July 27, 2017

Ransomware: WannaCry cyber attack may attack Indian banking system soon, says expert

19 May 2017, 11:05 | Ross Houston

The ransomware took advantage of a flaw in Microsoft's Windows operating system. WannaCry was especially successful because it was able to leverage the spy tools which the NSA developed to monitor the computers of suspected terrorists, an exploit which was leaked last month.

Microsoft Corp President Brad Smith sharply criticized the US government on Sunday for "stockpiling" software flaws that it often can not protect, citing recent leaks of both NSA and Central Intelligence Agency hacking tools. "This is an emerging pattern in 2017".

"An equivalent scenario with conventional weapons would be the USA military having some of its Tomahawk missiles stolen".

Microsoft is blaming the US government.

Information on the vulnerability exploited in the WannaCrypt attack (also called WannaCry, Wana Decryptor or WCry) was reportedly stolen from the NSA in April. Microsoft released a patch for the vulnerability in March. We recommend users proactively update their operating systems, use caution when opening email attachments and enable LiveGrid on your ESET products. Once the hackers were in, they could control everything stored on your computer.

Israel seeks to contain fallout from Trump intel sharing
Comey or anyone else to end any investigation, including any investigation involving General Flynn". And that should make Trump very anxious . "I don't want to read a memo", Graham said.

New S.Korean president vows to address N.Korea, broader tensions "urgently"
He has taken a more conciliatory line with North Korea than his conservative predecessors and advocates engagement. While taking the oath of office Wednesday, Moon said he's open to visiting North Korea under the right conditions.

Trader says he donated Rs 2 cr to AAP, rubbishes Mishra's charges
Mishra dropped another bombshell on friend-turned-foe Kejriwal claiming that the party received money through "hawala network". Mishra further claimed that Mukesh was a bank and Value-Added Tax defaulter, and thus could not donate money to the party.

First noticed on Friday, the WannaCry attack has affected at least 200,000 computers in more than 150 countries, with attackers locking people out of their computers while demanding a Bitcoin ransom.

The ransomware has hit hospitals in the United Kingdom and Telefonica in Spain, according to the Internet Storm Center. The computer screen locks up, and displays two count-down clocks - one displaying the time until the ransom doubles and the other the time until all files are deleted.

Hacker House researcher Matthew Hickey said: "Do not pay the ransom, a manual human operator must activate decryption". Those infected are asked for a payment of $300 in order to decrypt the files on their PCs.

But a MI researcher who helped stop the attack warns that those involved might be able to quickly circumvent the security measures put in place. Because of those successes, the software is already inspiring imitators, as the Bleeping Computer site reports. The Interior Ministry on Monday reported that protective measures have been taken so that the computer systems of the government and related agencies are now well protected. "Otherwise they're literally fighting the problems of the present with tools from the past".

He also compared both WikiLeaks' release of CIA hacking tools in March and the stealing of a Microsoft Windows vulnerability from the National Security Agency last month to the theft of weapons from the US military.

Other News

Trending Now

Is this the 'single greatest witch hunt of a politician'?
Asked if Mueller's appointment would preempt his own request for Comey information, the Iowa Republican replied, "I don't know". In a written statement, Trump insisted anew there were no nefarious ties between his campaign and Russian Federation .

Katy Perry Scared Museum-Goers With A Very Freaky Prank
Patrons of the Whitney Museum are told they are being taken to see an exhibit by Katheryn Hudson , which is Katy's birth name. Katy Perry literally put her head on a platter for a new video and the outcome is all kinds of uncomfortable.

Dave Mustaine dedicates Soundgarden cover to Chris Cornell at gig
The statement said the family would be working closely with the medical examiner to determine the cause and asked for privacy. Chirs Cornell, the lead singer for Soundgarden , passed away late last night in what is being called a probable suicide.

Oil prices fall on slow drain of supplies
In addition to US crude stocks drawing down for the sixth consecutive week, the EIA showed an increase in refining rates. The data also showed the first fall in USA production in 13 weeks, however, which was supportive of prices, he said .

Just Eat PLC's (JE) "Add" Rating Reiterated at Numis Securities Ltd
Numis Securities now has a GBX 166.00 target price on the 273.29 million GBP market cap company or 72.92% upside potential. Worldpay Group plc is a United Kingdom company, which provides a range of technology-led payment services and products.

United States may not ban laptops on European flights after all
Representatives from both groups will meet again in Washington next week. The initial ban has hit Middle Eastern airlines hardest.

Sell-Side Research on MFA Financial, Inc. (MFA), E*TRADE Financial Corporation (ETFC)
Standpoint Research lowered Juniper Networks from a "buy" rating to a "reduce" rating in a research report on Wednesday, May 3rd. Now MFA Financial, Inc.'s current price is $0.88 shy of the official highest sell-side analyst price target on Wall Street.

Europol says global reach of massive cyberattack 'unprecedented'
In total 47 organisations reported being affected by the cyber attack and the disruption will continue into the new working week. The ransomware locks down computers and has been demanding payments of $US300 ($AU406) to $US600 ($AU812) to restore access.

Man United's Romero credits Mourinho for turning a 'nobody' into a star
But Mourinho has ordered for his players to continue their preparations in Manchester before flying to Sweden on Tuesday. However Allardyce insists the game is not as meaningless to Crystal Palace as Mourinho thinks.

Meggitt plc (MGGT) Rating Reiterated by Citigroup Inc
The stock of Spirent Communications Plc (LON:SPT) has "Buy" rating given on Monday, July 18 by Panmure Gordon. It has by 0.00% the S&P500.The move comes after 7 months negative chart setup for the $3.43B company.