Untold thousands hit by ransomware attack

Ransomware attack on Tietoevry hits Sweden hard
Communities and businesses severely affected by the ransomware attack on Tietoevery.
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Like tremblors after an earthquake, reverberations from the ransomware attack on Finnish Tietoevry last week were felt hard in Sweden. Tietoevry supplies administrative systems to businesses, agencies and authorities all over the world. Consumers in Sweden felt it at the movies when they couldn’t buy tickets, candy or even popcorn in Svenska Film’s Tietoevry payment system. Rusta, Systembolaget, Stadium, and Granngården are just some of the affected companies.

Communities under siege

Several local municipalities were laid low as well. Systems in Vellinge and Bjuv municipalities, as well as in Västerbotten, Sörmland, Blekinge and Uppsala Regions were impaired. All of Sweden’s 139 service centers were impacted. Swedavia, the state agency that runs Sweden’s major airports, has also gone public saying their internal financial system has operational difficulties. Last, but not least, Sweden’s parliament was affected, although they have not specified exactly how. As Sweden’s previous defense minister Peter Hultqvist said, “It’s big.

The real number of affected agencies and companies will perhaps never be known. Being hacked is often seen as bad for business. If a company’s data is held for ransom, the company is put under two kinds of pressure – to pay and not to pay. Many companies just want to get it over with and restart business as usual. But paying the perpetrator, thereby encouraging more attacks, is also bad for business and shameful to boot – if it becomes known. For these reasons, companies don’t always report that they have been hacked. Not reporting an infiltration, however, decreases the chances that the hacker is apprehended.

Russian pompoms

In this case, many believe the hacker is known. Akira is the main character in a Japanese cyberpunk manga film of the same name. It is also the name of the hacker company suspected of being behind the Tietoevry attack. The Russian state is believed to be their main supporter and cheerleading section.

Russia could be playing the long game. By disrupting everyday services, from buying movie tickets to payroll processing, basic trust in society is eroded. When things don’t work as expected, uncertainty is created. In the end, the danger is that people may think that nothing – pluralist democracies included – can be counted on, and that complicated reality is too much work. Thinking in this way plays right into the hands of populist and autocratic regimes who promise to take care of things.

Just like after earthquakes, much rebuilding will be needed after this attack.

5 questions reveal Swedish CEOs AI skepticism

AI Sweden might have some work to do.
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Sweden’s CEOs appear to be rather skeptical of AI in the workplace, compared to their international colleagues. PwC’s 27th Annual Global CEO Survey found that only 18% of surveyed Swedish CEOs have integrated AI into their business operations. Globally, 32% of CEOs indicated that AI was in some manner a part of their daily processes.

Another question where Sweden showed a significant diversion regarded whether or not employees would need to develop new skills to meet the AI challenge. In Sweden, less than 50% agreed with that statement. Globally, 70% of respondents answered in the affirmative.

Other questions in the survey showed similar discrepancies between Swedish and global CEOs. For example, 56% of Swedish CEOs believe that AI will increase workplace efficiency. That number is 64% globally. 26% of Swedish CEOs believe AI will lead to increased profitability. That number is 41% globally. And 40% of Swedish CEOs believe AI will raise the quality of their products and services in the next year. 60% of the total number of CEOs answered yes to that question.

In its press release, PWC speculates that the reason for hesitation is that the focus in Sweden is more on AI’s risks than on its possibilities. Another reason, PWC writes, may be the lack of clear guidelines on how to use AI in a responsible manner.

Nervous?

AI’s disruption of standard models of business practice has made CEOs nervous the world over. 45% believed their business would not survive the next ten years if they continued on their current path. The megatrends of AI and climate change, PWC writes, makes business reinvention imperative.