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Winning geothermal, wind bids announced in 4th auction round

THE Department of Energy (DoE) said it selected four winning bidders in the fourth round of its open and competitive selection process (OCSP4) for hydropower, geothermal, and wind energy resources.

In an advisory on Tuesday, the DoE said that four applications were determined to have met the minimum evaluation criteria out of the 20 predetermined areas (PDAs) it offered.

Energy Development Corp. won the bid for the Buguias-Tinoc Geothermal Power Project (GPP) with a potential capacity of 100 megawatts (MW). It was also declared the winner of the 20-MW Mt. Sembrano GPP.

Freya Renewables, Inc. and South Luzon Energy Solutions, Inc. turned in successful bids for the Pantabangan Wind Power Project (WPP) and the Bagac WPP. The potential capacity for the two sites has yet to be determined.

“All OCSP4 participants will receive the corresponding formal notice on the results of their application and the next steps in the process,” the DoE said.

The DoE had moved the deadline for the bidding round to Sept. 28 from Aug. 29 to ensure the “widest participation” possible and to provide time for prospective bidders to prepare their proposals.

According to the DoE, seven PDAs received no applications during the opening of bids.

The six potential hydroelectric power projects (HPP) that attracted no bids are the Sibalom (Upper Cascade) HPP with 4.2 MW potential capacity, Davildavilan River HPP (1 MW), Ruparan HPP (4 MW), Canayan HPP (5.65 MW), Three Rivers HPP (7 MW), and Baua HPP (1.71 MW). 

The Mabini geothermal site also received no applications.

The DoE said Basak II HPP (0.5 MW) and Carac-an HPP (16.3 MW) attracted bids that were disqualified due to incomplete submissions, and after the rejection of motions for reconsideration.

The OCSP4 Review and Evaluation Committee also disqualified seven other applications. The PDAs involved may now be applied  directly. — Sheldeen Joy Talavera

Early rally carries Rangers to 2-1 World Series advantage

PHOENIX — Corey Seager’s two-run homer capped a three-run third inning and led the Texas Rangers to a 3-1 win over the Arizona Diamondbacks in Game 3 of the World Series on Monday night.

Despite the early exit of starter Max Scherzer, the Rangers grabbed a 2-1 lead in the best-of-seven series. Game 4 will be played Tuesday night in Phoenix.

With Texas up 1-0 after a two-out, run-scoring single from Marcus Semien, Mr. Seager hit his second home run of the World Series and his fifth of the postseason, this one off Diamondbacks starter Brandon Pfaadt.

Mr. Pfaadt, a rookie, had been impressive in his three most recent postseason starts, allowing only two runs allowed over 14 innings to go with 18 strikeouts. But Mr. Seager connected on a first-pitch changeup that was high in the strike zone, and the ball sailed into the seats in right field, moments after a meeting on the mound among the Diamondbacks.

Mr. Scherzer pitched three scoreless innings before exiting with what was announced as back tightness. Mr. Scherzer, facing his former team, had been struck by a ball hit up the middle by the Diamondbacks’ Alek Thomas in the second inning.

Mr. Scherzer gave up two hits with two walks while striking out one.

Jon Gray, who had been considered by Rangers manager Bruce Bochy to start Game 4, entered Game 3 in relief and earned the win. Mr. Gray (1-0) tossed three shutout innings and allowed only one hit. He fanned three without issuing a walk.

Mr. Pfaadt (0-1) lasted 5 1/3 innings, and he yielded three runs on four hits. He struck out four and walked two.

The Diamondbacks had the first real scoring opportunity of the game in the bottom of the second inning, when Christian Walker led off with a double. Tommy Pham lined a base hit into right field, and Walker ran through a stop sign from the third base coach and was thrown out at the plate by Rangers right fielder Adolis Garcia.

Garcia left the game with left side tightness after flying out to end the top of the eighth.

The sellout crowd of 48,517 didn’t have much to cheer about for seven innings, with the Rangers shutting down a Diamondbacks offense that scored 14 runs in the first two games of the series.

The Diamondbacks broke through in the eighth against the Rangers’ Aroldis Chapman. Pinch hitter Emmanuel Rivera hit an opposite-field double to lead off the inning, and Geraldo Perdomo singled in Rivera.

Mr. Chapman limited the damage to that single run. He struck out Corbin Carroll, then got Ketel Marte to hit into an inning-ending double play that started with a sliding stop from Mr. Seager at shortstop.

Mr. Marte extended his postseason hitting streak to 19 games, the longest such streak in postseason history. He had one of six Arizona hits.

Jose Leclerc pitched a 1-2-3 ninth inning to earn his fourth save of the postseason for the Rangers, who finished with five hits. — Reuters

Filipinas eye quick bounceback win against Iran today

FACEBOOK.COM/PILIPINASWNFT

Game Wednesday
(Perth Rectangular Stadium, Australia)
3:50 p.m. — Philippines vs Iran

THE FILIPINAS vowed to pick themselves up from a deflating 0-8 loss to powerhouse Australia Sunday and fight more furiously hereon to save their sagging Paris 2024 dreams.

The resilient Filipinas seek a quick bounceback victory today (Nov. 1) against Iran to keep themselves alive in the race for a ticket to the third round of the AFC Women’s Olympic Qualifying Tournament.

“Tough loss. But the hungry futboleras will come back in game 3,” a defiant co-skipper Hali Long said as the second-running Philippines transitions to the all-important Group A wind up against the No. 3 Iranians at 3:50 p.m. at the Perth Rectangular Stadium in Australia.

With the Matildas (six points and +10 goal difference) expected to beat Chinese Taipei (one point), top the group and qualify outright to the next round along with the winners of Groups B and C, the Pinay booters can now only aspire for the lone berth reserved for the “best runner-up” in Round 2.

No thanks to the eight-goal defeat, the Pinay booters sat at third among the second-ranked teams with three points on 1-0-1 win-draw-loss card and -5 goal difference. Group B’s North Korea (four points on one win and one draw) held the driver’s seat followed by Group C’s Vietnam (three points on 1-0-1 and +1 GD).

The Filipinas need to beat Iran big then pray it would be enough to eventually overtake North Korea and Vietnam after their last group games against Thailand and Japan, respectively.

The three group winners and the No. 1 among the second placers will advance to a pair of home-and-away matches in Round 3. The two victors will then move forward to Paris. — Olmin Leyba

TNT duels with Chiba Jets anew in Laguna for EASL

EAST ASIA SUPER LEAGUE

Game Wednesday
(Sta. Rosa Sports Complex, Laguna)
7 p.m. — TNT vs Chiba Jets

REVENGE and a breakthrough victory in the East Asia Super League (EASL) are foremost on the minds of TNT as it duels with Japan’s Chiba Jets tonight at the Sta. Rosa Sports Complex in Laguna.

The All-Saints’ Day showdown serves as the first EASL gig on Philippine soil and the Tropang Giga are poised to mark it by getting even with a Jets side that handed them a 75-93 defeat over in Japan last Oct. 11 and posting a first W in the regional league.

Unlike in that previous outing on the road, the Jojo Lastimosa-coached TNT goes into the 7 p.m. return match with a fuller-bodied team.

Calvin Oftana, who missed the first game while taking his post-Asian Games breather, was reactivated for the Laguna showdown as did trade acquisition Jewel Ponferada, whose papers weren’t completed in time for the initial showdown. Prolific import Rondae Hollis-Jefferson, who saw action in Japan with hardly a rest from his stint with Jordan in Hangzhou, also reports for duty with fresher legs this time.

He and fellow import Quincy Miller had likewise logged more practice time with TNT stalwarts led by Jayson Castro, Kelly Williams and vastly-improved Glen Khobuntin.

“We got two key players back practicing (since the first match in Messrs. Oftana and Jefferson) and we’re in better shape now,” said TNT assistant coach Sandy Arespacochaga, whose team ran out of gas in the Jets’ home court.

The Jets (2-0) come in full force for the Philippine swing with reinforcements Justyn Mutts and DJ Stephens and top gun Yuki Togashi as spearheads.

Mr. Togashi, who once played for the Dallas Mavericks in the NBA Summer League, was held to just two points during the game against TNT. He however, erupted for 38 points in the Jets’ 85-82 overtime win over the Taipei Fubon Braves last Oct. 18, including the game-winning trey and should be a marked man for TNT’s defenders. — Olmin Leyba

Triple Giga score first PBA 3×3 three-peat in Leg 3 of Season 3 Second Conference

TNT TRIPLE GIGA — PBA.PH

BACK-to-back-to-back.

TNT took the honors as the first team to win three consecutive legs in the PBA 3×3 after stamping its class in Leg 3 of the Season 3 Second Conference on Tuesday  at the Ayala Mall Fairview Terraces.

The Triple Giga, riding on Almond Vosotros’ four two-pointers, sealed the three-peat with a masterful 21-12 romp over finals rival Cavitex.

Mr. Vosotros finished with 12 points and joined hands with Chester Saldua (four markers and 11 rebounds), Ping Exciminiano (three points, five boards) and Gryann Mendoza (two points) in keeping the franchise’s winning tradition roaring.

The Triple Giga annexed their 16th leg win in the three-year-old league and banked P100,000 in a perfect advanced birthday gift to coach Mau Belen.

“It’s as sweet as it can be, winning this three-peat. It’s a first for the franchise and it’s a great honor to be a part of it,” said Mr. Saldua.

The Triple Giga broke free from a 6-6 tie with an 11-3 salvo that Mr. Vosotros started and capped with a booming deuce. It was a cruise from there as TNT reasserted its mastery of Cavitex, the same team it defeated in the golden battle in Leg 1, 18-16.

Despite falling short anew, Cavitex’ Marion Magat (six), Ken Ighalo (four), Tonino Gonzaga (one) and Bong Galanza (one) were successful in bouncing the Braves back from their disappointing seventh place standing last week.

TNT and Cavitex arranged a Last Dance after beating Pioneer, 21-18, and Meralco, 21-19, respectively, in the semis.

The Bolts’ Joseph Sedurifa, Jeff Manday, Reymar Caduyac and sub JJ Manlangit took third place worth P30,000 after prevailing over the Katibays, 21-16. — Olmin Leyba

Chery Tiggo rout Gerflor in straight sets

Games Thursday
(Sta. Rosa Sports Complex, Laguna)
2 p.m. — PLDT vs Nxled
4 p.m. — Choco Mucho vs Galeries Tower
6 p.m. — F2 vs Petro Gazz

CHERY Tiggo vented its ire on Gerflor with a quick, merciless victory on Tuesday to get back on track in the Premier Volleyball League All-Filipino Conference at the Filoil EcoOil Arena.

Eya Laure played fierce and unforgiving anew as she paced all scorers with 12 points including 11 on kills as the Crossovers registered their third win in four outings and solidified their perch in the magic four.

It also somehow soothed the pain from Chery Tiggo stinging 25-20, 18-25, 25-22, 25-20 heartbreaker to Akari last Oct. 24 in Antipolo City that sent the former’s two-game streak to a screeching halt.

The 24-year-old former University of Santo Tomas superstar said it all started from their serve on offense and reception on defense.

Ms. Laure also praised the second unit headed by Princess Robles, who chipped in nine hits, for stepping up big particularly in the third set when the Defenders pushed the Crossovers to the wall and almost snatched the same period.

The Chery Tiggo mentor, however, was a little bit disappointed with his team’s third-set performance.

“Anything can happen in the blink of an eye, we have to be aware of that,” said coach Aaron Velez.

The Defenders remained winless in four starts. — Joey Villar

Lionel Messi wins record eighth Ballon d’Or

PARIS — Argentina captain Lionel Messi won a record eighth Ballon d’Or for the best player in the world on Monday, beating Norway’s UEFA player of the year and treble winner Erling Haaland of Manchester City to the prestigious prize.

Inter Miami’s Mr. Messi, who last won the award in 2021, played a pivotal role in guiding Argentina to their first World Cup title in 36 years when they beat defending champions France in the final last year.

The 36-year-old is now three Ballons d’Or clear of rival Cristiano Ronaldo, who won the last of his five trophies in 2017. Mr. Messi has now finished among the top three a record 14 times in total, finishing runner-up on five occasions.

“I couldn’t imagine having the career that I’ve had. Everything that I’ve achieved. The fortune I’ve had playing for the best team in the world, the best team in history. It’s nice to win these individual trophies. To win the Copa America and then the World Cup, to get it done is amazing,” Mr. Messi said.

“All of them (Ballon d’Or awards) are special for different reasons,” he added.

“I’m happy to get that recognition that I’m getting thanks to what we have achieved with the national team,” Mr. Messi told Reuters.

“This (World Cup) title we had been aiming for so many years makes it even more special.”

Asked if he would carry on until the 2026 World Cup, Mr. Messi said: “I don’t think about it. I’ll enjoy (my career) day by day. There will first be the Copa America in the United States (in 2024). (The World Cup), I don’t think about it.”

Earlier, Mr. Messi’s World Cup-winning teammate Emiliano Martinez won the Lev Yashin award for the world’s best goalkeeper.

Spain’s Women’s World Cup winner and Barcelona midfielder Aitana Bonmati won the women’s Ballon d’Or. “It’s an individual trophy but it can’t exist without a team,” she told reporters. — Reuters

Bucks survive a scare

The Bucks clearly wanted to put the Heat away early yesterday, and not just because they knew the penchant of the 2023 National Basketball Association finalists for solid plays in the clutch. Having been on the wrong end of scores in the closing matches of the first round of the immediate past playoffs against the never-say-die red and black, they understood the value of creating separation before crunchtime. And, to their credit, they did, outscoring the visitors by double digits in each of the middle quarters to take a 24-point lead with them in the payoff period.

Unfortunately, the Bucks then eased up on the gas, resulting in the very nail biter they precisely wanted to avoid. Perhaps they got too comfortable, seeing as how the Heat went with reserves for the final 12 minutes. Although they didn’t veer from their regular rotation, they wound up being outhustled on both ends of the court, and to the point where their seemingly insurmountable advantage was down to single digits with four minutes and change still remaining on the clock. To argue that they went through a scare would be an understatement.

The Bucks did go on to win, effectively bouncing back from the blowout they suffered against the otherwise-hapless Hawks in their previous outing. The way they did so, however, left much to be desired; instead of taking a well-deserved rest, their starters had to scramble in the dying minutes to preserve the triumph. As top dog Giannis Antetokounmpo said in his post-mortem, “Once you’re up 20, you’ve got to put them away. We weren’t able to do that tonight. Hopefully, we can learn from this.”

The outcome is nonetheless a plus for the Bucks, who aim to improve as the season progresses in the face of significant changes to the roster. New acquisition Damian Lillard has been a boon save for a clunker against the Hawks. That said, there remains the a chasm between performance and potential. They’ll definitely get better when they meet the Heat again in four weeks. The extent of their improvement, however, depends on how well he gets his partnership with Antetokounmpo down pat in the interim.

 

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and human resources management, corporate communications, and business development.

Singapore’s $110,000-a-month mansion market grinds to halt

BLOOMBERG

SINGAPORE’s luxury housing deals are drying up as one of the nation’s largest-ever money laundering scandals weighs on the market.

High-end bungalow sales are set for their worst year in nearly a decade with just eight sold as of the end of September, according to data compiled by Knight Frank. Realstar Premier Group Pte. — an agency specializing in landed homes — says that for September, it sold fewer than half of the 10 properties it usually brokers a month.

The transaction drought follows money laundering investigations into a group of people of Chinese origin, significant tax hikes on foreign buyers and rising interest rates. Rental demand for mansions that once hit S$150,000 ($110,000) a month has also cooled as the wealthy think twice about flashy homes in the city-state.

“The recent anti-money laundering blitz by the Singapore police force has tainted the luxury property market,” said Lewis Cha, executive director for List Sotheby’s International Realty. “It will take a while for the dust to settle and the market to forget this negative image of luxury real estate.”

Knight Frank figures don’t include undisclosed deals, but the eight mansions sold compare with 20 last year. That’s a fraction of the 60 units transacted in 2021, representing an 80% drop from that year’s S$2.1 billion in sales. Figures that low have not been seen since 2014, when S$431 million worth of such assets were purchased.

Prices of landed homes dropped by 3.6% in the third quarter this year compared with the previous three months, when they rose 1.1%, according to government data.

Sellers, landlords and agents are turning cautious and employing more rigorous background checks — and in some cases have actively turned down deals from prospective clients.

The owner of a so-called good class bungalow rejected a potential tenant from China’s Fujian province despite the person’s offer to pay for five years of rent upfront on the S$100,000-a-month home, said a person familiar with the matter, asking not to be named discussing private information. Authorities have revealed that most of the suspects arrested in the money laundering case hail from Fujian.

While Singapore’s Council for Estate Agencies (CEA) advises against placing ads that are discriminatory or stereotyped in nature against any race or group and warns of disciplinary action against property agents who flout the guidelines, there are no laws specifically penalizing landlords for refusing rental on such grounds. The CEA did not respond to a request for comment.

Potential buyers are also “taking a wait-and-see attitude on how the market goes in terms of pricing and the full extent of the investigations and punishment to be meted out,” said Jennifer Chia, a partner at TSMP Law Corp. who heads the firm’s corporate real estate, banking and finance practices.

A reserve for the uber-rich, good class bungalows refer to mansions that have plot sizes of at least 1,400 square meters (15,100 square feet), often situated in the most exclusive neighborhoods. At least half of the 10 arrested took up such dwellings. Among them, Su Baolin stayed in a mansion at Nassim Road, an ultra-exclusive area that’s home to several embassies.

Another accused, Vang Shuiming, lived in a villa with a large rooftop pool and gym, located in a leafy enclave called Bishopsgate near Singapore’s premier shopping belt. Rental data released by the government shows he paid at least S$150,000 a month in November 2020 to live in the property, a record at the time.

After the laundering case, “it’s not easy to find anyone to spend over S$100,000 a month,” said Julian Yip, managing director at Realstar.

Interest rates, rising costs and tax hikes have also curbed buyer interest. Good class bungalows are generally restricted to local buyers — unless the government provides special approval — meaning foreigners often pay exorbitant rents for such property.

“With increased interest rates and uncertainty, buyers have become more circumspect,” said Leonard Tay, head of research at Knight Frank Singapore. “Overall price increases from 2020 have also made it more costly to acquire these luxury landed properties.” — Bloomberg

Canada bans WeChat, Kaspersky applications on government devices

PRAVEEN KUMAR NANDAGIRI-UNSPLASH

OTTAWA — Canada on Monday banned Chinese messaging application WeChat and Russian antivirus program Kaspersky on government-issued mobile devices due to privacy and security risks, but said government information had not been compromised.

The ban was announced after an assessment by Canada’s chief information officer that Tencent-owned WeChat and applications made by Moscow-based Kaspersky “present an unacceptable level of risk to privacy and security,” the Treasury Board of Canada, which oversees public administration, said in a statement.

Kaspersky said it was surprised and disappointed, and that the decision was made without warning or an opportunity for the firm to address the government’s concerns.

“As there has been no evidence or due process to otherwise justify these actions, they are highly unsupported and a response to the geopolitical climate rather than a comprehensive evaluation of the integrity of Kaspersky’s products and services,” the company said in a statement.

WeChat did not immediately respond to a request for comment.

The Treasury Board said it has no evidence that government information has been compromised, but the collection methods of the applications provide considerable access to a device’s contents, and risks of using them were “clear.”

“The decision to remove and block the WeChat and the Kaspersky applications was made to ensure that government of Canada networks and data remain secure and protected and are in line with the approach of our international partners,” the statement said.

The applications will be removed from government-issued mobile devices on Monday, and users will be blocked from downloading them in the future.

Canada in February banned TikTok, the short-video app owned by Chinese company Bytedance, from government-issued devices due to similar privacy and security concerns. — Reuters

Russia blames West for anti-Semitic riot at airport

RUSSIAN PRESIDENT VLADIMIR PUTIN — KREMLIN.RU-COMMONS.WIKIMEDIA.ORG

PRESIDENT Vladimir Putin accused the West and Ukraine of stirring up unrest inside Russia after rioters in the predominantly Muslim Dagestan region stormed an airport to “catch” Jewish passengers on a flight from Tel Aviv.

The United States condemned the events, which a State Department spokesperson said had “looked like a pogrom.”

Ukrainian presidential adviser Mykhailo Podolyak told Reuters that Kyiv had “nothing to do” with the violence, while a senior Russian Rabbi said there had to be a harsh response against those who took part.

Videos obtained by Reuters from the airport at Makhachkala, the regional capital of Dagestan, showed the rioters, mostly young men, waving Palestinian flags, breaking down glass doors and running through the airport on Sunday evening shouting “Allahu Akbar” or “God is Greatest.”

One group was seen trying to overturn a police patrol truck, while another video showed rioters on the tarmac surrounding a Red Wings aircraft which had arrived from Tel Aviv.

One placard brandished by rioters in an unverified social media post said: “There is no place for child killers in Dagestan.”

Another said: “We are against Jewish refugees.”

The unrest in Dagestan, where Russian security forces once fought an Islamist insurgency, is a headache for Mr. Putin, who is waging a war in Ukraine and is keen to maintain stability at home ahead of an expected presidential election next year.

Mr. Putin accused the West and Ukraine of helping whip up the unrest via social media, part of what he said was Washington’s agenda of creating global chaos to ensure its continued dominance and prevent rivals like Russia from taking their place in a new multipolar world.

Speaking at a meeting with security chiefs Mr. Putin said shadowy US-backed forces were trying to destabilize and split Russia’s multi-ethnic and multi-confessional society.

“For this purpose, they use a variety of means, as we can see — lies, provocations and sophisticated technologies of psychological and information aggression.

“The events in Makhachkala last night were inspired also through social networks, not least from the territory of Ukraine, by the hands of agents of Western special services.”

Maria Zakharova, a spokeswoman for the Russian foreign ministry, had earlier accused Ukraine of a “direct and key role” in preparing the “provocation”.

Ms. Zakharova referred to online resources linked to former Russian lawmaker Ilya Ponomaryov, who is based in Ukraine as a self-styled anti-Kremlin partisan. Mr. Ponomaryov said that he used to be an investor in a Telegram channel which had called on people to go to the airport but no longer had any connection to it.

The mob converged on the airport after the message on the channel, “Utro Dagestan”, urged Dagestanis to meet the “uninvited guests” in “adult fashion” and to get the plane and its passengers to turn around and fly somewhere else.

The channel, which was later banned by Telegram, did not use the word “Jew” but referred to the plane’s passengers as being “unclean.”

“We need to wait for them on the street outside the airport and catch them before they go their separate ways,” a message on the channel said.

BUS CHASE
Police said they had arrested 60 people in connection with the unrest.

Shmuel, 26, an Israeli citizen and one of the passengers, told Israeli publication Ynet that police had got passengers onto a bus which was chased around the airport by rioters.

“The bus kept turning around…and people were chasing it and throwing stones. I put my suitcase against the window,” he said.

At one point, he said the passengers had been questioned by locals about their religion.

“They came inside, went from person to person, and asked if they were a Muslim or a Jew. I said I was a Muslim, because I was scared to death. Fortunately, they believed me and continued on,” he said.

It was unclear in what circumstances that questioning took place with another passenger telling the Mediazona news website that a small group of locals had been shown the passengers’ documents in an airport building where the passengers were being held at the time.

Rabbi Alexander Boroda, the president of Russia’s Federation of Jewish Communities, called for a tough response.

In a statement, Mr. Boroda said that the riot had “undermined the basic foundations of our multi-cultural and multi-national state” and that anti-Israeli sentiment fuelled by events in the Middle East had become open aggression towards Russian Jews.

“Moreover, we see that local authorities were not prepared for such incidents and allowed large-scale violations of law and order and mass demonstrations with open threats to Jews and Israelis,” Mr. Boroda said.

“I call on the country’s leadership and law enforcement agencies to find and punish all the organisers and participants of these anti-Semitic actions in the strictest possible manner.”

Israel’s ambassador to Russia was cited by the RIA news agency as saying that no Israeli citizens had been hurt amid unconfirmed reports they had been taken to a military base before being flown out of the region.

Makhachkala airport resumed normal operations on Monday afternoon, Russia’s aviation authority said, but it announced that flights from Israel would temporarily be re-directed to other cities in Russia.

Israel raised its travel warning for Russia’s North Caucasus region, which includes Dagestan, to its highest level.

The unrest followed several other anti-Semitic incidents in recent days in the region in response to Israel’s war against Hamas militants in Gaza. Israel has urged Russian authorities to protect Israelis and Jews in their jurisdictions.

In the past few days, a Jewish centre under construction in Nalchik, the capital of the nearby Russian republic of Kabardino-Balkaria, was set on fire, emergency officials said.

Russia, which wants an immediate ceasefire in Gaza and backs a two-state solution, has tried to maintain contact with all sides in the Israel-Hamas conflict, but has angered Israeli authorities by inviting a Hamas delegation to Moscow. Israel’s foreign ministry summoned the Russian ambassador on Sunday. — Reuters

White House planning to share ransomware data with allies — source

PIXABAY

WASHINGTON — The White House is working to finalize as soon as Tuesday a new policy outlining how governments should respond to ransomware attacks, including sharing information on attackers and the accounts they use to collect ransoms, a senior administration official with knowledge of the matter said.

Ransomware is a type of cyberattack where hackers lock up a victim organization’s systems and demand ransom in exchange for unlocking it. It hits a range of industries every year, from schools and hospitals to critical infrastructure departments and the government. Analysts say ransomware attackers also increasingly steal sensitive data to extort victims.

The White House has long advised against paying ransoms and has been pushing other countries to make the same commitment.

During the third International Counter Ransomware Initiative, the administration will announce “significant” outcomes, including initiatives for sharing information on the ransomware attackers between counties.

“We’re committing to sharing bad wallets — wallets that are used to move illicit ransom funds — as well as a number of other related projects,” the official said.

Figuring out the scale of ransomware attacks can be tricky because many companies don’t report them. According to the data platform Statista, globally organizations detected 493.33 million ransomware attack attempts last year.

The criminals behind these hacks often used data from victims in one country to wage attacks on organizations in another country, which makes alliance across countries essential in fighting them, the official said.

A US-led alliance aimed at tackling these threats now includes 50 countries – from Nigeria and Costa Rice to Singapore and South Korea — said the official, adding that the Interpol and the European Union were also part of it.

That geographical breath reflects the US government belief that “we have to work to ensure that all the digital connectivity we rely on for our citizens is secure,” said the official. — Reuters