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Checkpost attack in China, 18 killed

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Beijing: At least 18 people died after ethnic Uighurs in northwestern China’s Xinjiang province attacked the police with knives and bombs at a traffic checkpoint.

The attack followed a government order banning a part of the region’s population from fasting during the Muslim holy month of Ramadan, reports Efe.

Suspects killed several police officers with knives and bombs after speeding through a traffic checkpoint in a car in Kashgar’s Tahtakoruk district, US-based Radio Free Asia said, citing Turghun Memet, an officer at a nearby police station.

“Armed police responded to the attack and killed 15 suspects designated as terrorists,” Memet said.

The attack comes at the beginning of the Muslim holy month of Ramazan, a sensitive time in Xinjiang after an uptick in attacks over the past three years in which hundreds have died, blamed by Beijing on Islamist militants.

Exiled Uighur groups and human rights activists say repressive government policies in Xinjiang, including controls on Islam and on Uighur culture, have provoked unrest, a claim that Beijing denies.

(IANS)

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Cybercrimes cost businesses $600 billion globally: McAfee report

Cybercrime losses are greater in richer countries; however, the countries with the greatest losses are mid-tier nations that are digitised but not yet fully capable of cybersecurity, the report noted.

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Russia, North Korea and Iran are the most active in hacking financial institutions, while China is the most active in cyber espionage.
Russia, North Korea and Iran are the most active in hacking financial institutions, while China is the most active in cyber espionage. Wikimedia Commons

Cybercrimes have cost businesses close to $600 billion globally — or 0.8% the global GDP — which is up from $445 billion reported three years back, a report said on Thursday.

The report by the global cybersecurity firm McAfee, prepared along with the Centre for Strategic and International Studies (CSIS), said that over the last three years, cybercriminals have quickly adopted new technologies to ease the process of engaging in cybercrimes.

“Ransomware-as-a-Service Cloud providers efficiently scale attacks to target millions of systems, and attacks are automated to require minimal human involvement,” Steve Grobman, Chief Technology Officer for McAfee, said in a statement.

Also Read: Indian companies more prone to cyber attacks

“Add to these factors cryptocurrencies that ease rapid monetisation, while minimising the risk of arrest, and you must conclude that the $600 billion cybercrime figure reflects the extent to which our technological accomplishments have transformed the criminal economy as dramatically as they have every other portion of our economy,” he added.
The report, titled “Economic Impact of Cybercrime — No Slowing Down”, said that banks remain the favourite target for cybercriminals.

McAfee, Inc. is an American global computer security software company.
McAfee, Inc. is an American global computer security software company. Wikimedia Commons

Russia, North Korea and Iran are the most active in hacking financial institutions, while China is the most active in cyber espionage.

“Our research bore out the fact that Russia is the leader in cybercrime, reflecting the skill of its hacker community and its disdain for Western law enforcement,” said James Lewis, Senior Vice President at CSIS.

“North Korea is second in line, as the nation uses cryptocurrency theft to help fund its regime, and we’re now seeing an expanding number of cybercrime centres, including not only North Korea but also Brazil, India and Vietnam,” Lewis added.

Cybercrime losses are greater in richer countries; however, the countries with the greatest losses are mid-tier nations that are digitised but not yet fully capable of cybersecurity, the report noted. (IANS)

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