CREDIT SUISSE: The WannaCry ransomware attack could give Microsoft's stock a boost

It's likely that you have heard of the recent ransomware attack that started spreading across the world last Friday.

Microsoft had patched the vulnerability exploited in WannaCry attacks with the March 2017 Patch Tuesday cycle, so all systems running Windows 7, Windows 8.1, and Windows 10 were already secure when the WannaCry ransomware dropped bombs on unsuspecting systems last week. The software is WannaCry ransomware which took over the machines of more than 150 countries including India.

However, proof positive of just how bad the spread of "WannaCry" has been, the company did something it hasn't done in years: released a security patch for Windows XP.

Reports have it that sixteen National Health Service (NHS) organizations in the United Kingdom have been reportedly hit with some of the hospitals cancelling outpatient appointments. "It would arguably be knowingly negligent to let those systems stay in place". "Those who have Windows Update enabled are protected against attacks on this vulnerability". "That's liability to individuals, consumers and patients".

Referencing Microsoft ditching support for Windows XP in 2014 - despite the software remaining in widespread public and private use - Omand asked: "Should Microsoft have stopped supporting Windows XP so soon, knowing that institutions had invested heavily in it (at the urging of the company at the time)?".

Microsoft said the vulnerability doesn't exist within the latest version of Windows 10, but if you have an earlier version of Windows, you are encouraged to download the latest update on Microsoft's website. So, they drew a line and said that XP is too old for them to focus on, and they are not going to be releasing patches for it anymore. Most often the malicious software encrypts important files, making them unreadable, and often locks the computer.

Chris Cornell to be Buried in Los Angeles This Week
Bumbery called the death "sudden and unexpected" and said his wife and family were shocked by it. Numerous bands remembered Cornell by performing his songs.

India's cyber security agency Computer Emergency Response Team of India (CERT-In) has issued an alert about Wannacry Ransomeware Virus.

WannaCry was one of the first highly publicized attacks in which ransomware was weaponized and used against numerous companies at once, there will undoubtedly be future attacks. It is the most high-profile cyber-attack.

"It isn't clear that there has been a harm to consumers", he said.

Microsoft is blaming the US government.

Microsoft itself is unlikely to face legal trouble over the flaw in Windows being exploited by WannaCry, according to legal experts.

Utilize antimalware and antivirus software tools and services.

Recommended News

  • Rihanna Dripped in Diamonds to Launch Her Chopard Jewelry Line in Cannes

    Rihanna Dripped in Diamonds to Launch Her Chopard Jewelry Line in Cannes

    The singer recently joined the Dior Cruise runway show, modeling coming fashions for 2018. Rihanna's nine-piece Chopard collection starts at £1,460 and will be available in June.
    Forecast: Dry today, but wet week ahead

    Forecast: Dry today, but wet week ahead

    Not everyone will see rain but anyone under the hit and miss showers and storms will get a good, brief soak. A cold front will bring a broken line of scattered storms into the Valley through the evening hours.
    Trump welcomes Colombia's president to the White House

    Trump welcomes Colombia's president to the White House

    Former FBI Director James Comey has agreed to testify before the Senate intelligence committee after Memorial Day. Trump had said Thursday he was "very close" to naming a replacement and that former Connecticut Sen.
  • Beyonce, Jay Z celebrate twins at star-studded baby shower

    Beyonce, Jay Z celebrate twins at star-studded baby shower

    Queen Bey's twins are expected to be born in July this year and will be younger siblings to five-year-old Blue Ivy . Beyonce , 35, announced she was expecting twins on Instagram back in February by sharing a photo of her baby bump.
    South African hunter dies after Zimbabwe elephant trampling

    South African hunter dies after Zimbabwe elephant trampling

    Botha's big game hunting guide service was founded in 1983, according to the website for Theunis Botha Big Game Safaris. Scott Van Zyl, 44, was with a local tracker and a pack of hunting dogs when he disappeared in mid-April.
    Twin Peaks season premiere

    Twin Peaks season premiere

    That kind of a setting has since been used in many other shows, but it's still something that hasn't really been seen in games. It's been 26 years since Mark Frost and David Lynch's surreal serial drama Twin Peaks last had a new episode on television.
  • Comey to testify in public Senate intelligence hearing

    Comey to testify in public Senate intelligence hearing

    Republican Representative Scott Taylor told CNN there was "no question" that Trump had "some stumbles this week". The Justice Department on May 17, 2017, appointed Mueller as a special counsel.

    Real title win "an incredible feeling" for Zidane

    Tottenham Hotspur target Isco has assured the Real Madrid fans that he will stay on with the Spanish champions beyond the summer . But Chelsea will be reluctant to part with their star man after he was awarded the Premier League's Player of the Year.

    Dibben wins stage, Bennett into Tour of California lead

    "When I looked at the profile of the time trial course it was fast and furious", Bennett said. "I don't know where it came from". Brent Bookwalter moved up to fourth overall, 45 seconds back, after covering the course in 28:34 to finish second on the day.
  • IS claims attack in northern Syria that killed insurgents

    IS claims attack in northern Syria that killed insurgents

    On Saturday, he had said that 3,000 evacuees, including 700 rebels, were due to be taken out of Waer. Some will stay in al-Waer and hand over their weapons as Syria's military and its allies move in.

    Pogba to feature, Mourinho set to give youth a chance

    Given the millions in prize money up for grabs that was little surprise, yet the way the hosts' callow side bossed much of the game did.
    Ransomware cyber-attack a wake-up call

    Ransomware cyber-attack a wake-up call

    British cybersecurity expert Graham Cluley doesn't want to blame the NSA for the attack. - Who was behind the attack? Former U.S. The server operates as a "sinkhole" to collect information about malware - and in Friday's case kept the malware from escaping.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.