The Phaserl


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 (

British hospitals, Spanish firms among targets of global ‘ransomware’ attack (

Dollar starts week under shadow of underwhelming data, North Korea (

Asian markets largely surge ahead despite global risks (

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