Massive Global Ransomware Attack
From the Emerging Technologies Blog
by Kevin Coleman
UPDATED MAY 2020 - This blog will appear monthly from now on. Today, all organizations depend on technological innovation in order to sustain their existence. Analysis of emerging technologies and identification of those technologies with the greatest potential is essential to being prepared for upcoming projects. The objective of this blog is to establish future oriented technology analysis and insights. This blog was established to provide program and project managers with information about these emerging technologies. These emerging technologies have far reaching repercussions for program and project managers. This blog will jump-start the learning process and allow program and project managers to become proactive.
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Multiple sources say this is the LARGEST Ransomware attack in history!
One US Cyber Security firm estimates total (including productivity reduction) losses due to the WannaCry ransomware is likely to be between $4 and $8 billion!
A massive ransomware attack has struck an estimated 230,000 (5/15) computers/servers in nearly 100 countries (150 as of 5/14). Reports of the attack started surfacing May 12, 2017 and has continued to grow. Basically the malicious software compromises a computer/server or system through a hole in the operating system (a fix was released a short time ago). Once inside the computer/server/system, all the data files are encrypted. When you try to access your computer you get a message that tell you to pay $300 in Bitcoins (now has gone up to $600) by May 19, 2017 or else. What else means is the worse part. They may delete all your data file! Worse yet - they could change the data in those files so you do not know what is right and what has been altered.
The scary part - at the time I am writing this the malicious code known as 'WannaCry' is still spreading!
The scary part II - rumors of a new version of WannaCry without the kill-switch have surfaced!!!
U.S. Department of Homeland Security (DHS) statement.
https://www.dhs.gov/news/2017/05/12/dhs-statement-ongoing-ransomware-attacks
WHAT TO DO NOW
- Update your systems to include the latest patches and software updates.
- Do not click on or download unfamiliar links or files in emails.
- Back up your data to prevent possible loss, whether you are at a home, work, or school computer.
Posted on: May 13, 2017 12:55 PM |
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Comments (6)
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Vincent Guerard
Coach - Trainer - Speaker - Advisor| Freelance
Mont-Royal, Quebec, Canada
Also have a back-up that is not connected!!!!
Karthik T
Senior Engineering Manager| Nike
Bangalore, Karnataka, India
Drew Craig
Sr. Agile & Product Coach| Vanguard
Philadelphia, Pa, United States
Timely huh?
The overly ignored importance of upgrading, patching, and staying current.
Yes... there are number of victims. Thank you for sharing updates.
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It's the old gag: people that pay for things never complain. It's the guy you give something to that you can't please.
- Will Rogers
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