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Microsoft Ties Fake US Political Websites to Russian Hackers

A group affiliated with the Russian government created phoney versions of five websites - including some related to public policy and to the US Senate

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Showing posts with label Interesting. Show all posts
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Tuesday, August 21, 2018

Russian Hackers made fake US Political Websites















A group affiliated with the Russian government created phoney versions of five websites - including some related to public policy and to the US Senate - with the apparent goal of hacking into the computers of people who were tricked into visiting, according to Microsoft, which said Monday night that it discovered and disabled the fake sites.

The effort by the notorious APT28 hacking group, which has been publicly linked to a Russian intelligence agency and actively interfered in the 2016 presidential election, underscores the aggressive role Russian operatives are playing ahead of the midterm congressional elections in the United States. US officials have repeatedly warned that the November vote is a major focus for interference efforts. Microsoft said the sites were created over the past several months but did not go into more specifics.

Microsoft's Digital Crimes Unit took the lead role in finding and disabling the sites, and the company is launching an effort to provide expanded cyber-security protection for campaigns and election agencies that use Microsoft products.

Among those targeted were the Hudson Institute, a conservative Washington, DC, think tank active in investigations of corruption in Russia, and the International Republican Institute (IRI), a nonprofit group that promotes democracy worldwide. Three other fake sites were crafted to appear as though they were affiliated with the Senate, and one nonpolitical site spoofed Microsoft's own online products.

The Senate did not immediately respond to requests for comment late Monday.

Microsoft said Monday that it had found no evidence that the fake sites it recently discovered were used in attacks, but fake sites can carry malware that automatically loads onto the computers of unsuspecting visitors. Hackers often send out deceptive "spear-phishing" emails to trick people into visiting sites that appear to be authentic but in fact allow the attackers to penetrate and gain control of computers that log on, allowing the theft of emails, documents, contact lists and other information.

"This apparent spear-phishing attempt against the International Republican Institute and other organisations is consistent with the campaign of meddling that the Kremlin has waged against organisations that support democracy and human rights," said Daniel Twining, IRI's president, who put blame on Russian President Vladimir Putin. "It is clearly designed to sow confusion, conflict and fear among those who criticise Mr. Putin's authoritarian regime."

The move by Microsoft is the latest effort by Silicon Valley to address Russian threats to the coming election more aggressively than the technology industry did in 2016, when many woke up to the seriousness and sophistication of disinformation efforts only after Americans had voted. Companies and U.S. officials have vowed to work together more closely this year. Facebook recently disclosed that the company had taken down 32 fake accounts and pages that were tied to the Internet Research Agency, a Russian disinformation operation active before and after the 2016 election.

After discovering the sites recently, Microsoft said, it sought to obtain a court order to transfer the domain names to its own servers, a legal tactic that the company's security division has used a dozen times since 2016 to disable 84 websites created by APT28, which also is sometimes called Strontium or Fancy Bear. APT28, a unit under the Russian military intelligence agency GRU, specialises in information warfare or hacking and disinformation operations. "APT" refers to "advanced persistent threat" in cyber-security circles.

The court order, executed last week, effectively allowed Microsoft to shut down the sites and to research them more fully. Microsoft has used the legal tactic to go after botnets, or malicious networks of automated accounts, since at least 2010.

Microsoft President Brad Smith said in an interview that the company had been tracking the Russian-government-backed group for two years but had decided to speak publicly about the company's efforts for the first time because of a growing sense of urgency and an uptick in Russian activity ahead of the midterms.

"You can't really bring people together in a democratic society unless we share information about what's going on," Smith told The Washington Post. "When there are facts that are clear as day, for those of us who operate inside companies, increasingly we feel it's an imperative for us to share this more broadly with the public."

He said that the technology industry was seeking to become more transparent with the public. The company previously had announced that two political candidates had been subjected to spear-phishing attacks.

Installing malicious software on phony websites is a popular method for hacking into computers and resembles the tactic used in the attack on John Podesta, the campaign chairman for Hillary Clinton, who received a fake security-warning email that linked to a phony site created by Russians. His stolen emails were released publicly in the final weeks of the presidential election and caused embarrassment for their blunt assessments of various matters. Cyber-security researchers have blamed the hack of Podesta's email on APT28.

Special Counsel Robert Mueller in July indicted 12 Russian intelligence officers, accusing them of hacking the Democratic National Committee, also in 2016.

Microsoft did not explicitly blame the Russian intelligence agency for the attack announced Monday but it did cite Russia's government and named APT28 and its pseudonyms, Strontium and Fancy Bear.

The Hudson Institute said that it, like many Washington institutions, had been the subject of previous cyber-attacks. David Tell, the group's director of public affairs, said that the Hudson Institute's Kleptocracy Initiative, which frequently reports on corruption in Russia, may have made the conservative think tank a target. Tell also noted that Director of National Intelligence Daniel Coats, speaking at the Hudson Institute in July, called Russia "the most aggressive foreign" actor in seeking to divide Americans, which could have drawn the attention of APT28. "This kind of stuff does happen. It's happened to us before," Tell said. "It doesn't surprise me that bad actors in nondemocratic states would want to mess with us."

The phony websites, which were registered with major web-hosting companies, were at my-iri.org, hudsonorg-my-sharepoint.com, senate.group, adfs- senate.services, adfs-senate.email and office365-onedrive.com, according to Microsoft. Their discovery underscores the central role that American tech companies, which frequently have been criticised for hosting Russian disinformation on their platforms, can play in ferreting it out.

Eric Rosenbach, former Pentagon chief of staff and now co- director of Harvard University's Belfer Center for Science and International Affairs, applauded Microsoft for quickly announcing its discoveries. He said that companies sometimes can act in ways that governmental agencies cannot because of legal and ethical restrictions.

"The tech sector needs to play a role in protecting elections and protecting campaigns," Rosenbach said. "The tech sector will have visibility on some of these things that the [National Security Agency] never could and never should."

Microsoft also said Monday it was launching an initiative to provide enhanced cyber-security protections free to candidates and campaign offices at the federal, state and local level that use its Office 365 software, as well as think tanks and political organisations the company believes are under attack.

"For many decades, people in democratic societies saw these as fundamentally tools that were more likely to bring information to people living in authoritarian countries, and we didn't really worry about these kinds of technologies causing risks to a democratic society," Smith said. "What we're seeing now, with email and voting systems and social media, is [the technologies] creating an asymmetric risk for democratic societies."



Ref: https://gadgets.ndtv.com/internet/news/microsoft-ties-fake-us-political-websites-to-russian-hackers-1903883
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Meet the Indian-American couple who stand to make $2 billion from the Syntel-Atos deal














Syntel co-founders, Bharat Desai and his wife Neerja Sethi, have seen their rankings dive on the Forbes Richie Rich lists in the past few years. Desai, who was ranked the richest Indian-American in the World Billionaires list in 2014, came in at No. 1999 in the 2018 rankings. Similarly, Sethi ranked 21st on the magazine's list of America's 60 self-made richest women, down from rank 14 in 2015.

But with the couple recently selling Syntel to French technology services major Atos SE for $3.4 billion, their fortunes are going to see a sharp turnaround. According to The Times of India, they jointly held a 57 per cent stake in the company, which means that they will walk away with nearly $2 billion from the all-cash deal expected to close by the end of this year. That's a pretty impressive way to end a journey that Desai and Sethi embarked on 38 years ago, when they started Syntel from their apartment in Troy, Michigan.

Kenya-born Desai, who grew up in India and graduated from IIT-Bombay, reportedly moved to the US in 1976 as a programmer for Tata Consulting Services. After working there briefly, he went on to pick up an MBA degree from the University of Michigan. It was here that he met Sethi and the duo decided to start an IT company while they were still studying.

At an entrepreneur event in 2013 in Delhi, Desai reportedly said that "I always wanted to run a business of my own. I was a horrible employee and could not live by anybody else's rule. So, the best way was to start my own company. My wife is the toughest board member." He had further stated he knew the IT services industry would grow significantly and with the right moves, "we could outpace overall growth."

The report adds that Syntel, modelled along the lines of TCS in some ways, was set up with an initial investment of just $2,000 in 1980. It went on to post revenues of $30,000 in its first year and got a massive boost when it signed on General Motors as a client. Though it started out as an IT staffing company, it soon evolved into a firm providing IT applications services. In 1992, it opened the first of its multiple India Global Development Centers, and five years on the company not only went public but also managed to grow its turnover to the $100 million milestone. It is currently nine times bigger - Syntel raked in nearly $924 million in 2017. 

In April, after releasing its first quarter results, the 23,000-employee company had said that it expects revenue of $920-960 million in 2018, based on an exchange rate assumption of Rs 65 to the dollar. But if the dollar continues to remain as strong as it is currently, the figures will likely move up.

Yet, despite all this, Syntel failed to soar to heights of tech giants. Consider Infosys for instance. Though it started just a year after Syntel, today it is India's second largest IT services firm with over $10 billion in revenue, 10 times that of Syntel.

Desai and Sethi had a dream run in the years leading up to the dotcom bust - including bagging the 2nd spot in Forbes' "200 Best Small Companies in America" rankings - but then Syntel's share price plunged in 2000-2001.

The company recovered and its share price rallied an impressive 1766 per cent on the NASDAQ between 2001 and 2015, before running into rough weather again. In 2016, the stock plunged from $46 to about $19 per share in just over two months after the company declared a special cash dividend of $15 per share in September 2016.

"The special cash dividend will be funded through dividends to the Company by U.S. subsidiaries, the one-time repatriation of approximately $1.24 billion of cash held by the Company's foreign subsidiaries and a portion of borrowings under a new senior credit facility," the company had said at the time, adding, "In connection with the one-time repatriation, the Company expects to recognize a one-time tax expense of about $264 million (net of foreign tax credits) in the third quarter of 2016."

In the bargain, the company also had to downgrade its earnings per share outlook to a loss, which prompted a massive selloff of the stock, from which it is yet to fully recover. Nonetheless, the share prices have jumped nearly 110 per cent in the past year, which partly explains the price now paid by Atos.



Ref:  https://www.businesstoday.in/buzztop/buzztop-corporate/meet-the-indian-american-couple-who-stand-to-make-2-billion-from-the-syntel-atos-deal/story/280611.html
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