Ransomware attack shuts thousands of school websites globally

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San Francisco, Jan 8 | In a serious ransomware attack, hackers have hit an education technology company, Finalsite, shutting down thousands of school websites and nearly 5,000 alone in the US.

Finalsite provides school districts with website design, hosting and content management solutions.

In a statement, the company said that they continue to restore more websites and core functionality every hour.

“We remain committed to restoration, as quickly and safely as possible. Our team is actively monitoring performance and security across our infrastructure, and we will continue to work through the night and weekend until every site is back online,” the company said on Friday.

Earlier this week, at least 8,000 schools globally, hosted by Finalsite, discovered that they were no longer accessible or displayed errors.

“Our team identified the presence of ransomware on certain systems in our environment,” the company said.

“We immediately took steps to secure our systems and to contain the activity. We quickly launched an investigation into the event with the assistance of third-party forensic specialists, and began proactively taking certain systems offline,” it added.

A company spokesperson told TechCrunch that 5,000 of its total 8,000 global customers — including school districts in Kansas City, Illinois and Missouri — are affected by the incident.

One Reddit user said the incident also prevented some schools from sending email notifications about school closures due to Covid-19 outbreaks.

“Our team continues to make progress restoring functionality to websites,” said the company.

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.

 

Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.

In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.

Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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