**Ukraine’s Railway Network Hit by Sophisticated Cyber Attack**
A sophisticated cyber attack has hit Ukrzaliznytsia, Ukraine’s railway company, causing significant disruptions to online ticket purchases. The attack, which occurred on March 24, left many passengers without tickets or access to digital copies.
The impact of the cyber attack was substantial, but surprisingly, it didn’t seem to affect the overall efficiency of the railway system. Despite the attack, a staggering 96% of Ukrainian railway trains still arrived on time over the past four days. This is a testament to the resilience and determination of Ukrzaliznytsia’s IT workers, who have been working non-stop for several days to restore computer systems.
The cyber attack on Ukrzaliznytsia highlights the vulnerability of Ukraine’s critical infrastructure to cyber threats. As the country continues to face aggression from Russia, it’s essential that its government and businesses take steps to strengthen their cybersecurity measures. The fact that Ukrzaliznytsia was able to maintain a high level of service despite the attack is a credit to the company’s IT team.
**Other Business News in Ukraine**
In other business news, Ukraine has received a significant boost from the International Monetary Fund (IMF) with a $400 million tranche as part of its Extended Fund Facility program. This funding will help support Ukraine’s economic recovery and reform efforts.
Russia’s claims that the US and Moscow are discussing projects related to Russian rare earth minerals have sparked interest in the global community. However, it remains to be seen whether these discussions will lead to tangible outcomes.
The European Bank for Reconstruction and Development (EBRD) has approved a loan of $290 million for Ukraine’s gas company, Naftogaz. This investment will help support Ukraine’s energy sector and contribute to the country’s economic growth.
Ukraine is also planning to dissolve its gambling regulator and create a new agency to oversee the industry. This move aims to improve regulatory oversight and ensure that the gaming industry operates in a transparent and responsible manner.
Lastly, Ukrainian manufacturers have demonstrated their capability to produce over 5 million first-person-view (FPV) drones per year. This is an impressive feat that highlights Ukraine’s growing industrial capabilities and its potential to become a significant player in the global drone market.
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