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Cyber Attacks Show Vulnerability of Digital Systems and Digital Currencies

by Mark O’Byrne, Gold Core:

– Cyberattacks expected to spread in “second phase”
– UK intelligence says scale of threat significant
– Microsoft slams NSA for letting hacking tools cause global malware epidemic

– Ransomware attack already crippled more than 200,000 computers in 150 countries
– 1.3 million computer systems believed to be at risk
– Europol warns many computer systems simply won’t start
– Businesses, banks and government agencies around world told to prepare
– Renault, FedEx among companies affected by cyber-attack
– Banks in China including ATMs were affected

– Hackers could shut down banks and cut off power and water supplies
– “Biggest threat to civilisation” since the Second World War – Cyber security expert


– Risks posed to digital deposits and digital wealth are the “new case for gold”
– Cyber attacks growing in frequency – Western financial system vulnerable

News and Commentary

Gold firm on weak U.S. data, North Korea concerns (Reuters.com)

British hospitals, Spanish firms among targets of global ‘ransomware’ attack (Reuters.com)

Dollar starts week under shadow of underwhelming data, North Korea (Reuters.com)

Asian markets largely surge ahead despite global risks (MarketWatch.com)

Read More

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