emfizz.com
emfizz.com November 21, 2017


European and Asian businesses lack the cyber insurance to protect against ransomware

19 May 2017, 09:19 | Todd Saunders

Not to mention the fact that those responsible were able to borrow weaponized software code apparently created by the U.S. National Security Agency to launch the attack in the first place.

However, can investors also profit from cyber attacks, something long identified as a "megatrend" alongside the likes of demographics, climate change and urbanisation?

In a blog post on Sunday, Microsoft President Brad Smith appeared to tacitly acknowledge what researchers had already widely concluded: The ransomware attack leveraged a hacking tool built by the U.S. National Security Agency, that leaked online in April.

The company's top lawyer said the government should report weaknesses they discover to software companies rather than seek to exploit them.

"We have seen vulnerabilities stored by the Central Intelligence Agency show up on Wikileaks, and now this vulnerability stolen from the NSA has affected customers around the world", Smith said in a statement. Thankfully, a young security researcher accidentally activated the WannaCry's kill switch by registering the nonsensical domain name it uses to call home.

In Hong Kong, Gazeley said his team had found a new version of the worm that didn't use e-mail to lure victims.

“I think theres going to be a lot of infections Monday morning, ” said Ofer Israeli, chief executive of Tel Aviv-based cybersecurity firm Illusive Networks. "We haven't fully dodged this bullet at all until we're patched against the vulnerability itself".

The attack has left many victims wondering if they should pay the ransom, which in most cases amounts to about $300.

Yates says alarm about Russian blackmail led to Flynn warning
The diplomat's calls were recorded as part of routine US intelligence monitoring of ranking foreign officials. Flynn denied doing so and Pence later issued a similar denial.


Will Smith Defends Netflix As Cannes Streaming Debate Rages
Neither won any prizes, unless you count the Palme Dog awarded to Nellie, the bulldog in Paterson. Director Pedro Almodovar arrives on stage at the 70th Cannes Film Festival .


White House says Trump will hold off on naming FBI director
He lost to a Senate primary challenger in 2006 and only retained his seat after he switched his party to independent. Gore/Lieberman ended up losing the 2000 presidential election to then-presidential candidate George W.


He said an increasing number of healthcare providers are becoming aware of the risks and trying to take action. "We've seen that the slowdown of the infection rate over Friday night, after a temporary fix around it, has now been overcome by a second variation the criminals have released".

Other high-profile victims include hospitals in Britain, the Spanish telecoms giant Telefonica, French carmaker Renault, US package delivery company FedEx, Russia's interior ministry and the German rail operator Deutsche Bahn.

One of the first "attacks" on the internet came in 1988, when a graduate student named Robert Morris Jr. released a self-replicating and self-propagating program known as a "worm" onto the then-nascent internet. Many may click infected email attachments or bad links and spread the virus further.

It was too early to say who was behind the onslaught, which struck 100,000 organizations, and what their motivation was, aside from the obvious demand for money.

Trying to instil confidence among people, electronics and information technology minister Ravi Shankar Prasad on Monday said the ongoing cyberattack by ransomware WannaCrypt had almost zero impact in India. Smith noted that the company released a security update to patch the flaw exploited by the WannaCry virus back in March.

Microsoft took the unusual step late Friday of making free patches available for older Windows systems, such as Windows XP from 2001. Once installed, the malware just locks up that computer without spreading to other machines. "They're just a huge organisation which has had insufficient investment in computer security over the years".

That flaw was exploited by a tool called EternalBlue and patched by Microsoft in mid-March, but those who did not apply the update were still open to attack, resulting in the mammoth attack starting Friday that infected 48 UK National Health Service trusts, FedEx, Telefonica, Renault and Nissan vehicle manufacturing plants, U.S. universities, Russian governments and Chinese ATMs, among many other systems across 150 countries, Bloomberg reported.



Other News

Trending Now

Usmanov Makes $1.3 Billion Bid To Buy Arsenal
A source said to the Financial Times , regarding Usmanov's offer, "Two weeks ago, I thought something could realistically happen". Usmanov acquired his fortune in the metal industry, and is believed to be concerned by a lack of investment in Arsenal .

SNP, Tories and Labour enjoy small gains in latest election polling
In 2011/12, up to 92% of Scottish voters supported staging the first referendum. There was agreement across everyone that this should happen.

Sell-Side Analyst's Predictions: Fitbit, Inc. (FIT), Kate Spade & Company (KATE)
The company's current price-earnings ratio amounts to 16.78 times earnings, below the average P/E ratio of 106.05 times earnings. Finally, California State Teachers Retirement System raised its stake in shares of Kate Spade & Co by 0.8% in the third quarter.

You'll soon be able to dump your mobile provider by text
The body has also introduced a ban on charges after the switch date, which it says will save customers around £10m per year. This means customers would no longer have to pay for their old and new service at the same time after they have switched.

Antonio Conte Won't Confirm Whether John Terry Will Start Against Sunderland
But, despite this, Clement says he will try to bring the 36-year-old former England captain to Wales. It's important to finish the season, to concentrate and reach our target.

Kell Brook Reacts To Amir Khan Helping Spence Ahead Of Their Fight
However, Khan chose instead to pursue bouts against global boxing stars, such as Manny Pacquiao and Floyd Mayweather Jr. He said that Khan has so much drama surrounding him, and always be the subject of the tabloids "for the wrong reasons".

Two Arrested For Deadly Lynn Brick Attack
Police say 39-year-old Sergio Sanchez and a 33-year-old Lynn man were walking to a residence from a city bar at about 1:30 a.m. Investigators announced Friday morning that they arrested two people in connection with the fatal assault.

Trump Proposes Cutting $10 Billion in Public School Funding
Thus far, the budget does not clarify how much of the $250 million would go towards the studies as opposed to the actual vouchers. When it comes to education, those are the swamp critters to watch out for, and budget time is when they're most risky .

Share Activity Lifted for Karelian Diamond Resources PLC (KDR.L) in Session
Royal Bank of Canada now has a PEG ratio of 3.03.Most importantly investors want to know where the stock is headed from here. A stock with a ratio of under 1.0 would be undervalued and a stock with a PEG over 1.0 would be considered over valued.

Better hope there are no 'tapes' of talks
They can make recommendations, but the president will ultimately make the hiring decision. John Cornyn of Texas, the No. 2 Senate leader and a former Texas attorney general.