Have You Never Looked Into Travel?

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As a result, despite any verification of current facts, ratings and forecasts can be affected by future events or conditions that were not anticipated at the time a rating or forecast was issued or affirmed. The information in this report is provided "as is" without any representation or warranty of any kind, and Fitch does not represent or warrant that the report or any of its contents will meet any of the requirements of a recipient of the report. A Fitch rating is an opinion as to the creditworthiness of a security. This opinion and reports made by Fitch are based on established criteria and methodologies that Fitch is continuously evaluating and updating. Therefore, ratings and reports are the collective work product of Fitch and no individual, or group of individuals, is solely responsible for a rating or a report. The rating does not address the risk of loss due to risks other than credit risk, unless such risk is specifically mentioned. Fitch is not engaged in the offer or sale of any security. All Fitch reports have shared authorship. Individuals identified in a Fitch report were involved in, but are not solely responsible for, the opinions stated therein. The individuals are named for contact purposes only. A report providing a Fitch rating is neither a prospectus nor a substitute for the information assembled, verified and presented to investors by the issuer and its agents in connection with the sale of the securities. Ratings may be changed or withdrawn at any time for any reason in the sole discretion of Fitch. Fitch does not provide investment advice of any sort. Ratings are not a recommendation to buy, sell, or hold any security. Ratings do not comment on the adequacy of market price, the suitability of any security for a particular investor, or the tax-exempt nature or taxability of payments made in respect to any security. Fitch receives fees from issuers, insurers, guarantors, other obligors, and underwriters for rating securities. Such fees generally vary from US$1,000 to US$750,000 (or the applicable currency equivalent) per issue.

https://www.fitchratings.com/research/banks/asset-quality-main-threat-to-uae-banks-viability-ratings-18-02-2021

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We apologize for any inconvenience to our customers and are working to resolve the issue and restore normal business operations as quickly as possible. On February 16, however, a user tweeted out that they had attempted to pick up their car from one of the 800 dealerships operated by Kia Motors when a manager informed them that they couldn’t drive their car off the lot that day because a ransomware attack had knocked some of Kia’s computer systems offline: The following day , Bleeping Computer received what appeared to be a ransom note from the DoppelPaymer ransomware group indicating that the gang had successfully attacked Hyundai Motor America, Kia’s parent company. In their ransom message, the attackers asserted that they had stolen a “huge amount” of data from Kia Motors America and that they would release the data in 2-3 weeks unless the automobile dealer agreed to pay 404 BTC (worth more than $20 million at the time of reporting).  The nefarious individuals went on to say that they would raise the ransom demand to 600 BTC (a sum of more than $31 million) in the event that the company didn’t pay on time. Notwithstanding that message, Kia Motors America told Bleeping Computer in a statement that it had found no evidence of a ransomware attack having affected its systems: Kia Motors America, Inc. (“Kia”) is currently experiencing an extended systems outage. Affected systems include the Kia Owners Portal, UVO Mobile Apps, and the Consumer Affairs Web portal. We apologize for any inconvenience to affected customers, and are working to resolve the issue as quickly as possible with minimal interruption to our business. We are also aware of online speculation that Kia is subject to a “ransomware” attack. At this time, we can confirm that we have no evidence that Kia or any Kia data is subject to a “ransomware” attack. The computer self-help website later learned that the outages had affected Hyundai Motors America including its internal dealer site, hyundaidealer.com, among some of its other systems. Even so, Hyundai Motors America also told Bleeping Computer that there was “no evidence of Hyundai Motor America’s involvement in a ‘ransomware’ attack.” The Need for Transparency in the Face of Ransomware Sam Curry, chief security officer at Cybereason, put the potential impact of the reported attack and the outage affecting Kia Motors America into perspective: “The devastating ransomware attack that has taken Kia Motors’ operations down to its knees is just the latest example of a financial cybercrime being perpetrated against a large company,” Curry said. “Every minute that their operations are incapacitated costs companies millions of dollars in lost business.” In response to a security incident like a ransomware attack, some companies might be inclined to draw inward and to not offer many details to the public. They might think that they’re protecting their reputation from additional damage in doing so. But they’re actually leaving countless other organizations vulnerable to the same threat actors, according to Curry. “It cannot be understated how important it is for companies like Kia to be open and transparent about the specific facts surrounding a cyberattack,” Curry explained. “Our industry can then quickly dissect the nature of the attack and prevent this type of system intrusion from happening to other companies. This cat-and-mouse game will only continue until we can preemptively deploy solutions that can stop it cold.” Not all solutions provide adequate levels of defense, however.

https://securityboulevard.com/2021/02/kia-motors-america-ransomware-not-behind-extended-systems-outage-2/