Europol warns on Daesh cyber threat

Daesh fighters pictured in Iraq in 2014. (Supplied)
Updated 18 September 2018
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Europol warns on Daesh cyber threat

  • Daesh said to be seeking malware on 'dark web'
  • Extremist groups also experimenting with digital currencies

LONDON: Daesh followers could be seeking cyber-attack tools from the so-called ‘digital underground,’ according to a new report from Europol.
With Daesh forces having lost most of their territorial strongholds in the Middle East since 2016, the terror organization has increasingly retreated to the web to continue its campaign.
The annual report published on Tuesday looks at current and anticipated threats in cybercrime across the globe, and comes just as the Syrian war seems to be entering its final stage with the last militant rebel fighters holding up in the province of Idlib.
Daesh had already become well-known for using encrypted messaging apps and the ‘dark web’- an area of the Internet not accessible to search engines — to promote itself and recruit new members to its organization.
Europe’s law enforcement agency’s report now suggests that Daesh may also considering the use of cyber-attacks and using the ‘dark web’ to buy illicit malware.
“There has been much concern and speculation over the past few years that terrorists could turn to launching cyber-attacks against critical infrastructure,” the report said.
Daesh-affiliated groups have only managed to carry out a handful of “low-level” cyberattacks in the last year, the report found, including the hacking of a Swedish radio station last year when the attacker managed to play out an IS song on air, the report said.
In March this year, Daesh supporters also attempted to set up an alternative to the social networking platform Facebook, called the “Muslim’s Network.”
While concerns are growing, Europol said the organization’s current cyber-crime abilities remain in their “infancy.”
Daesh is also far more likely to buy cyber-attack tools that use malware or ransomware technology, rather than develop their own tools yet, the report found. 

“While IS sympathizers have demonstrated their willingness to buy cyber-attack tools and services from the digital underground, their own internal capability appears limited,” the report read.
“While terrorist actors are aggregating open- source tools, they have yet to develop their own,” it added.
Extremist networks have also experimented with cryptocurrencies as a means of moving funds across borders, the report said.
Europol highlighted IS-affiliated websites calling for donations of the virtual currency Bitcoin last November.
As yet, no on-the-ground attack carried out in Europe has been funded with virtual currency, the report found, with financing still mainly coming from the conventional banking system and money remittance services.
The report recommended that efforts must be made to disrupt Daesh’s online propaganda in order to hinder the group’s “access to human expertise, funding and cyber tools.”
In July, a survey of academics specializing in cyberterrorism found that just over two-thirds of respondents thought cyberterrorism constituted a “significant threat.”
However, Stuart Macdonald, professor of law at Swansea University and author of the Cyberterrorism Project report told Arab News that there were differences surrounding the definition of cyberterrorism.
Cyberterrorism could potentially covering an attack that resulted in killing a huge number of people or it could just involve shutting down a website for a few hours, he said.
“But overall most agree that vulnerabilities exist in critical infrastructure. Where opinions tend to differ is whether terrorists have the capability to perpetrate acts of cyberterrorism and are motivated to commit acts of cyberterrorism as opposed to more traditional forms of physical attack.
“Some researchers believe that terrorists are likely to prefer traditional physical attacks, as these are more headline-grabbing and generally less expensive,” he said. Still, not all threats are associated with terror groups. Andrew Silke, professor of terrorism, risk and resilience at Cranfield University, said: "Today the major threat of cyber attacks comes from foreign governments, not terrorist groups and their sympathisers. Governments can control and commit the resources and knowledge needed  to carry out truly serious cyber attacks. "When thinking about security then, nations are already thinking in terms of what can be done to counter attacks orchestrated by a rival government. If your security and resilience is good enough to meet that type of threat, it will also be good enough to meet the threats posed by terrorists."

 

 


Middle East tensions prompt Gulf aluminum producers to temporarily stockpile output

Updated 24 sec ago
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Middle East tensions prompt Gulf aluminum producers to temporarily stockpile output

DAMMAM: Gulf aluminum companies are maintaining normal production levels despite escalating geopolitical tensions in the region but have temporarily begun stockpiling part of their output in anticipation of export challenges and rising logistics costs.

These volumes will be released back into the market once visibility improves and conditions stabilize, Mahmoud Al-Dailami, secretary general of the Gulf Aluminium Council, told Al-Eqtisadiah.

Al-Dailami said the current challenges are not related to the operational capacity of Gulf smelters, but rather to securing supply chains for raw materials, as several producers rely on imported inputs.

He noted that tensions in key maritime corridors, particularly the Strait of Hormuz, could lead to noticeable shortages of raw materials due to navigation difficulties, in addition to higher freight rates and insurance premiums.

He pointed out that Gulf aluminum producers manufacture an average of about 17,800 metric tonnes per day, totaling roughly 6.5 million tonnes annually. This, he added, represents around 10 percent of global production of approximately 64 million tonnes.

About 3.8 million tonnes, more than 60 percent of total output, are exported annually to markets in Asia, Europe and the US, making smooth maritime trade flows critical to the sector’s performance, he said.

Aluminum prices rose slightly after US President Donald Trump indicated that the military campaign against Iran could last for weeks, increasing the risk of deeper disruptions to Middle Eastern metal exports.

Aluminum climbed as much as 1 percent before easing to trade at $3,196.50 per tonne by 10:00 a.m. Shanghai time, after gaining 1.7 percent on Monday.

Raw material inventories sufficient for months

Al-Dailami added that some Gulf smelters hold raw material inventories sufficient for the coming months, while companies operating in Saudi Arabia enjoy greater flexibility thanks to the availability of domestic inputs and adequate stockpiles that support production continuity.

He added that the Saudi companies also have the option to export via Red Sea ports, away from current tension zones.

The Middle East accounts for 9 percent of global aluminum production and nearly one-fifth of global output excluding China.

The loss of a full month of production, combined with rising energy costs in Europe, could push prices to $3,600 per tonne, according to Goldman Sachs Group. However, the bank’s base case remains for aluminum to average $3,150 per tonne in the first half of the year.

Too early to assess full impact

Al-Dailami said that if current conditions persist, the sector could face pressures, including raw material shortages and higher shipping and insurance costs.

He noted that if the current situation persists, the sector could face pressures in the form of raw material shortages and higher shipping and insurance costs, stressing that the picture remains incomplete and that assessing future performance depends on developments in the coming weeks.

He considered the current stockpiling decision a short-term risk management tool to ensure the stability of production and commercial operations.

There are already signs that the situation in Iran is shaking the aluminum sector. Emirates Global Aluminium, the UAE’s largest producer, acknowledged delays in exports and said it may draw from inventories held outside the region to meet customer demand.

Rio Tinto Group withdrew an initial second-quarter supply offer to Japanese customers, as hostilities threaten to lift regional premiums.

Other metals on the London Metal Exchange also rose in early Tuesday trading, with copper gaining 0.2 percent to $13,196 per tonne, while zinc rose 0.1 percent to $3,321 per tonne.