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Cyber security companies boosted by hack concerns

19 May 2017

Named WannaCry (also known as WannaCrypt), the ransomware has infected computers in hospitals, businesses, and homes.

The WannaCry attack took over computer systems, caused them to freeze, and displayed the message, "Oops, your files have been encrypted!" That prompted the company to issue another patch on Friday for older and unsupported operating systems such as Windows XP, allowing users to secure their systems without needing an upgrade to the latest operating software. "It would arguably be knowingly negligent to let those systems stay in place".

The U.K. government's cyber office put it succinctly: "T$3 he way these attacks work means that compromises of machines and networks that have already occurred may not yet have been detected, and that existing infections from the malware can spread within networks".

"In our research, we found that a large percentage of attacks globally by WannaCry happened in India and the country was third on the total number of attacks", said Altaf Halde, Managing Director of Kaspersky Lab, South Asia. "That's liability to individuals, consumers and patients". A lot of organisations and individuals in India still rely on the Windows XP. The reason is WannaCry Ransomware attack will take place soon after they modify the WannaCry Decryptor.

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Microsoft released patches for these versions of Windows, despite them having reached end-of-life.

But the software giant only sent the free security update - or patch - to users of the most recent version of the Windows 10 operating system, the report said.

Shadow Brokers's identity still remains a mystery, albeit security experts think the group could be tied to the Russian government. LinkedIn settled for $1.25 million in 2014. It said that the USA had "no credible evidence" to support a ban on Chinese tech companies in the US following the cyberattack. It is the most high-profile cyber-attack.

"It isn't clear that there has been a harm to consumers", he said. But many corporations don't automatically update their systems, because Windows updates can screw up their legacy software programs.

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Microsoft itself is unlikely to face legal trouble over the flaw in Windows being exploited by WannaCry, according to legal experts.

WannaCry exploits a Windows vulnerability codenamed EternalBlue, which has been patched by Microsoft in an update deployed on March 14. Courts have consistently upheld those agreements, he said.

"This area of law has been stunted in its growth", he said. "When a design flaw is discovered in a auto, manufacturers issue a recall".

But he also blamed the governments.

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Cyber security companies boosted by hack concerns