Widespread Cyberattack Hits Major European Companies
A widespread cyberattack rippled across Europe on Tuesday and disrupted the computer systems of banks and major companies in Ukraine, Russia, Britain and elsewhere — mirroring a crippling ransomware assault a month ago.
Merck & Co., an American pharmaceutical company, tweeted that its computer network “was compromised … as part of the global hack.” U.S.-based food giant Mondelēz International also reported a “global IT outage.”
The attack is being linked to ransomware known as Petya, which was previously advertised for sale on top-tier Russian criminal forums, according to research from New York City-based Flashpoint, a business risk intelligence firm.
“Initial reports indicate the outbreak is mainly in Ukraine and Russia, but there are other companies impacted outside of those countries,” Flashpoint said, adding that the initial means of infection remains unknown but it has spread similarly to that of the worldwide “WannaCry” malware attack affecting about 300,000 computers in May.
Other security firms also said Petya or a modification of it was involved, although Kaspersky Lab, a Russian security software company, said its preliminary findings suggest new ransomware may be the culprit. Around 2,000 systems have been affected, Kaspersky said.
Europol, the European law enforcement agency, tweeted that it was aware of the ransomware threat and was working with various cyberunits to determine the “full nature of this attack.”
Ukrainian Prime Minister Volodymyr Groysman said the scale of the ransomware campaign on his country was “unprecedented,” but that “vital systems haven’t been affected.”
The National Bank of Ukraine warned financial institutions and related firms they may experience difficulties in their operations. The bank said it was “confident” that the country’s banking infrastructure is “securely protected from cyberattacks and any attempts to perform hacker attacks will be efficiently warded off.”
The government’s computer network went down as well, and Ukraine’s deputy prime minister, Pavlo Rozenko, posted a picture on Twitter of a computer screen with an error message.
A message on a cash machine for Ukraine’s state-owned bank Oschadbank demanded $300 worth of Bitcoin — and taunted victims not to “waste your time” looking for another fix.
“If you see this text, then your files are no longer accessible, because they have been encrypted,” the message read in English, according to an image taken by a Reuters photographer in Kiev.
“Perhaps you are busy looking for a way to recover your files, but don’t waste your time. Nobody can recover your files without our encryption service.”
The message then went on to say how to pay the ransom in Bitcoin. The number of companies and agencies reportedly affected Tuesday was piling up fast as the electronic rampage appeared to be rapidly snowballing into a real-world crisis.
The cyberattack affected operations at the Chernobyl nuclear site in Ukraine, forcing some radiation checks to be carried out manually at the facility, which famously exploded in 1986.
Meanwhile, Britain’s WPP, the world’s biggest advertising agency, said it had been hit by a cyberattack.
In Germany, postal and logistics company Deutsche Post said systems of its Express division in the Ukraine had been disrupted.
Global shipping firm Shipping company A.P. Moller-Maersk in Copenhagen said it had suffered a computer system outage also caused by a cyberattack.
by ERIK ORTIZ and BEN POPKEN
Cybersecurity is a constantly evolving business exposure affecting all employees, executives, and stakeholders at every level of an organization. Unfortunately, Privacy and Security compromises do not discriminate between small to large size businesses. My goal for the Cybersecurity Forum is to further enlighten, educate, and empower the members with current trends and threats. In addition, we will discuss ways to bolster our collective defenses to protect the businesses we are very passionate about.
All businesses should take cybersecurity seriously. Here, at Advocate Health Care, we continue to invest heavily in a cybersecurity program that includes continuous improvement of processes around all aspects of the necessary administrative, technical, and physical safeguards. All businesses should review the effectiveness of their cybersecurity programs on a continual basis to maintain a safe technical operating environment. A sound cybersecurity program strongly contributes to the long-term growth and success of any business.
The Cybersecurity Forum panelists are impressive and accessible. I
can’t wait to learn more from them during the panel discussion and
know that chamber members will benefit from the depth and breadth of
Cybersecurity – is one of the critical problems of our time. At the core of the problem is ironically also the solution – people. Whether it is cognitive overload, emotional incentives, or our fundamental need for communication, we continue to see the strongest security network only as good as the human connecting the next device to the very network.
Cybersecurity should rank high in the level of importance for any business but unfortunately it is minimized in many organizations until a security breach actually occurs. Cybersecurity breaches can cripple businesses and in some cases a breach can cause them to fail entirely. Assessing business risk, business continuity plans and taking actions relative to the highest cybersecurity risks within the business can help to avoid problems in the future. Vulnerabilities can also change so a continued periodic internal assessment is prudent for any business.
There will be a little more magic during the 35th anniversary season of Oak Brook Park District’s Outdoor Summer Concerts in Central Park. Drury Lane has signed on as the title sponsor of the 5-week series which is bringing back Oak Brook favorites such as the Rhythm Rockets and Metro Star Orchestra.
“Drury Lane has been a major force in Chicagoland cultural arts and theatre for more than 60 years,” said Kristina Crunk, corporate and community relations for Oak Brook Park District. “They are a perfect partner for Concerts in the Central Park and we are so thankful for their support.”
At each concert performance, music lovers will have the opportunity to win tickets to the Drury Lane 2017-2018 theatrical season which includes award winning performances of “The Gin Game,” “Rock of Ages,” and “42nd Street.”
“When Kristina asked us to sponsor the concert series, we jumped at the opportunity. Music is the heart of what we do at Drury Lane and we are excited to support it in our community,” said Michelle Higgins, director of marketing at Drury Lane.
The outdoor concerts start at 7pm at the Central Park Pavilion beginning Thursday, June 29. In case of inclement weather, the shows will be moved to the Family Recreation Center, 1450 Forest Gate Road. Concert goers may bring outside food and beverages to the shows, but the park district has arranged for Chase Events and Cuvee Cellars Wine Shop and Wine Bar to provide affordable options for food, beverages, and wine onsite.
2017 Outdoor Summer Concerts in Central Park Schedule:
June 29, 2017- Petty Cash (Tom Petty/Johnny Cash Tribute)
July 6, 2017- Shindig (A Tribute to the ‘60s)
July 13, 2017- Rhythm Rockets (Swing)
July 20, 2017- Metro Star Orchestra (The “Little” Big Band)
July 27, 2017- Piano Man: Billy Joel & Elton John Tribute
For more information, please visit www.obparks.org/concerts.
Arranmore Earns “Best Team in The Prairie State” Title with Close Win Over Oak Brook
It was a 90+ degree day, however that didn’t stop Oak Brook Polo Club from officially kicking off the 2017 season with a 12-Goal polo match against rival Arranmore on Sunday, June 11th at the Prince of Wales Field in Oak Brook. Captained by John Greene (1), Arranmore defeated Oak Brook 13-11 in a close match with the score difference never more than two goals for either team. Team members included Del Walton (3), Tod Rackley (3) and Maco Llambias (5).
The Oak Brook team, captained by Chicago business leader Jim Drury included Horacio Onetto (4), Tomas “Toto” Obregon (4), Mariano Gutierrez (4) and substitute Pamela Flanagan (0). Drury began the match with some introductory remarks and welcomed the crowd from atop his horse before reality star Danni Allen, winner Season 14 of NBC’s Biggest Loser, sang an impressive rendition of the national anthem.
After the ceremonial bowl in, the match was underway and Oak Brook’s Onetto scored the first goal of the afternoon off an open goal penalty 3 shot. Not too long after, Walton did the same for Arranmore, again on a 3-goal penalty.
Over 400 spectators were in attendance amidst the heat to enjoy a full 6-chukkers of polo in addition to participating in contests such as the Barrington Saddlery’s Mallet Challenge, Best Hat Contest, Polo Trivia and the traditional halftime “Divot Stomp.” Players ran the ball several times up and down the west and east side of the field to give field-side spectators an understanding of the speed and urgency of a 12-goal polo game.
“Despite the temperature, an enthusiastic crowd came out to enjoy a thrilling match of 12-goal polo, which has not been seen in over a decade at Oak Brook,” explained Drury. “We saw record attendance in our Club and sponsor seating areas and everyone expressed excitement at seeing the new venue configuration and amenities, including elevated stadium seating, Room & Board patio furniture, the Pimm’s Chukker Bar and more.”
The winning goal was shot by Del Walton who had 10 goals total and received MVP honors. Other high goal scorers include Oak Brook’s Onetto and Obregon who tied with four each. Best Playing Pony went to “Peacemaker” owned by Onetto.
“Jim Drury and the Oak Brook Sports Core have done an amazing job with the field and bringing it back to where high-goal, competitive tournament polo can be played again,” added Greene.
The Oak Brook Polo team’s home schedule features seven polo matches and includes the return of the “Commander’s Cup” and “Horses & Horsepower” events in addition to the “International Polo Series.” The team will also be competing in several 8-12 goal competitions and tournaments outside of Oak Brook including matches at Arranmore Farm & Polo Club (Oswego), Morgan Creek (Yorkville), Due West (Chicago), Font Farm (Plano) and other Chicagoland area polo clubs and fields.
2017 marks Oak Brook Polo Club’s 95th season as one of the nation’s oldest polo clubs in operation today and fourth oldest sports property in Chicago. Once considered the “polo capital” of the world Oak Brook was the destination for American Polo players and enthusiasts.
Oak Brook Polo Club is located at 2606 York Road, seventeen miles from Chicago’s Loop. A variety of ticket options are available at www.oakbrookpoloclub.com. For general information, event scheduling, and parking directions, please call 630.368.5095.
Photos by Time Stops Photography
NAI Hiffman is proud to announce that its Industrial Capital Markets Team and NAI Global Corporate Services represented J.C. Penney Properties, Inc. in the sale and short-term leaseback of the JCPenney distribution center located at 6800 Valley View Street in Buena Park, California.
Spanning 1,035,000 square feet, the center is situated within the Los Angeles market and the highly sought-after Mid-Counties/North Orange County industrial submarket, benefitting from immediate access to the area’s vast interstate system and two of the busiest seaports in the United States – The Port of Long Beach and The Port of Los Angeles.
Having served as one of JCPenney’s main distribution centers since 1967, the unique asset consists of one of the largest blocks of distribution space in the tightest and most land-constrained industrial market in the U.S.
The sale attracted heavy interest from investors that aggressively pursued the asset, which has been a target for redevelopment due to the limited supply of expensive land and limited pipeline of new construction in the area.
CenterPoint Properties purchased the asset at an undisclosed price and the acquisition has reportedly been marked as the largest contiguous single-tenant transaction in Orange County over the last 25 years.
The free-standing facility was constructed in two phases in 1967 and 1986 and currently features up to 32’ warehouse ceiling heights, 154 dock-high loading doors, 263 trailer parking spaces, and loading on three sides featuring 190’ deep truck courts.
The NAI Hiffman Capital Markets Team of Pat Sullivan, Senior Vice President, and Ryan Chambers, Vice President, as well as Executive Vice President of Industrial Services, Adam Roth, CCIM, SIOR, worked alongside NAI Global Corporate Services’ Executive Vice President & Managing Directors, Brett Spitzer and Joe Howell, and NAI Capital’s Senior Vice Presidents, Nicholas Chang and Richard Lee in exclusively representing the owner in the sale.
Business Women’s Photoshoot
Men’s Business Portrait