China criticises US actions for hindering global effort to fight cyber crime

Elizabeth Williams
May 22, 2017

Brian Krebs, an independent cybersecurity analyst who operates the Krebs on Security website, said that while e-mail is the most likely source of the infection, it may also have been spread with a "drive-by" attack.

Experts have warned organizations, businesses and other sectors to take required precautions and update their systems.

Ransomware is a sophisticated piece of malware that blocks the victim's access to his/her files, and the only way to regain access to the files is to pay a ransom.

Rounding out the five, Barracuda Networks Inc., which sells security software specifically focused on email, the main path through which WannyCry spread, closed the day up 5.7 percent.

But Scott Vernick, a data security lawyer at Fox Rothschild that represents companies, said he was skeptical that WannaCry would produce a flood of consumer lawsuits.

It's tempting to howl at the NSA for not alerting companies like Microsoft when its researchers find vulnerabilities in their products.

The attack followed the leak earlier this year of a batch of cyber weapons built by the United States National Security Agency (NSA).

In fact it is imperative that countries and security agencies around the world work together to better fight cyber crime and other cyber threats as China emphasised in a cyberspace plan of action released in March.

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)?". "We have been in touch with Microsoft and others.even they have not got any reports", Indian Computer Emergency Response Team (CERT-In), director general, Sanjay Bahl told PTI. There will be no quick fix to the spread of the malware, and it will ultimately end only when all systems have been updated. Several security holes are fixed before they can be exploited. Multiple backups also help.

In just four days, the WannaCry ransomware reeled in enough money to buy 8,750 servings of avocado toast (or maybe a modest house, if you're into that sort of thing).

"It's not rocket science", Litan said.

The target was a loophole in the Windows operating systems that allowed the WannaCry ransomware to affect and disrupt major services. India's digital security office cautioned Internet clients against the worm that secures documents of a tainted PC and requests that the client pays a payment of $300 in Bitcoin virtual cash to open the operating system.

Dore said companies that faced disruptions because they did not run the Microsoft update or because they were using older versions of Windows could face lawsuits if they publicly touted their cyber security. If they caught, that is.

Other reports by VgToday

Discuss This Article