Massive Cyberattack Shuts 40 of Australias Ports

➡ Major Australian ports owned by a Dubai-based company, DP World, were shut down due to a cybersecurity incident. This significant attack affected the country’s maritime freight operations, possibly mirroring previous financial system attacks like the one that happened in the Continental pipeline. Concurrently, a cyberattack on Melbourne’s cryptocurrency exchange further reinforces the vulnerability of virtual finance systems.

As the show was closing yesterday, Harps in Australia said, David, Four of our major ports are shut off from a hack on Friday, but the Chinese owned Darwin ports are still open. I wonder what could be happening with that. But I had not seen anything about that. So thanks, Harps, for letting me know. I looked it up and it’s not being covered in the US media, although it is a pretty big deal.

Australia locks down ports after a nationally significant attack. That’s how it was described. It looks like these ports, from what I could tell, all belonged to a Dubai based company called DP World. And so the Australian ports are being owned, are owned by this Dubai company or China or whatever. The operator shut down four ports at Sydney, Melbourne, Brisbane and Fremantle after detecting a cybersecurity incident late on Friday night.

DP World is responsible for 40% of Australia’s maritime freight. So that’s a big deal, cutting off from the world. And of course, they can’t export anything or import anything. They’re not allowing them to take things on or off of the ships. Our teams are working diligently to contain the situation and to determine the impact on our systems and our data. They don’t say it in any of these articles, but I’m guessing that it’s the same type of thing that we saw with the Continental pipeline, the biggest pipeline on the east coast here in the US.

They didn’t do anything to actually affect the physical pipeline. You can still deliver oil and all the rest of that stuff. They didn’t shut down any valves or anything like that. However, if you just shut down somebody’s financial system and they can’t process payments and things like that, it all shuts down. And I’m assuming that that’s what happened with these ports in Australia as well. And I think it’s interesting because these virtual attacks always hit the accounting, they always hit the financial side of things, don’t they? And here you have virtual attacks, rather, on again, the financial stuff, I think, was just happening here.

What does that Say about CBDC? The cybersecurity incident follows a cyberattack on Melbourne’s cryptocurrency exchange coinspot, which saw more than $2 million taken away from accounts. You see, this is what bothers me. And I know you don’t leave your money with any of these places. You leave it in your wallet, but still, there was, and I forget the billionaire’s name, but he had nearly a million dollars stolen out of his wallet, not taken out of a crypto exchange, and he didn’t know it, somebody else told him about it.

So that means that, A, his wallet is not private and B, he didn’t even know somebody had stolen a million dollars from him until this guy saw he’s watching, looking for big transactions, something that a whale would do or something like that, as they call it. And so he sees a big transaction coming across because everybody can monitor that. He looked it up and he was able to find out who that wallet belonged to.

And he calls the billionaire up and he says, did you know about this? No, I didn’t know about it. So that’s what scares me about the crypto stuff. One of the reasons why Tony Arderban’s wise Wolf gold, as I pointed know. Ryan, thank you for that. And we also have another listener who faithfully sends us stuff from that. But again, having real money that you really hold and of know, thieves can break in and steal stuff and you can have moths can eat your clothes, as Jesus told us.

So you store up your treasure in heaven, but nothing is safe here. But there’s different levels of risk and I think it’s a much more risky thing to have it there online because everybody is getting cyber attacks. I mean, we’ve had, our intelligence agencies have been attacked and hacked and had all their stuff stolen and exposed to the world as well. Pentagon, the NSA, the CIA, all these people have been hacked and all these big companies.

I don’t have an IT department to protect me having my stuff online. So again, that can happen anywhere. One of Australia’s port operators is now back online after the attack crippled its facilities. And again, this is owned by the Government of Dubai. Not just private and individual there, but the Government of Dubai owns these ports. DP World is owned by the government and they’ve got four of these ports.

40% of everything that comes in and out of Australia is controlled by the Dubai government. And then of course, the Chinese government is there as well. They said they’ve not yet identified the perps of the cyberattack caused the firm to disconnect its ports from the internet. All this sounds like it was some kind of a financial thing. At the root of it. Cyberattack added to fears that the supply of everything from medical equipment to Christmas toys could be disrupted in Australia.

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