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Trending News:Trump memecoin team denies $300K dinner requirement rumorsBlackRock, five others account for 88% of all tokenized treasury issuanceCrypto firms launch Wall Street-style funds: Finance RedefinedAtkins SEC era sparks massive industry optimism, crypto execs speak outIf Trump fired Powell, what would happen to crypto?Nigerian court green lights arrest for six CBEX promoters — ReportSwiss National Bank chief dismisses Bitcoin reserve callsM&S suspends all online sales as cyber attack worsensCointelegraph Bitcoin & Ethereum Blockchain NewsUK MoJ crime prediction algorithms raise serious concernsEthical finance must guide crypto’s evolutionBitcoin spikes to 7-week highs as analyst doubts chances of $100K reboundNous Research secures $50M from Paradigm to build decentralized AI on SolanaUS banks are ‘free to begin supporting Bitcoin’ — Michael SaylorRussian crypto exchanger Mosca raided amid cash-to-crypto ban talksCircle executive denies claims of seeking US banking licenseChina may shift from US Treasurys toward gold, crypto — BlackRock execSUI’s 73% weekly price gains top crypto market — New price record in reach?5 Bitcoin charts predicting BTC price rally toward $100K by MayBehold the Social Security Administration’s AI Training VideoDeFi must ditch hype for sustainable liquidityThe sentiment engine of Bitcoin ETFs is rewiring market structureOpenSea regains NFT market lead as rivals fall behind in user activityAn Ethereum Story’ is less about crypto and more about being humanArkansas city rejects crypto mining proposal after community pushbackUS Senator McCormick is Bitcoin’s Biggest Investor in CongressSaylor holding 10M BTC won’t ‘threaten the protocol,’ says authorCase study: UTB completes £11.4m hybrid facility on luxury apartment scheme in HoveNorth Korean hackers set up 3 shell companies to scam crypto devsSEC bids to drop securities suit against Dragonchain over crypto ICOEthereum devs test a 4x increase in gas limit for Fusaka hard forkBitcoin is holding above $90K, so why is ‘greed’ sentiment slipping?New Hampshire Bitcoin reserve bill heads to full Senate voteSlovenia’s capital of Ljubljana ranked as world’s most crypto-friendly cityARK Invest ups its 2030 Bitcoin bull case prediction to $2.4MBlockchain could be headed for ‘ChatGPT moment’ in adoption: CitigroupTether boosts Juventus stake to 10% in latest strategic buyCrypto startups no longer welcome in Nvidia’s accelerator programEx-SEC chair, now heading SDNY, offers rebuke in $12M crypto fraud caseEthereum’s L2 approach equals many high-throughput chains — Avail execAvalanche-powered Axiym bets on money services businessesFederal Reserve withdraws crypto guidance for banksItalian town to unveil locally financed Satoshi Nakamoto monumentSEC delays decision on Polkadot ETFWhite House receives over 10,000 comments on AI development planWas $1.4K Ethereum’s ‘generational bottom?’ — Data sends mixed signalsSecuritize, Mantle launch institutional crypto fundBitcoin long-term holders get $26B boost as BTC price recovers from ‘fairly normal’ 30% correctionEthereum sees record single-day inflow with 449K ETH in accumulation addressesAngels from Citadel, Jane Street, JPMorgan back $20M raise for Theo networkSEC task force met with Trump-supporting firms to discuss crypto regulationBinance rolls out Fund Accounts for asset managers, bridging crypto-TradFi gapBitcoin rebounds as bulls eye $100K and bears scramble to cover short positionsChicago Mercantile Exchange (CME) Group to launch XRP futuresThe hidden risk of updatable firmwareMotorola’s Latest Razr Phones Are All In on AIBitcoin supply on exchanges is falling ‘due to public company purchases’ — FidelityBitcoin ‘short squeeze’ or $87K dip next? BTC price predictions varyVMware patches put spotlight on supportHow to set up and use AI-powered crypto trading botsM&S systems remain offline days after cyber incidentHow crypto payments can become the new ‘tap-and-go’ — Pulsar co-founderData breach class action costs mount upSerbia’s Prince Filip says Bitcoin is being stifled, expects huge rallyHelium partners with AT&T to bring WiFi to thousands of US locationsChallenges persist as UK’s Cyber Security and Resilience Bill moves forwardMetaplanet, HK Asia lead chargeApple adds official Vision Pro support to Godot game engineBitcoin’s next big resistance is $95K— What will trigger the breakout?Podcast: RSA 2025 to grapple with AI compliance, US and EU regulationBitcoin exchange outflows mimic 2023 as whales buy retail ‘panic’Trump fought the bond market, the bond market won: Saifedean AmmousUpbit and Bithumb suspend Synthetix token deposits, citing sUSD risksShaquille O’Neal reaches settlement in FTX lawsuit, terms remain secretStrike CEO to Lead New Tether, SoftBank-Backed Bitcoin-Centric VentureInterview: Daniele Tonella, CTO, INGRussia’s central bank, finance ministry to launch crypto exchangeCointelegraph Bitcoin & Ethereum Blockchain NewsDeFi platform KiloEx to compensate users impacted by $7.5M hackRevolut doubles profits to $1.3B on user growth, crypto trading boomMarch ransomware slowdown probably a red herringUS prosecutors file over 200 victim statements in Celsius ex-CEO’s caseBlackRock Bitcoin fund wins best new ETF on $643M inflow dayProsecutors seek over 6 years prison for Mango Markets exploiterZKsync recovers $5M of stolen tokens after hacker accepts bounty offerCrypto exchange KuCoin enters crowded Thailand marketBitcoin is the ‘cleanest shirt in the dirty laundry’ — Bitfinex‘I’m sick’ — Scammers use AI, fake ID of crypto influencer to steal $4MCrypto users cool with AI dabbling with their portfolios: SurveyLAPD recovers $2.7M worth of Bitcoin miners stolen in airport heistRussian Energy Ministry May Ban Crypto Mining in Three More RegionsForget bull or bear — Bitcoin’s in a new era, says onchain analyst James CheckStrike’s Mallers to head firm seeking superior Bitcoin play to MSTRTraders pour into leveraged ETFs, gold in bid to weather volatility — BloombergUS President’s planned dinner for TRUMP memecoin holders triggers 52% price surge — Will it last?‘You Can’t Lick a Badger Twice’: Google Failures Highlight a Fundamental AI FlawAmericans lost $9.3B to crypto fraud in 2024 — FBISovereign wealth funds piling into BTC as retail exits — Coinbase execSOL Strategies raises $500M in convertible notes issuance to buy Solana tokensBretton Woods institutions must reorient, US Treasury secretary says
The Russia-based, financially motivated Qilin ransomware gang is likely behind a developing cyber attack at health service laboratory partner Synnovis, which is disrupting primary care functions across South London and has forced the NHS to declare a critical incident.
The attack, first detected on Monday 3 June, has affected a number of NHS trusts, most prominently Guy’s and St Thomas’ NHS Foundation Trust (including the Royal Brompton and Evelina hospitals) and King’s College NHS Foundation Trust, but also the South London and Maudsley NHS Foundation Trust and Oxleas NHS Foundation Trust, along with GP surgeries, clinics and services in Bexley, Bromley, Greenwich, Lambeth, Lewisham and Southwark, all of which rely on Synnovis services.
Martin said the gang was likely just looking for a quick payoff and probably did not expect to cause such intense disruption when it attacked Synnovis. He said it was unlikely the gang would receive any money thanks to the UK government’s policy of not allowing public sector organisations to pay ransoms, although he noted that Synnovis, as a private sector organisation, is not under such restrictions.
One patient scheduled to undergo heart surgery this week told the BBC he learned of the cancellation of his operation at the last minute, when the surgeon due to carry out the procedure told him there was an issue with the blood bank.
Mark Dollar, CEO of Synnovis, which was established as a joint venture between Germany-based laboratory diagnostics services specialist Synlab and the involved NHS trusts, apologised for the disruption.
“We are incredibly sorry for the inconvenience and upset this is causing to patients, service users and anyone else affected. We are doing our best to minimise the impact and will stay in touch with local NHS services to keep people up to date with developments,” said Dollar.
He confirmed that Synnovis was indeed dealing with a ransomware attack, but said it was still early days and the organisation was still working to establish the facts of the incident.
This is a harsh reminder that this sort of attack can happen to anyone at any time and that, dispiritingly, the individuals behind it have no scruples about who their actions might affect Mark Dollar, Synnovis
“A taskforce of IT experts from Synnovis and the NHS is working to fully assess the impact this has had, and to take the appropriate action needed. We are working closely with NHS trust partners to minimise the impact on patients and other service users… Regrettably, this is affecting patients, with some activity already cancelled or redirected to other providers as urgent work is prioritised,” he said.
“We take cyber security very seriously at Synnovis and have invested heavily in ensuring our IT arrangements are as safe as they possibly can be. This is a harsh reminder that this sort of attack can happen to anyone at any time and that, dispiritingly, the individuals behind it have no scruples about who their actions might affect,” said Dollar.
A spokesperson for NHS England – London Region, said: “On Monday 3 June, Synnovis, a provider of lab services, was the victim of a ransomware cyber attack.
“This is having a significant impact on the delivery of services at Guy’s and St Thomas’, King’s College Hospital NHS Foundation Trusts and primary care services in south-east London and we apologise for the inconvenience this is causing to patients and their families.
“Emergency care continues to be available, so patients should access services in the normal way by dialling 999 in an emergency and otherwise using 111, and patients should continue to attend appointments unless they are told otherwise. We will continue to provide updates for local patients and the public about the impact on services and how they can continue to get the care they need.”
The incident has been reported to law enforcement and the Information Commissioner’s Office (ICO), and those involved are receiving support from the NCSC.
Healthcare increasingly attacked
Although it is yet to be established whether or not the victimisation of Synnovis was opportunistic or targeted, the healthcare sector is one of the most frequently attacked by ransomware gangs.
Indeed, according to Blackfog’s most recent monthly ransomware report – covering May 2024 – it is now the “most” attacked, with 57 known incidents during the period, up 30% in the space of just a few weeks.
Healthcare systems around the world – not just the NHS – are particularly vulnerable to such attacks for a number of reasons: they hold huge amounts of highly sensitive and valuable data; often rely on legacy technology, a particularly acute problem for many NHS trusts; are highly exposed to the risk of compromise through third-party suppliers as has happened here; and because they are focused primarily, and rightly, on patient care, may neglect security awareness training for clinical staff.
A not insignificant factor in the volume of attacks is the fact that American healthcare systems, which are run by private enterprises for profit and not by the state, have no legal restrictions on paying ransoms and may be more motivated to do so to avoid disruption.
Growing threat from Qilin
Named for a legendary Chinese chimera, the Qilin crew was first observed in 2022, but in recent months, has been expanding into gaps left by the disruption of operations such as LockBit and ALPHV/BlackCat.
According to Comparitech, the gang was responsible for eight confirmed attacks in 2023, and so far this year it has claimed over 30.
The ransomware-as-a-service operation uses the now standard double extortion tactic to pressurise its victims. Its ransomware locker uses the cross-platform coding languages Rust and Golang, and spreads mostly through phishing emails, although it has also been known to use exposed applications and interfaces, including remote desktop protocol and Citrix.
Earlier in 2024, it attacked the systems of UK-based publisher and social enterprise The Big Issue, stealing over 500GB of personnel and partner information, contracts, and financial and investment data.
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