Since Friday, May 12, malicious software named WannaCry has spread around the world in a massive cyberattack that has affected Windows computers in hospitals, government agencies and businesses.
The WannaCry ransomware attack that started Friday and infected hundreds of thousands of computers has been linked to hackers aligned with North Korea, according to cybersecurity researchers. Estimates of the economic impact are still being tabulated, but they could easily run into the tens of billions of dollars.
Financial Tribune reported two days ago some 200 computers in the country were infected by the so-called "ransomware" software.
But Roger Kay, an analyst at Endpoint Technologies, a medical information consulting service, said the fees exposed Microsoft to the same criticism of price-gouging that drugmakers face when they charge high prices for life-saving drugs.
"People simply don't follow the security best practices", Upadhyaya told Fox News.
Train your employees on how to spot phishing emails. The origins of this attack and the people that are to blame have generated a controversy that is causing a media frenzy.
According to the company, "Customers who are running supported versions of the operating system (Windows Vista, Windows Server 2008, Windows 7, Windows Server 2008 R2, Windows 8.1, Windows Server 2012, Windows 10, Windows Server 2012 R2, Windows Server 2016) will have received the security update MS17-010 in March".
But many computers remained vulnerable, either because consumers did not patch them or because the patch did not fit their older operating systems.
It's a wakeup call for organizations that are using outdated software, argues Credit Suisse analyst Michael Nemeroff. The VEP is meant to balance the advantages gained by keeping a given software vulnerability secret versus the potential risks to the world at large.
In the USA, it seems to be the cyber-crimes have been increased since 2010, and this was the major in the country, but still, the country had many major cyber-attacks in previous years too. As one can imagine, the virus had the potential to cost many lives.
"We make sure the trusts are aware of their vulnerabilities and ask them to make sure they keep themselves up to date". The worm called "wannacry" spread from one computer on the net to another, encrypted important files, and would only delete them unless a ransom was paid. That raised the crisis-level stakes of the attack and increased the chances that stricken victims would be coerced into paying. With data decryption usually priced in the hundreds of dollars, many organizations find it easier to pay and move on; the leading cybersecurity firm Trend Micro recently researched United Kingdom organizations who have received ransomware in the past two years and found that almost two-thirds of those it surveyed paid the ransom.
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