No US Targets Yet Reported Hit In Petya Cyber Attack

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Mark Melin
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With the Petya cyber attack now a reality – Ukraine’s banks, electric grid and government operations were shuttered Tuesday by a new hack among a growing worldwide list — the new battlefield is upon us. While initial ground zero appears to be the Ukraine, major corporations, airports, and installations from France and the UK to Russia have also been hit. With such a wide swath of digital terror spreading, there have been no reported US targets hit. Petya cyber attack hits major European multinational corporations as well as Ukraine governmental institutions, Russian firms Early reports indicate the attack is widespread,…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.