Ransomware WannaCry to attack Indian banking system soon: Cyber expert

Cyber Attacks: Criminals could use attacks to disable key buildings, experts warn

Cyber Attacks: Criminals could use attacks to disable key buildings, experts warn

Who's being targeted for blame? Their failure to decrypt files even after users have paid serves as a very salient lesson to anyone effected by ransomware: there is little benefit in paying the ransom. Microsoft requires Windows 10 customers to automatically update their computers, but some people with older PCs disabled automatic updates.

The hacking tool, developed by the US National Security Agency and codenamed EsteeMaudit, has been adapted and is now available for criminal use, according to security analysts. Use a reputable security software to prevent attacks in the future.

In a statement, VNCERT urged leaders of the central government, ministerial organizations, as well as companies nationwide to prevent and stop spreading of attacks by WannaCry ransomware, reported local Bao Dau Tu (Vietnam Investment Review) online newspaper on Tuesday.

Worldwide standards should compel countries not to stockpile or exploit software vulnerabilities, Smith says. Therefore, when the vulnerabilities got into the wrong hands, it is akin to the "US military having some of its Tomahawk missiles stolen" without the necessary defence to protect consumers. He argued there should be "a new requirement for governments to report vulnerabilities to vendors, rather than stockpile, sell, or exploit them".

Microsoft in a blog post said that, "we at Microsoft have the first responsibility to address these issues".

Still, it was Microsoft that wrote the exploitable software to begin with.

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Because WannaCrypt exploits a quirk of the Windows operating system, Macintosh and Linux systems are safe. Cyber security experts said the malware could spread through computers running unpatched versions of Microsoft Windows.

The government has long acknowledged the need to update its old IT systems.

The WannaCry pandemic is thus a win-win situation for Microsoft, which will only end up minting more money from the fiasco. He noted, however, the complexity that can be involved in patching a security hole. In Australia, Cyber Security Minister Dan Tehan warned that there will always be threats of cyber attacks despite measures to intensify the country's cyber security. He added it was a helpful thing that the company had set up a patch capable of stopping the attack.

This includes whitelisting certain websites and software so only approved programs can run on a computer, or disabling administrative privileges on a company's machines so that only the IT department can download programs. If you perform regular backups, you won't have to worry about ransomware.

Michael Mitchell, spokesman for Oreo cookie maker Mondelez International, said the company is not aware of any incidents from the attack, though it did alert employees. In all, 150 countries have reported compromised computer systems.

"WannaCry" has disrupted networks in over 150 countries, including Russian Federation and the United Kingdom and is being termed as one of the most widespread cyber attacks in the history. If a user wanted to recover access to their computer, they were required to pay a set amount to the hackers in Bitcoin, a digital currency that is gaining popularity due to the fact that it is tougher to track its movements.

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