The announcement could come as soon as this week.
"The coverage has been around nearly since day one at the end of the 1990s, and these areas of cyber risk are starting to become more prominent, whereas it was liability around handling personal data that got people's attention", he said. The initial payload (i.e. the ransomware software known as WannaCry or WannaCrypt) was brought into the organisations' network via a phishing email, with a user clicking on a malicious link or downloading a malicious file. This is to prevent the ransomware from using the unprotected Windows XP unit as a gateway.
Some 47 NHS trusts fell victim to these ransomware attacks resulting in devastating consequences for some patients, as operations were cancelled and medical records held for ransom.
"There is a lack of transparency in India, in-spite of a mandatory requirement for banks and listed companies to disclose cyber-attack, however, very few banks and companies do that", said Tushar Ajinkya, Partner, DSK Legal. "At the same time, there needs to be a level of discourse that says, 'You need to pay real attention to this, and there is a role for you as an average citizen for you to play in securing the systems, '" Burley said.
In what one of the most significant cyberattacks ever recorded, computer systems from the U.K.to Russia, Brazil and the USA were hit beginning Friday by malicious software that exploited a vulnerability in Microsoft's Windows operating system.
The infection then spread rapidly through the network using two tools thought to have been developed by the NSA - the EternalBlue exploit and DoublePulsar backdoor - which were released into the wild by the ShadowBrokers hacking group along with a number of other cyber weapons. "We need governments to consider the damage to civilians that comes from hoarding these vulnerabilities and the use of these exploits".
The technology behemoth said that on 14 March it had released a security update to patch vulnerability, however many computers globally remained unpatched. But some organizations didn't apply it, and others were running older versions of Windows that Microsoft no longer supports.
"Speaking of hoarding, though, it's emerged Microsoft was itself stockpiling software - critical security patches for months".
"The governments of the world should treat this attack as a wake-up call". The tech industry writ large opposes efforts by the government to weaken the security of its products, while national security advocates say it could help combat terrorism.
Computer security experts have assured individual computer users who have kept their PC operating systems updated that they are relatively safe.
Tanvir Hasan Zoha, an adviser with the Crime Research and Analysis Foundation, said: "So far, 30 computers have been reportedly attacked by ransomware, but these have been resolved (sic)".
Some experts also believe that a widespread use of bootleg software in India might have forced companies to cover up their losses as they can not report the same due to licensing issues.
"As cybercriminals become more sophisticated, there is simply no way for customers to protect themselves against threats unless they update their systems", he stated. Often they don't even have the awareness that there's a problem to begin with.
- Pochettino staying at Spurs, no buyout clause in contract
- IPL 2017 | Pune seal their playoff date against Mumbai Indians in style
- Kipchoge misses 2-hour target
- France's Macron holds 1st Cabinet meeting; half are women
- Trump administration to cut funds for abortion aid overseas
- Iran's Khamenei urges massive vote to bolster regime
- Medicaid Expansion Takes Center Stage in Senate Health Care Debate
- Louis Blues take strong dose of optimism into offseason
- West Ham 1 Tottenham 0: Eric Dier makes key title race admission
- Rafael Nadal beats Dominic Thiem to win Madrid Open