Ransomware WannaCry to attack Indian banking system soon: Cyber expert

Cyberattack continues to spread across the world Monday

Wainwright expressed his fears that the virus could spread across other sectors with particular risks today as most workers return to their desks.

So far there has been no progress reported in efforts to determine who launched the plot.

As a result, numerous organizations such as the U.K.'s National Health Service have found themselves unable to access vital data because their files were encrypted by the cyberattack, which demanded ransom payments in the Bitcoin digital currency to unlock information. Microsoft talking about WannaCry ransomware attack points at government's carelessness.

Secondly, ransomware developers typically provide "customer support" - ways of contacting them to get help in making payments or decrypting files.

This particular application is what we call the WannaCry Ransomware, which asks for at least $300 from the user. He further said that our banks may be affected in a couple of hours.

But it seems that government and European companies avoided most of the losses following the electronic attack by WannaCry, a ransomware, which locked up more than 200,000 computers in more than 150 countries. Now, the question is, how to protect yourself from the WannaCry Ransomware. Activating the domain worked as a kill switch for the malware. Its main element was developed by the NSA, not the hackers - a vulnerability code-named Eternalblue, which allowed the agency to commandeer old, pre-Windows 10 versions of the Microsoft operating system.

The ransomware mixes copycat software loaded with amateur coding mistakes and recently leaked spy tools widely believed to have been stolen from the U.S. National Security Agency, creating a vastly potent class of crimeware.

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NSA does not discuss its capabilities, and some computer experts say the MS17-010 exploit was developed by unknown parties using the name Equation Group (which may also be linked to NSA).

Other tools from the presumed NSA toolkit published by the Shadow Brokers have also been repurposed by criminals and are being sold on underground forums, researchers said. It was patched by Microsoft at the time, but older versions of Windows or those without Windows Update were left open to attacks.

"The problem is that there are a lot of Windows computers out there that either don't have automatic updates enabled or are so outdated that Microsoft has stopped providing security updates altogether", Vox said.

A ransomware called WannaCry has infected tens of thousands of computers around the globe in recent days. This security patch was issued to help avoid spread of the Wannacry ransomware on the thousands of users still now using this dated operating system.

The government held an emergency meeting Saturday of its crisis response committee, known as COBRA, to assess the damage. IT experts were working on these systems.

Among the organisations targeted worldwide have been Germany's rail network Deutsche Bahn, Spanish telecommunications operator Telefonica, US logistics giant FedEx and Russia's interior ministry. Consequently, there is no way for the hackers to actually know who has paid and who hasn't.



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