Ransomware WannaCry to attack Indian banking system soon: Cyber expert

Microsoft's Silicon Valley Center in California

Stock exchanges - the BSE and the NSE - have advised trading members to undertake "appropriate actions" tackle any threat from the ransomware WannaCry, which has hit computers and networks across the world. It locks the user out in order to prevent them from accessing any saved files until they pay a certain amount of money. The affected groups include the United Kingdom hospitals, FedEx, a Spanish telecom, the Russian Interior Ministry and much more.

You convert your dollars to bitcoins, - the crooks are happy to explain how to do that and how to pay them, - and then maybe, if there is really honor among thieves, you might just get your files back. As one can imagine, the virus had the potential to cost many lives. He said the government has not ruled out that "we haven't ruled out that this is a state attack".

Apple's Mac computers were not targeted by this ransomware attack so are clear. But older systems, including Windows XP which hasn't seen official support since 2014, were still vulnerable. Numerous organizations that were affected, such as the NHS, were running on obsolete software and did not update their computers to the most recent security updates.

WannaCry has proven so nasty and ubiquitous that Microsoft took the unusual step of releasing security fixes for long-abandoned operating systems, including Windows XP and Windows Server 2003, since they are still widely used in some corners of the world and WannaCry has been a worldwide problem. Clearly, their lack of responsibility caused their patients to suffer, and unfairly so.

Egyptian President: Trump Is 'Capable of Doing the Impossible'
The meeting symbolised Sisi coming in from the cold, after years of being kept at arm's length by Washington. Trump responded "I agree!" drawing chuckles from aides present in the room.

It's a wakeup call for organizations that are using outdated software, argues Credit Suisse analyst Michael Nemeroff.

WannaCry uses an exploit known as EternalBlue-developed by the US National Security Agency (NSA) and leaked online past year by a group calling itself the Shadow Brokers.

Microsoft called the incident a "wake-up" call for governments and customers to take security seriously, but in a letter to the Times Sir David Omand, GCHQ director from 1996 to 1997, pins the blame squarely on the technology firm for failing to maintain support for its ageing Windows XP platform.

WannaCry seems to have attacked computers in Russian Federation first, after which the ransomware quickly spread to as much as 150 + countries and affected Microsoft computers. The extensive damage done during the course of the hack shows the importance of addressing security flaws and creating the policy to prevent such exploitation in the future.

Related News:

  • Trophy hunter dies after wounded elephant crushes him in Zimbabwe

    Trophy hunter dies after wounded elephant crushes him in Zimbabwe

    When another hunter fatally shot the elephant, which collapsed on top of Botha, according to Afrikaans news site Netwerk 24 . Botha was a pioneer of Monteira hunting, in which packs of dogs are deployed to chase deer and boar towards hunters.
    McDonald's to collaborate with Uber to deliver food in US

    McDonald's to collaborate with Uber to deliver food in US

    McDonald's in other cities will be added in the coming months, according to a press release. Among the selections include Tito's, Don Julio, Stella Artois and Dom Perignon.
    5 ways to become a smaller target for ransomware hackers

    5 ways to become a smaller target for ransomware hackers

    The UK government called a meeting of its crisis response committee, known as Cobra, to discuss how to handle the situation. The company did issue a patch for Windows XP, but has otherwise largely stopped issuing updates for the software.
  • Trump Proposes Deep Cuts To Social Safety Net Programs

    Trump Proposes Deep Cuts To Social Safety Net Programs

    Labor to implement investment adviser rule GOP senators bristle at Trump's Medicaid cuts MORE planned, is "not inconsequential". If you're on disability insurance and you're not supposed to be - if you're not truly disabled, we need you to go back to work.

    Former CIA director worried about Russian meddling

    A group of Democrats on the Senate Banking Committee has voted against confirming a high-ranking Treasury Department official. He said the Russian official denied such interference but also said he would relay the concern to President Vladimir Putin.

    OPEC crude production rises in April - IEA

    The IEA maintained its 2017 global oil demand growth forecast at 1.3 million b/d, with demand reaching 97.9 million b/d. Data also showed OPEC is estimated to have earned more in Q1, 2017 while pumping fewer barrels.
  • Billionaire Usmanov made $1.3 billion offer for control of Arsenal

    Kroenke has long maintained his investment is on behalf of his family for the long term and he sees it as being for generations. This breaking news story is being updated as more information emerges - please refresh the page for the most recent version.
    Kane scores 4 as EPL runner-up Tottenham routs Leicester 6-1

    Kane scores 4 as EPL runner-up Tottenham routs Leicester 6-1

    The home side thought they had found a foothold in the game when Chilwell was gifted his first Leicester goal in the 59th minute. Jokes aside, the 23-year-old had the ideal outing, taking command of the Golden Boot race with a four-goal display.

    Ford gets ready to cut jobs

    Ford said last August it planned to double its Palo Alto staff, which would mean hiring more than 100 researchers and engineers. The auto maker also has around 25,000 employees in Asia, but there are no figures on how many of these are salaried.
  • Gritty Celtics stun Cavaliers to reduce series deficit

    James was ineffective, scoring just 11 points on 4-of-13 shooting with six turnovers. "I'm focused on Game 4". Fans who think Boston pulls off the upset again should consider their +1,400 price as an underdog.
    United States  stay is extended for 58K victims of 2010 Haiti natural disaster

    United States stay is extended for 58K victims of 2010 Haiti natural disaster

    Temporary Protected Status was given to Haitians living in the United States after a 2010 quake devastated parts of that country. Department of Homeland Security (DHS) officials announced the extension of so-called temporary protected status (TPS) on Monday.
    Kylie Jenner & Travis Scott Are Reportedly About to Get Super Serious

    Kylie Jenner & Travis Scott Are Reportedly About to Get Super Serious

    Last week, E! Entertainment released the first look teaser at the new reality show titled " Life of Kylie ". Scott and other notable celebs have showered Kylie with some likes on her newest Instagram pics.


Most liked

Comey agrees to testify before Senate Intelligence Committee in open hearing
He repeated that during a brief news conference Thursday but left some room for other members of his administration. The Times reports that White House Press Secretary Sean Spicer did not dispute the version of events.

IndyCar 500: Drivers Dixon, Franchitti robbed at gunpoint
IndyCar driver Tony Kanaan told reporters that Dixon was making a food run for a group of drivers, including himself. Dale Coyne Racing's No. 18 auto , with replacement driver James Davison , will start from the back of the field.

Westpac has worked out how much the bank levy will cost shareholders
The bank says the exact cost depends on the final form of the legislation passed and the composition of Westpac's liability. Finance Minister Mathias Cormann earlier rejected calls to extend the levy to include foreign banks.

Allardyce says Sakho deal must make financial sense for Palace
I'm not criticising the FA because they felt they needed to make a decision. "If Yohan is not 100 per cent I won't play him". It was a gut wrencher, that". "I haven't spoken to Roy".

Spicer: Sally Yates Was A "Strong Supporter" Of Hillary Clinton
Spicer described Yates, who was an Obama appointee, as "someone who is not exactly a supporter of the president's agenda". Over the next several days, Yates proved that she was hostile to the President's agenda and was terminated.

Mauricio Pochettino pulls no punches after West Ham loss, admitting 'champions win'
Spurs have just come off a run of nine consecutive wins in one of the most competitive leagues in the world which is no mean feat. But Tottenham's title hopes were in tatters after 65 minutes as West Ham opened the scoring.

Moscow says US coalition strikes on Syrian forces 'unacceptable'
An earlier chemical weapons attack that killed more than 80 civilians is thought to have been launched from there. Last summer, Syrian fighters trained by the USA who operated out of al-Tanf were bombed by Russian jets.

Sensex signs off week above 30000 post GST rate anouncement
Japan's Nikkei was down 0.16 per cent, Hong Kong's Hang Seng advanced 0.15 per cent and Taiwan Weighted was down 0.04 per cent. FMCG stocks hogged the limelight after the GST Council fixed rates for most of the items.

Will deal with only triple talaq due to paucity of time: SC
The bench is headed by Chief Justice of India Justice J S Khehar and has four other senior judges. But we are not here to tinker with religion, tenets of religion and religious practices.

Skipping your beauty sleep may make people avoid you
Basically, when you see someone who looks sick, the last thing you want to do is hang out with them. Two subjects were even rated as more attractive in their sleep-restricted photos.

NASCAR's Aric Almirola out 8-12 weeks with broken back
Almirola was involved in a fiery crash during Saturday night's NASCAR race at Kansas Speedway. Regan Smith will drive the No. 43 Smithfield Ford in this weekend's Monster Energy Open Race.

Maria Sharapova to play in Wimbledon qualifying at Roehampton
But Sharapova has now signed a two year deal with the Lawn Tennis Association to participate at Birmingham's Aegon Classic. Sharapova won her first grand slam singles title at Wimbledon in 2004, surprising Serena Williams in the final.

Aishwarya Rai Is Killling It At The Cannes Film Festival
And if you're an Aishwarya Rai Bachchan fan, you don't have to wait too long now to see the icon light up the French Riviera too. She promoted the film at Cannes the year it released, accompanied by co-star Shah Rukh Khan and director Sanjay Leela Bhansali.

What time is it? Who has qualified? Who can England face?
Our detailed planning for the group, and the tournament, starts now. "We are going to have to be bulletproof at the World Cup". Reigning world champions New Zealand and struggling South Africa will also meet in a repeat of the 2015 semi-finals.

Jose Mourinho already has Europa League final squad in mind
The former Germany captain recently spoke of his frustration at playing at a lower level of football. Winning that competition carries entry into the Champions League group stages.