Most beneficiaries in Florida

Sherry Riggs has a similar fear. The Fort Pierce, Florida, barber benefits from the deductible and co-pay discounts, as do more than 1 million other Floridians, the highest number of cost-sharing beneficiaries of any state.

She had bypass surgery following a heart attack last year and pays $10 a visit to see her cardiologist and only a few dollars for the medications she takes twice a day.

Her monthly premium is heavily subsidized by the federal government, but she worries about the cost soaring in the future. Florida, another state that swung for Trump, has approved rate increases averaging 45 percent.

“Probably for some people it would be a death sentence,” she said. “I think it’s kind of a tragic decision on the president’s part. It scares me because I don’t think I’ll be able to afford it next year.”

Double-digit premium increases

Rates were rising in the immediate aftermath of Trump’s decision. Insurance regulators in Arkansas, another state that went for Trump, approved premium increases Friday ranging from 14 percent to nearly 25 percent for plans offered through the insurance marketplace. Had federal cost-sharing been retained, the premiums would have risen by no more than 10 percent.

In Mississippi, another state Trump won, an estimated 80 percent of consumers who buy coverage on the insurance exchange benefit from the deductible and co-pay discounts, the highest percentage of any state. Premiums there will increase by 47 percent next year, after regulators assumed Trump would end the cost-sharing payments.

The National Association of Insurance Commissioners has estimated the loss of the subsidies would result in a 12 percent to 15 percent increase in premiums, while the nonpartisan Congressional Budget Office has put the figure at 20 percent. Experts say the political instability over Trump’s effort to undermine Obama’s health care law could prompt more insurers to leave markets, reducing competition and driving up prices.

Trump’s move concerned some Republicans, worried the party will be blamed for the effects on consumers and insurance markets.

“I think the president is ill-advised to take this course of action, because we, at the end of the day, will own this,” Republican Rep. Charlie Dent of Pennsylvania said Friday on CNN. “We, the Republican Party, will own this.”

Dent is not running for re-election.

GOP support

In announcing his decision, Trump argued the subsidies were payouts to insurance companies, and the government could not legally continue to make them. The subsidies have been the subject of an ongoing legal battle because the health care law failed to include a congressional appropriation, which is required before federal money can be spent.

The subsidies will cost about $7 billion this year.

Many Republicans praised Trump’s action, saying Obama’s law has led to a spike in insurance costs for those who have to buy policies on the individual market.

Among them is Republican Rep. Andy Biggs of Arizona, a state Trump won. An estimated 78,000 Arizonans were benefiting from the federal subsidies for deductibles and co-pays.

“While his actions do not take the place of real legislative repeal and revitalization of free-market health care, he is doing everything possible to save Americans from crippling health care costs and decreasing quality of care,” Biggs said.

From: MeNeedIt

Twitter CEO Vows to Police Sexual Harassment, Hate, Violence

Twitter CEO Jack Dorsey is promising the company will do a better job weeding out sexual harassment, hateful symbols and violent groups from its short messaging service.

The pledge issued in a series of tweets late Friday followed a boycott organized by women supporting actress Rose McGowan after she said Twitter temporarily suspended her account for posting about the alleged misconduct of film producer Harvey Weinstein. The movie mogul was fired last Sunday by the company he co-founded amid accusations that he sexually harassed or sexually assaulted women.

Dorsey acknowledged Twitter hasn’t been doing enough to ensure voices aren’t silenced on the service despite policy changes made since 2016. He said the new rules will be announced next week, with the changes taking effect soon after.

From: MeNeedIt

Mystery Hacker Steals Australian Defense Data

A  mystery hacker who was given the alias of a TV soap opera character has stolen sensitive information about Australia’s multi-billion dollar warplane and navy projects.  Intelligence officials say the break was significant, although the Australian government insists that only low-level data was taken.  The identity of the cyber criminal is not known. 

The virtual break-in saw cyber thieves take illustrations of a major Australian naval project. About 30GB of data was stolen.  Details about new fighter planes, submarines and Australia’s largest warships were also compromised.  The breach began in July last year, but the Australian Signals Directorate, a domestic spy agency, was not alerted until November.  Intelligence officials say the hack, which targeted a private defence contractor in South Australia state, was – in their words – ‘extensive’ and ‘extreme.’

But the government is insisting there was no threat to national security.

Australia’s Defence Industry Minister, Christopher Pyne, says only low-level data was taken.

“I am pleased in a way that it reminds Australian business of the dangers that lurk out there,” said Pyne. “The information that has been stolen is commercial information.  It is not classified information, so it is not military information.  The government is doing its job.  Australian businesses need to be thorough in providing for their cyber security otherwise they will not get contracts with the government.”

It is thought the hacker had exploited a weakness in software being used by the government contractor in the city of Adelaide, which had not been updated for 12 months.

Australian cyber security officials humorously dubbed the mystery attacker “Alf”, after a character on the popular TV soap opera ‘Home and Away’.  They haven’t said if they suspect a foreign state was involved.

Earlier this year, Australian Prime Minister Malcolm Turnbull said cyber security was “the new frontier of warfare” and espionage, while announcing new measures to protect Australian governments and businesses from foreign interference.

Last year, a foreign power, reported in sections of the Australian media to be China, installed malicious software on computers at Australia’s national weather bureau. 

From: MeNeedIt

Obamas Choose Artists to Paint Official Portraits

The United States’ National Portrait Gallery has announced that two up-and-coming African-American artists, Kehinde Wiley and Amy Sherald, have been selected to paint the official portraits of former President Barack Obama and first lady Michelle Obama.

The Smithsonian Institution, parent organization of the National Portrait Gallery, said Friday that President Obama had specifically requested to be painted by Wiley, 40, whose portraits of young black men have made a sharp impact on the art world.

Wiley places his young models in poses reminiscent of famous court painters of previous centuries, such as Diego Velazquez, Peter Paul Rubens, and Hans Holbein. He paints many of his subjects larger than life, using gauzy realism and vivid colors to arrest the viewer’s attention.

Wiley, born in Los Angeles, California, has been considered a successful artist for more than a decade.

His images replace the white subjects of his forbears with handsome young African-American men and women in front of decorative backdrops that resemble wallpaper. Some of the backdrops contain designs that overlap the figure in the portrait, raising questions about whether the subject has power over his environment or is trapped by it.

​Some of Wiley’s subjects are famous, such as rapper-turned-actor LL Cool J, whose portrait shows him seated, larger than life, coolly aloof as he gazes down on his audience in front of a vibrant red and green damask pattern.

In recent years Wiley has conducted what he calls his World Stage project, painting subjects from a variety of far-flung places, such as China, Jamaica, Haiti, Sri Lanka and Brazil. His paintings place people of color in settings where they radiate power, beauty and grace equal to the light-skinned subjects who for centuries were the focus of similar portraits.

First lady’​s portrait

Michelle Obama chose Sherald, winner of the National Portrait Gallery’s annual portraiture competition in 2016, to paint her portrait as first lady.

Sherald is a 44-year-old African-American woman from Baltimore, Maryland, scene of protests in 2015 over the death while in police custody of Freddie Gray, a 25-year-old African-American man.

With racial tensions still running high in her hometown, Sherald’s portraits, like Wiley’s, focus on her African-American subjects in a way that emphasizes grace, dignity and each person’s unique features.

Sherald’s work is full of poised energy. Some of her images look almost flat, like cutouts, but the faces and bodies of her subjects look as though they were asked to stop and pose in the middle of a movement, a thought or a breath.

The painting for which Sherald won the National Portrait Gallery is called “Miss Everything (Unsuppressed Deliverance)” and features a young black woman dressed in a navy blue dress, white gloves and a striking red hat, holding an oversized white teacup and saucer. The subject looks graceful and relaxed while her eyes bore into the viewer in an unspoken challenge.

The work of both artists examines and challenges ideas about black identity, a prominent concept in the legacy of the nation’s first African-American presidential couple.

National Portrait Gallery

The National Portrait Gallery and the White House work together at the conclusion of each presidency to commission two official sets of portraits, with one set for display at the White House and one at the National Portrait Gallery. Both collections are in Washington, D.C.

In a statement Friday, Director Kim Sajet said the National Portrait Gallery “is absolutely delighted that Kehinde Wiley and Amy Sherald have agreed to create the official portraits of our former president and first lady.”

Sajet noted that both artists have been very successful, but more importantly, she said, “they make art that reflects the power and potential of portraiture in the 21st century.”

The portraits are expected to be unveiled in early 2018.

From: MeNeedIt