Connect with us

Current

Decryption tool supply after HSE cyberattack likely gang ‘PR move’

Voice Of EU

Published

on

The cybercriminals who hacked Ireland’s health service IT system over a month ago likely handed over a decryption key as a “public relations move”, according to the head of the UK’s national cybersecurity centre.

In a speech at the Institute of International and European Affairs (IIEA) in Dublin on Friday, Lindy Cameron will say the Conti ransomware group, which has claimed responsibility for the cyberattack on May 14th, made available the software tool for free in an attempt to “lessen criticism”.

The tool was verified as functional and genuine but Irish officials said the software was “flawed”. There were also concerns the software supplied by the Russian-speaking criminals could contain “backdoors” which may allow for further attacks.

Ms Cameron will also praise the Irish decision not to pay the hackers the $20 million (€16.7million) ransom they demanded, adding the Government “quite rightly” made clear that the ransomware attack “crossed a line”, even by criminal standards.

Criminal model

“Cybercriminals are out to make money; the more times a method is successful, the more times it will be used. It’s important that we do all we can to ensure this is not a criminal model that yields returns.”

Furthermore, the “strong action” taken by the Government will likely deter ransomware operators from further attacks on health sector organisations in Ireland and elsewhere in the future, she says.

Ms Cameron also emphasises the importance of Irish-UK co-operation in countering threats to cybersecurity. In particular, she will discuss how infrastructure shared between the Republic and Northern Ireland, such as the rail link between Belfast and Dublin, are attractive targets for cybercriminals.

She identifies China, Russia, North Korea and Iran as four “hostile state actors” that have been a constant presence in recent years, and collective action must be taken by international partners to develop foreign security priorities.

Meanwhile, Tusla’s National Child Care Information System was activated on Wednesday night in what the agency said was a “major step” in the recovery from the recent cyberattack on IT systems in the health service.

Childcare data

More than 90 per cent of the child and family agency’s IT systems are hosted by or dependent on the Health Service Executive network.

The service rebooted in test mode its childcare information system, which holds in one place highly sensitive information on child protection and welfare cases from all 17 of the State’s social work areas.

In a statement on Thursday, Tusla said that the move marked a “major improvement” and required enormous effort from its staff and partners. It is anticipated that full restoration of the “critical system” will be achieved in the coming days.

Chief executive of the agency Bernard Gloster said the database was “badly damaged” in the cyberattack on the HSE IT systems over a month ago.

“It took enormous skill, hours and dedication from many to restore it,” he said, noting there was still a long way to go.

He reminded the public that Tusla was still taking referrals by phone, as the agency’s email system continues to experience some issues.


Source link

Current

Maurice Investments sell London office building for €30.3m (GB)

Voice Of EU

Published

on

Allsop, acting jointly alongside Anton Page, has completed the sale of the freehold of a Grade A workspace in Aldgate, central London, on behalf of Maurice Investments for €30.3m (£26m). Acquired by Meadow Partners, the price is equivalent to approximately €1120 (£960) per ft² and a net initial yield of 5%.

 

Wool + Tailor, 10-12 Alie Street E1, comprises 27,158ft² of Grade A office and ancillary accommodation over nine floors. It is within a three-minute walk of Aldgate station and a 15-minute walk of six further train and underground stations, including Whitechapel which is on the newly opened Elizabeth line, and is multi-let to five tenants. Maurice Investments had initially acquired the building in an off-market deal advised by Allsop, which also went on to conclude a successful leasing campaign alongside Anton Page.

 

Wool + Tailor was redeveloped in 2019 to include two additional floors and a new façade, with BREEAM “very good” and EPC A and B ratings. It features an eco-friendly biodiverse roof, cycle racks to accommodate up to 36 bikes, and a WiredScore Gold certification with fibre optic internet. Wool + Tailor further benefits from outstanding natural light throughout, which is enhanced by floor-to-ceiling heights of up to 3.3 metres, and a 7th floor communal business lounge with dual aspect terraces offering panoramic views of the City and beyond.

 

Matthew Millman, Partner at Allsop, said: “The sale of Wool + Tailor concludes a highly successful business plan for our client where we advised on the off-market acquisition, letting, then disposal of what has become one of the finest buildings in Aldgate. Wool + Tailor satisfies the requirements of the modern investor and occupier for ‘best in class’ office space with strong ESG credentials, excellent connectivity and plentiful nearby cafes, bars and restaurants.”

Source link

Continue Reading

Current

AnaCap secures €59m loan for Paris office deal (FR)

Voice Of EU

Published

on

Tristan Capital Partners’ TIPS One “Income Plus” Real Estate Debt Fund has provided senior debt financing to funds advised by AnaCap Financial Partners, to support the €59.25m acquisition of South Station, a freehold office asset located in Massy, in the second ring of Paris. South Station is a high-quality property ideally located in Massy – the largest economic centre in the Southern Paris area – and is adjacent to the town’s main transport stations (RER and TGV). The asset is one of the most attractive buildings in the submarket offering modern A-grade office space with excellent amenities.

 

The sale and partial leaseback acquisition will see the vendor CGG, a geophysics specialist, remain as the majority tenant. Pramena Investment will act as the asset manager for the property.

 

Ashil Sodha, Director, Debt Investment at Tristan Capital Partners, said: “As TIPS One continues to diversify, we are pleased to have closed our first loan in France. We are focused on lending on high-quality assets with the right ESG characteristics and we believe this loan exemplifies this strategy well. We look forward to working alongside AnaCap and Pramena and supporting them in optimising their strategy for this asset.”

Source link

Continue Reading

Current

Barratt and David Wilson invest €45.5m in UK resi market

Voice Of EU

Published

on

Harworth Group plc has sold two residential land parcel at its Waverley and Thoresby Vale developments to Barratt and David Wilson Homes, for a total consideration of €45.5m (£39m).

 

At Waverley in South Yorkshire, Harworth has competed a €33.8 (£29m) land sale which will see the delivery of approximately 450 homes, of which over 30% will be affordable. This represents Harworth’s largest-ever serviced residential land sale by number of plots. The new homes will represent Barratt and David Wilson Homes’ fifth phase at the site and will be situated adjacent to both Highwall Park and the Waverley Lake, benefitting from unique water frontage in an area of the development known as Waverley Waterfront. Construction will follow a bespoke design code, devised in partnership between Harworth and Barratt and David Wilson Homes, that complements the existing Waverley development while maximising the amenity value of the area’s waterfront location. The development will include a pedestrianised promenade, further enhancing the site’s placemaking and connectivity.

 

At Thoresby Vale in Nottinghamshire, Harworth has exchanged on the sale of serviced land capable of delivering 174 homes, for €11.6m (£10m). This represents the second phase of the Thoresby Vale development, following the sale of two land parcels at the site to Harron Homes and Barratt and David Wilson Homes in 2019 and 2020 respectively. Alongside the new homes, Barratt and David Wilson Homes will provide a new surface water attenuation pond and a multi-use path and associated landscaping, which will enhance connectivity and link to the site’s planned primary school and local centre, for which site preparation works are currently underway. The sales conclude an active first half for Harworth’s residential developments, during which over 100% of its budgeted residential land sales for the year were completed, exchanged or under offer, and it also launched its first single-family Build to Rent portfolio.

 

Andrew Blackshaw, Chief Operating Officer at Harworth, commented: “Barratt and David Wilson Homes is a trusted and valued partner to Harworth, and we are pleased to be developing our relationship with these two significant land sales. Harworth is particularly well-placed in volatile markets as our serviced land provides housebuilders with a product which is de-risked and ready to build on from day one. The acceleration of both our Waverley and Thoresby Vale sites will see Harworth stepping through its strategy to take advantage of the placemaking and levelling up that these schemes ultimately bring to these communities. In addition, these sales will enhance the maturation of these socially diverse neighbourhoods when delivered alongside our recently launched single family Build to Rent product, Project Spur.”

 

Ed Catchpole, Joint Regional Director for Yorkshire & Central at Harworth, added: “Barratt and David Wilson Homes has a proven track record of high-quality housing delivery at Harworth sites, and these transactions will help to further accelerate the build-out and placemaking at Waverley and Thoresby Vale. Both sites are also set to benefit from additional investment which will see the creation of new Build to Rent homes and local amenities.”

 

Mark Cotes, Managing Director at Barratt and David Wilson Homes North Midlands, said: “We’re thrilled to have secured the land for an extension to our Thoresby Vale development and will look forward to another opportunity to meet the growing demand for housing in Nottinghamshire. Our growing community in Edwinstowe will continue to provide new jobs for local people and we’ll be making further ecological and financial investments as the development progresses.”

Source link

Continue Reading

Trending

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates 
directly on your inbox.

You have Successfully Subscribed!