Estonia suspended 760,000 cyber IDs to cope with identity theft

(EU2017EE Estonian Presidency, CC BY)

Hungary: central bank’s international reserves up

Bulgaria’s budget with additional EUR6.9 m to overcome disaster damages

Estonia

Almost 760,000 of 1.3 million electronic ID cards were suspended by Estonian government – due to their exposition to the cyber risk. The most advanced in terms of e-technology country in Europe informed that the cards of which digital certificates were suspended are “using buggy chips”.

The government wanted to avoid the possibility of identity theft. As the portal SecurityAffairs informs: “The decision comes after IT security researchers recently discovered a vulnerability in the chips used in the cards manufactured by the Swiss company Trub AG that open the doors to malware-based attacks. The Prime Minister Juri Ratas announced the decision to suspend security certificates for cards until their owners download an update to patch the flaw”.

Electronic IDs offer online access to a huge number of services through the e-government state portal. The cards were produced by the Swiss company Trub AG and the company’s successor Gemalto AG.

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Hungary

Budapest Business Journal reports that the international reserves of the National Bank of Hungary (MNB) amounted to EUR22.559bn at the end of October. It increased by EUR33m m/m but dropped by EUR1.825bn y/y.

As reported, reserves grew for the second time in 2017 – which is due to the active use in October of the MNB’ EUR/HUF FX swaps. They were introduced in 2016 as a “fine-tuning instrument” for market liquidity.

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Bulgaria

Bulgarian government will provide almost BGN13.5m (EUR6.9m) “to overcome disaster damage”. As Novinite.com reports, Bulgarian cabinet has approved the additional funds for the implementation of prevention, mitigation and disaster relief activities – to cope with damage caused by landslides, major fires, storms, snowfalls and floods.

As reported, the target expenses are proposed by the Interdepartmental Commission for Reconstruction and Assistance to the Council of Ministers and will be insured against the contingency and urgent expenses reserve under the State Budget Act.

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What’s up in indexes

BET (of Bucharest) increased from 7,784.05 index point Monday, November 6th to 7,764.83 index points Tuesday, November 7th. It’s up 0.28 per cent d/d and up 14.01 per cent y/y.

BUX (of Budapest) decreased from 40,115.77 index points Monday, November 6th to 39,809.00 index points Tuesday, November 7th. It’s down 0.76 per cent d/d and up 31.15 per cent y/y.

CROBEX (of Zagreb) increased from 1,815.70 index points Monday, November 6th to 1,816.57 index points Tuesday, November 7th. It’s up 0.05 per cent and down 6.32 per cent y/y.

OMXR (of Riga) decreased from 1,024.68 index points Monday, November 6th to 1,025.37 index points Tuesday, November 7th. It’s up 0.07 per cent d/d and up 44.36 per cent y/y.

OMXT (of Tallinn) decreased from 1,225.11 index points Monday, November 6th to 1,220.17 index points Tuesday, November 7th. It’s down 0.40 per cent d/d and up 20.08 per cent y/y.

OMXV (of Vilnius) increased from 662.32 index points Monday, November 6th to 663.13 index points Tuesday, November 7th. It’s up 0.12 per cent d/d and up 19.29 per cent y/y.

PX (of Prague) increased from 662.32 index points Monday, November 6th to 1,055.73 index points Tuesday, November 7th. It’s up 0.02 per cent d/d and up 17.43 per cent y/y.

SAX (of Bratislava) decreased from 322.01 index points Monday, November 6th to 316.99 index points Tuesday, November 7th. It’s down 1.56 per cent d/d and up 0.02 per cent y/y.

SOFIX (of Sofia) increased from 672.79 index points Monday, November 6th to 674.34 index points Tuesday, November 7th. It’s up 0.23 per cent d/d and up 22.32 per cent y/y.

UX (of Kyiv) increased from 1,246.39 index points Monday, November 6th to 1,246.62 index points Tuesday, November 7th. It’s up 0.02 per cent d/d and up 49.40 per cent y/y.

WIG20 (of Warsaw) increased from 2,515.34 index points Monday, November 6th to 2,536.37 index points Tuesday, November 7th. It’s up 0.84 per cent d/d and up 43.97 per cent y/y.

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