On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
The new bill, if passed, will allow cyber warfare operatives to take over control of critical infrastructure under attack.
Australia’s top cyber spies are set to gain greater powers in the event of ransomware or other cyber attacks on critical infrastructure.
The Australian Signals Directorate (ASD), a government agency in charge of cyber warfare and information security, would be able to take over control of critical infrastructure — including energy, communications and banking systems — under new legislation introduced into Parliament.
The legislation even considers health care and grocery businesses to fall under the definition of critical infrastructure and imposes new positive security obligations.
For ASD operatives to provide assistance, operators from the affected infrastructure have to report a serious cyber incident.
According to The Australian newspaper, the Critical Infrastructure Bill will be introduced to parliament, on Oct. 20, with bipartisan support from the committee that examined it.
Home Affairs Minister Karen Andrews stated the measures proposed will ensure the safety of essential services that Australians rely on:
“Recent cyber-attacks and security threats to critical infrastructure, both in Australia and overseas, make these reforms critically important.”
But a coalition of Australian and international tech industry groups is opposed to the new laws. “Without significant revision, the bill will create an unworkable set of obligations and set a troubling global precedent,” they wrote in a joint letter.
There have been a string of high profile ransomware attacks this year, including the Colonial Pipeline cyber attack in the U.S. in May, which forced governments around the world to rethink their vulnerabilities and highlighted crypto’s role in the attacks.
Another ransomware attack in May, on Australian meat processor JBS, pushed Australian lawmakers to take a tougher stance. A new Ransomware Action Plan was released last week will allow Australian authorities to seize or freeze financial transactions in cryptocurrencies that are associated with cyber-crime regardless of the country of origin.
The Parliamentary Joint Committee on Intelligence and Security said the “threat of cyber security vulnerability and malicious cyber activity has become increasingly evident in recent years” with about a quarter of reported cyber security incidents affecting critical infrastructure organizations.
Related: Chainalysis acquires cybercrime investigative firm Excygent in fight against ransomware attacks
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