Microsoft

Microsoft warns of destructive disk wiper targeting Ukraine

EnlargeGetty Images reader comments 263 with 73 posters participating Share this story Share on Facebook Share on Twitter Share on Reddit Over the past few months, geopolitical tensions have escalated as Russia amassed tens of thousands of troops along Ukraine’s border and made subtle but far-reaching threats if Ukraine and NATO don’t agree to Kremlin…

Microsoft warns of destructive disk wiper targeting Ukraine
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263 with 73 posters participating

Over the past few months, geopolitical tensions have escalated as Russia amassed tens of thousands of troops along Ukraine’s border and made subtle but far-reaching threats if Ukraine and NATO don’t agree to Kremlin demands.

Now, a similar dispute is playing out in cyber arenas, as unknown hackers late last week defaced scores of Ukrainian government websites and left a cryptic warning to Ukrainian citizens who attempted to receive services.

Be afraid and expect the worst

“All data on the computer is being destroyed, it is impossible to recover it,” said a message, written in Ukrainian, Russian, and Polish, that appeared late last week on at least some of the infected systems. “All information about you has become public, be afraid and expect the worst.”

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Around the same time, Microsoft wrote in a post over the weekend, “destructive” malware with the ability to permanently destroy computers and all data stored on them began appearing on the networks at dozens of government, nonprofit, and information technology organizations, all based in Ukraine. The malware—which Microsoft is calling Whispergate—masquerades as ransomware and demands $10,000 in bitcoin for data to be restored.

But Whispergate lacks the means to distribute decryption keys and provide technical support to victims, traits that are found in virtually all working ransomware deployed in the wild. It also overwrites the master boot record—a part of the hard drive that starts the operating system during bootup.

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“Overwriting the MBR is atypical for cybercriminal ransomware,” members of the Microsoft Threat Intelligence Center wrote in Saturday’s post. “In reality, the ransomware note is a ruse and that the malware destructs MBR and the contents of the files it targets. There are

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Microsoft

Metaplanet Exceeds 1,000 Bitcoin Holdings After Latest Purchase

TLDR Metaplanet purchased 156 additional BTC, bringing total holdings above 1,000 BTC Company stock rose 6.06% following the announcement Metaplanet achieved 116% Bitcoin yield in October 2023 Company raised 10 billion Yen through Stock Acquisition Rights Microsoft considering Bitcoin investment, subject to shareholder approval Metaplanet, Asia’s largest corporate Bitcoin holder…

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Goldman says the party’s over, Tesla stock soars, and Microsoft’s Bitcoin bet: Markets news roundup

The era of double-digit growth in the stock market may be coming to an end.Read more…

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Microsoft

Michael Saylor says Microsoft can make “next trillion dollars” by investing in Bitcoin

Key Takeaways Microsoft shareholders to vote on Bitcoin proposal as Michael Saylor pitches trillion-dollar opportunity. Microsoft board pushes back on Bitcoin investment proposal, urging shareholders to vote against it Share this article Michael Saylor, CEO of MicroStrategy, earlier today directed a post on X to Microsoft CEO Satya Nadella, suggesting that if Microsoft wants to

Key Takeaways

  • Microsoft shareholders to vote on Bitcoin proposal as Michael Saylor pitches trillion-dollar opportunity.
  • Microsoft board pushes back on Bitcoin investment proposal, urging shareholders to vote against it

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Michael Saylor, CEO of MicroStrategy, earlier today directed a post on X to Microsoft CEO Satya Nadella, suggesting that if Microsoft wants to add another trillion dollars in value for its shareholders, it should consider adding Bitcoin to its treasury.

Saylor’s comment follows Microsoft’s latest SEC filing, which outlines a shareholder proposal titled “Assessment of Investing in Bitcoin” set to be voted on during the company’s annual meeting in December.

Building on recent performance, MicroStrategy’s Bitcoin-heavy portfolio has led its stock to outperform Microsoft’s by 313% this year, despite the company’s relatively smaller scale in the tech industry.

Microsoft acknowledged this in their report, noting the significant gains some companies have made by holding Bitcoin.

Although they acknowledge Bitcoin’s recent outperformance, Microsoft’s board has advocated that shareholders vote against this proposal.

Microsoft voting form advising against Bitcoin proposal

In the filing, the board stated that conducting a Bitcoin investment assessment was unnecessary, emphasizing that Microsoft’s management “already carefully considers this topic.”

The board emphasized that Microsoft’s Global Treasury and Investment Services team regularly evaluates diverse assets, focusing on maintaining liquidity and minimizing economic risk while ensuring long-term shareholder gains.

While Microsoft acknowledges that Bitcoin has been considered in past assessments, its portfolio is currently dominated by US government securities and corporate bonds—a strategy aimed at stability and steady returns.

Microsoft’s caution aligns with the volatility associated with Bitcoin, a point they highlighted in the filing. They noted that assets for corporate treasury applications should be predictable and stable to support operations effectively.

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Microsoft-owned social media for suits site gets €310M fine, told to get compliant When LinkedIn asked its European users for their personal data, it did not receive “informed” nor “freely given” consent for the business to ship it off to third parties for generating targeted advertising…

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