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New Ransomware Spreads Through Russia and Europe

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New Ransomware Spreads Through Russia and Europe,Startup Stories,Latest Business Updates 2017,Inspirational Stories 2017,Bad Rabbit Ransomware Strikes,New Ransomware Attack in Russia,Recent Cyber Attacks in 2017,Notpetya Ransomware Attack 2017,Latest Cyber Attack 2017,Latest Technology News and Updates

BadRabbit, a new ransomware, the next big cyber attack since ‘NotPetya,’ has been spreading across Russia, Ukraine and other Eastern European countries. Ukraine’s Computer Emergency Response Team (CERT) has confirmed the news regarding the new wave of hacks infecting computer systems in the country. 

According to media reports, the ransomware is targeting corporate networks, computer systems for the Kiev Metro, Ukraine’s Odessa International Airport and several Russian media outlets. The malware has also reached Turkey and Bulgaria in addition to Germany and a few other countries. Currently, ESET and Kaspersky’s cybersecurity researchers are keeping a track of the attack.

According to ESET, the malware used for the cyber attack was Diskcoder.D, which is a new variant of ransomware also known as Petya. In June this year, the previous variant of Diskcoder, NotPetya, was used in a damaging cyber attack on a global scale. According to Wired, Kaspersky has counted close to 200 BadRabbit victims out of which 50 or 60 are Ukrainian government computers. However, ESET estimated only 12. 2% of victims were from Ukraine while 65% of the victims were in Russia.

Speaking about the latest cyber attack, Roman Boyarchuk, the Head of the Center for Cyber Protection in Ukraine said, “A lot of systems have been manually disconnected because of the attack, in part to control the spread of the ransomware.” While the outbreak has affected only a small fraction of the size of the NotPetya epidemic, Kaspersky found strong evidence tying the new attack to the creators of the NotPetya ransomware. The cybersecurity firm noted 30 sites which were used to spread Petya also began the distribution of the BadRabbit malware on Tuesday.

The Director of Kaspersky’s Global Research and Analysis team, Costin Raiu, said, “This indicates that the actors behind ExPetr/NotPetya have been carefully planning the BadRabbit attack since July.” The new ransomware, according to Kaspersky, spreads by using the Windows Management Instrumentation Command Line in combination with user credentials the malware steals using the open source tool Mimikatz. Similar to NotPetya, BadRabbit also uses Microsoft’s Server Message Block protocol to spread between computers, using the credentials hardcoded into its software.  

Despite the various similarities, it’s still unclear who is behind the recent attack. All computers affected with the malware were directed to a .onion Tor domain and asked to pay 0.05 Bitcoins or roughly $ 276 in exchange for their data. However, all infected users are discouraged from paying the ransom as it is not yet clear if BadRabbit actually decrypts the data after collecting the ransom. 

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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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