WannaCry: Businesses could face lawsuits for not updating Windows-based computer systems

Elizabeth Williams
May 19, 2017

Trustlook, a next-generation cybersecurity company, has released a free scanner and vaccine toolkit to help protect Windows computers that are either vulnerable to, or have been infected with, the unsafe strain of ransomware known as WannaCry. Cybercriminals behind the scam are typically demanding $300 in Bitcoin to unlock a company's computers. A security researcher in the United Kingdom who goes by the handle MalwareTech found that when the WannaCry malware is starting up, it searches for an oddly named domain on the internet.

In Britain, whose health service was among the first high-profile targets of the attack on Friday, some hospitals and doctors' offices were still struggling to recover.

The market capitalisations in five of the biggest cybersecurity companies ranked on the PureFunds ISE Cyber Security Exchange, known as HACK, rose to $5.9bn yesterday.

Mr Hutchins, from Devon, has been credited with stopping the WannaCry attack from spreading across the globe by accidentally triggering a "kill switch". Read Also: 'WannaCry' impact not so serious in India, says govt The company claimed it "successfully detected" the ransomware activity and "cleaned the malicious file responsible for file encryption from all the attacked systems". They say it will continue to spread in a modified form. An official cyber coordination centre is expected to launch operations by June which will take precautions against such attacks. Most of the federal agencies have completely stopped the use of Microsoft XP. Microsoft even released a security update for Windows XP machines, which are no longer supported. Now, the Navy is shifting towards the use of Windows 10.

Here Everything you need to Know: Bank ATMs all over India be affected by WannaCry worm worldwide assault that locks PCs and requests a payment, digital security specialists said on Monday. It said there have been over 700 distress calls by customers in the last few days, following the discovery of the attacks which has impacted 150 countries globally. They are also looking to wipe out any possible malware infections in their system. "Our observation is that the attack is not focused towards any particular industry but it is widely spread across industries especially those organisations which are online and connected", Quick Heal Technologies' Managing Director Sanjay Katkar said.

He was critical about the casual approach adopted by government sectors where old machines were still in use with nearly zero backup and no patches were ever applied making them open to such cyber threats.

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