Tag Archives: Organizers

Games organizers confirm cyber attack, won't reveal source
February 11, 2018 6:00 am|Comments (0)

PYEONGCHANG, South Korea (Reuters) – Pyeongchang Winter Olympics organizers confirmed on Sunday that the Games had fallen victim to a cyber attack during Friday’s opening ceremony, but they refused to reveal the source.

The Games’ systems, including the internet and television services, were affected by the hack two days ago but organizers said it had not compromised any critical part of their operations.

“Maintaining secure operations is our purpose,” said International Olympic Committee (IOC) spokesman Mark Adams.

“We are not going to comment on the issue. It is one we are dealing with. We are making sure our systems are secure and they are secure.”

Asked if organizers knew who was behind the attack, Adams said: “I certainly don’t know. But best international practice says that you don’t talk about an attack.”

The Winter Games are being staged only 80km (50 miles) from the border with North Korea, which is technically still at war with the South since their 1950-1953 war ended in a truce rather than a peace treaty.

The two teams marched together at an Olympics opening ceremony for the first time since 2006.

South Korea has been using the Pyeongchang Games to break the ice with the reclusive North, which has been trading nuclear threats with the United States recently.

“All issues were resolved and recovered yesterday morning,” Pyeongchang organizing committee spokesman Sung Baik-you told reporters.

“We know the cause of the problem but that kind of issues occurs frequently during the Games. We decided with the IOC we are not going to reveal the source (of the attack),” he told reporters.

Russia, which has been banned from the Games for doping, said days before the opening ceremony that any allegations linking Russian hackers to attacks on the infrastructure connected to the Pyeongchang Olympic Games were unfounded.

“We know that Western media are planning pseudo-investigations on the theme of ‘Russian fingerprints’ in hacking attacks on information resources related to the hosting of the Winter Olympic Games in the Republic of Korea,” Russia’s foreign ministry said.

“Of course, no evidence will be presented to the world.”

Cyber security researchers said in January they had found early indications that Russia-based hackers may be planning attacks against anti-doping and Olympic organizations in retaliation for Russia’s exclusion from the Pyeongchang Games.

Stakeholders of the Olympics have been wary of the threat from hacking and some sponsors have taken out insurance to protect themselves from a cyber attack. [nL4N1PX1HV]

Editing by Peter Rutherford

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Pyeongchang Games organizers probe possible cyberattack
February 10, 2018 6:00 am|Comments (0)

PYEONGCHANG (Reuters) – Pyeongchang Olympics organizers were looking into a disruption of non-critical systems on the day of the opening ceremony but could not yet confirm if it was a cyberattack, Games spokesman Sung Baik-you said on Saturday.

The Winter Olympics opened with a spectacular ceremony on Friday, attended by several heads of state who witnessed the joint march of North and South Korean athletes, as Games systems played up.

The ceremony was also attended by North Korean ceremonial leader Kim Yong Nam and North Korean leader Kim Jong Un’s sister, Kim Yo Jong, as well as U.S. Vice President Mike Pence.

Some local media reported system problems, including the Games website and some television sets, were due to a cyberattack but Sung said it was still too early to determine whether hackers had attempted to damage them.

“There were some issues that affected some of our non-critical systems last night for a few hours,” Sung told reporters, without detailing what the issues specifically were.

“We apologize for the inconvenience caused. It has not disrupted any event or had any effect on safety and security for athletes or spectators.”

Sung said security experts were currently investigating the incident.

“Experts are watching to ensure and maintain any systems at expected service levels. We are currently investigating the cause of the issue. At this time we cannot confirm (a cyberattack),” he added.

“We are investigating the cause and we will share more information. All competitions are running as planned.”

It was also not clear whether failure to deploy drones as part of the programme during the two-hour opening ceremony was in any way related to the system problems.

The International Olympic Committee said pre-recorded footage of the drones was used instead.

“Due to impromptu logistical changes it (drone deployment) did not proceed,” the IOC spokesman said with elaborating further.

The Winter Games, staged only 80km (50 miles) from the North Korean border, saw the two Koreas, who are technically still at war since a 1953 armistice, march together at the opening ceremony for the first time since 2006.

South Korea has been using the Pyeongchang Games to break the ice with the reclusive North, which has been trading nuclear threats with the United States recently.

Reporting by Karolos Grohmann; editing by Sudipto Ganguly

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Tezos organizers hit with second lawsuit over cryptocurrency fundraiser
November 16, 2017 12:00 am|Comments (0)

(Reuters) – A second lawsuit was filed this week against the organizers of cybercurrency technology project Tezos, an initiative that raised $ 232 million to issue a cryptocurrency that does not exist and fund development of a transaction system that has no clear end date.

Tezos co-founder and CTO Arthur Breitman and his wife and co-founder Kathleen Breitman respond to questions during the Money 20/20 conference in Las Vegas, Nevada, U.S. on October 24, 2017. REUTERS/Steve Marcus

The class action lawsuit, filed in a U.S. District Court in Florida by Coral Springs-based law firm Silver Miller, alleges that Tezos’ organizers broke U.S. securities laws and defrauded and misled participants in the online fundraiser, according to court documents.

Special Report: Read Reuters original investigation into Tezos

Many who put money toward the initial coin offering consider themselves investors, but the funds were raised as non-refundable donations.

The lawsuit was filed on Monday and made public on Wednesday. The defendants are Kathleen and Arthur Breitman, the co-founders of the project; their Delaware-based company Dynamic Ledger Solutions Inc, which owns the rights to the transaction system’s code; and the Tezos Foundation, a Swiss entity that was set up to carry out the fundraiser.

It is the second lawsuit in less than a month to hit the embattled project that in July raised funds in one of the largest ever initial coin offerings, a popular way for technology startups to collect money by issuing cryptocurrencies.

Neither Brian Klein, an attorney for the Breitmans, nor Johann Gevers, president of the Tezos Foundation, immediately responded to requests for comment.

The lawsuit quotes from a Reuters investigation and reports published in October that revealed details of a backroom battle between the Breitmans and Gevers over control of the project. The dispute has delayed the project. (reut.rs/2yGk6IT)

The lawsuit alleges that contributors to the fundraiser were not told that it could take more than three years for the Swiss foundation, which holds the funds, to purchase Dynamic Ledger Solutions and the project’s source code.

This time frame, revealed by Reuters, was not disclosed to investors despite being “a highly material fact,” the lawsuit alleges.

Plaintiffs are asking for a refund as well as damages, according to the lawsuit. It also alleges organizers sold unregistered securities.

“As a result of Defendants’ fraud, false representations and violation of federal and state securities laws in connection with the Tezos ICO, Plaintiff and the Class Members state their demand that the Contract be rescinded and canceled,” the lawsuit states.

Other law firms have said they are considering litigation.

Reporting by Anna Irrera and Steve Stecklow; Editing by Lauren Tara LaCapra and Cynthia Osterman

Our Standards:The Thomson Reuters Trust Principles.

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