Science

Ransomware WannaCry to attack Indian banking system soon

Ransomware WannaCry to attack Indian banking system soon

Before it was accidentally (and only temporarily) shut down, WannaCry had locked down more than 200,000 computers in more than 150 countries, affecting banks, universities and hospitals, with a demand that the targets pay $300 worth of bitcoins by May 20.

With the world still getting to grips with the unprecedented global cyber attacks through the WannaCry ransomware, the group that made such an attack possible has promised that it would soon be making tools available, which could lead to similar attacks in the future.

Cyber experts on Tuesday said the Indian banking system could be the next victim of the WannaCry "ransomware" cyber attack, ANI reported.

That's why it's called ransomware.

In China, the internet security company Qihoo360 issued a "red alert" saying that a large number of colleges and students in the country had been affected by the ransomware.




The spread of WannaCry ransomware has been wreaking havoc across the world since May 12, and several Vietnamese businesses and agencies are advised to take cautions.

Brad Smith, president and chief legal officer, pointed out that WannaCrypt is based on an exploit developed by the National Security Agency (NSA) and renewed his call for a new "Digital Geneva Convention", which would require governments to report vulnerabilities to vendors rather than stockpile, sell, or exploit them. "Because you can't be held for ransom for data you hold somewhere else". Consider this map released by Malwareless. The problem has affected organizations and individuals running Windows XP, an older version of Windows that had some security faults that the ransomware exploited.

Investors should buy Microsoft shares because the recent cyberattacks will spur companies to upgrade to the technology giant's latest operating system, according to Credit Suisse, which reiterated its outperform rating on the software firm.

The worm exploits a Windows defenselessness that Microsoft released a security fix in March and PCs that hadn't refreshed were still at hazard.

Microsoft also issued a security patch for older Windows operating systems that are no longer supported: Windows Server 2003 SP2 x64, Windows Server 2003 SP2 x86, Windows XP SP2 x64, Windows XP SP3 x86, Windows XP Embedded SP3 x86, Windows 8 x86 and Windows 8 x64 directly from Microsoft. However, computers, operators and networks that didn't update their operating systems were still at risk. Microsoft blames governments for storing important data on software that was vulnerable and could be easily accessed by hackers.


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