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International cyber attack serves as a reminder for network security

Information security teams were on high alert Wednesday after a cyber attack that started on the Ukrainian government and business computer systems made its way to the United States.

According to multiple media reports, this attack was similar to an earlier attack in May, only this time more sophisticated. According to The New York Times, the attack was part of a series of attacks using hacking tools stolen from the National Security Agency and leaking online in April.

Three companies in the United States had confirmed damages as of 6 p.m. Wednesday; No Iowa companies have reported being impacted by the attack.

Ben Schmitt, Vice President of Information Security at Dwolla, said he first heard about the attack on Tuesday morning and said this is the sort of thing companies test for every day.

Schmitt explained that once the machine was infected with the virus, how much it spread was determined by the computer.

“This specific bit of ransomware had a worm aspect to it and was able to do lateral movement,” Schmitt explained. “Meaning once you got a machine infected, it didn’t just spread via that hole or vulnerability, it spread based on administrative credentials and someone’s account that had access. So if you had administrative privileges on your machine it would spread like wildfire.”

Schmitt said it was similar to an attack in May, only perfected.

“We were well positioned for it,” Schmitt said. “We are constantly looking at our systems and this is Windows-based vulnerability, and we don’t use a ton of Windows but by how we’re designed with what systems we have it was a minimal part of our environment.”

International cyber attack serves as a reminder for network security | Clay & Milk
A central Iowa ag-tech accelerator has secured more backers and finally has a name. The Greater Des Moines Partnership first announced the accelerator last year, naming four initial investors. On Monday, the Partnership said the program will be called the "Iowa AgriTech Accelerator" and named three new investors. The new investors include Grinnell Mutual, Kent Corp. and Sukup Manufacturing, all Iowa companies. They join investors Deere & Co., Peoples Co., Farmers Mutual Hail Insurance Co. and DuPont Pioneer. Each investor has agreed to put up $100,000 for the first year of the accelerator. Startups entering the program will receive $40,000 in seed funding in exchange for 6 percent equity. Tej Dhawan, an angel investor and local startup mentor, is serving as interim director until the AgriTech Accelerator names a permanent leader. Dhawan held a similar role with the GIA before Brian Hemesath was named as managing director. As interim director, Dhawan said his main job includes hiring the accelerator's executive director, establishing a business structure and initial recruiting for the first cohort. The accelerator will place few filters, such as location and product, on the applicant pool, Dhawan said. "When you’re seeking innovation, innovation can come from every corner of the world so why restrict ourselves," he said. One area the the AgriTech Accelerator won't recruit from is biotech. For its first cohort, the AgriTech Accelerator will work out of the GIA's space in Des Moines' East Village, Dhawan said. A future, permanent home is still to be decided. The accelerator's program will host startups from mid-July through mid-October, ending with an event connected to the annual World Food Prize. The GIA, which the AgriTech Accelerator is based on, also ends with presentations at an industry event. The accelerator has also started lining up a mentor pool. The Iowa Corn Growers Association, Iowa Soybean Association and the Iowa Pork Producers Association have agreed to provide mentors, as has Iowa State University. While the AgriTech Accelerator is loosely based off of the GIA, it will differ in its business structure, Dhawan said. The GIA runs through a for-profit model for both operations and its investment fund. The AgriTech Accelerator will have a nonprofit model for its operations and a for-profit setup for its fund. Dhawan said the nonprofit model is being used so the accelerator can better work with other nonprofit partners, such as trade associations. "These are all organizations that are nonprofits and can be amazing stakeholders without ever having to be investors in the accelerator," he said. "It becomes easier to work with trade associations in their nonprofit role when we are also a nonprofit." When it's up and running, the AgriTech Accelerator would be one of a handful of ag-focused startup development programs in Iowa. Others include the Ag Startup Engine out of Iowa State University and the Rural Ventures Alliance from Iowa MicroLoan. Matthew Patane is the managing editor and co-founder of Clay & Milk. Send him an email at
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