International Cyber Attack: Ransomware Cripples Computers Worldwide

Ransomware International Cyber Attack

On Friday, May 12, 2017, the world witnessed a massive cyber-security crisis, with the ransomware software hacking millions of computers across the globe in a matter of hours. The cyber attack was launched on an unprecedented scale and brought individuals and organizations alike to their knees over the weekend, with over 200,000 systems infected by the virus across 150 countries!

The first and most critical victims were the NHS Global trusts of the British healthcare system and Germany’s national railway system. The British National Health Service was shut down for almost a day, throwing operations, treatments, and patient records into havoc. Subsequent reports of hits followed, from countries as diverse as Japan, China, India, Spain, Brazil, and the UK, with massive amounts of information being encrypted for a ransom of US$ 300 per computer. The damage was mitigated to an extent due to the presence of mind of a software researcher from England, who accidentally found and activated the ‘kill switch’ for the malware that would have otherwise spread like wildfire!

Ransomware primarily hijacked Microsoft computers via a major security loophole in the latest Windows update, the information regarding which had been allegedly hacked from the NSA just months ago. Several divergent strains were later observed to have spawned over the weekend, with malicious hackers developing codes that progressively try to override kill switches.

The attack led to widespread panic amongst the global population, with organizations taking drastic preventive measures to protect their systems, should the attack escalate on following days; Renault closed one of its biggest production units in France for the day, as a precautionary measure. However, the tide seems to have slowed somewhat as of Monday, though cyber exerts have predicted another onslaught in the near future.

The Ransomware malware attack is one of the most massive cyber-attacks in the history of cyber-crime. Affecting over 200,000 machines, the malware caused a severe internet crunch throughout the leading nations of the world and has since served as a wake-up call regarding the ever-increasing necessity of strong cyber protection.+

Growing digitization, cloud adoption and IoT will present significant growth opportunity for the ransomware protection market participants

You may be interested

Mobile Health Apps and Solutions Market Industry Insights, Dynamic Growth and Revenue Forecast 2018-2026
Business
Business

Mobile Health Apps and Solutions Market Industry Insights, Dynamic Growth and Revenue Forecast 2018-2026

Albert R - October 19, 2018

Mobile Health Apps and Solutions Market report 2018-2026 focuses on the major drivers and restraints for the key players. These research report also provides granular analysis of…

Drug Abuse Treatment Market – Launch and approval of novel drugs is projected to fuel market growth over the forecast period
Business
Business

Drug Abuse Treatment Market – Launch and approval of novel drugs is projected to fuel market growth over the forecast period

Mohit Joshi - October 19, 2018

Coherent Market Insights released a new market study on 2018-2026 Drug Abuse Treatment Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages…

Elderly and Disabled Assistive Devices Market in the US Market: Business Opportunities, Current Trends, Market Challenges & Industry Analysis By 2026
Business
Business

Elderly and Disabled Assistive Devices Market in the US Market: Business Opportunities, Current Trends, Market Challenges & Industry Analysis By 2026

Albert R - October 19, 2018

The Elderly and Disabled Assistive Devices Market is expected to have a highly positive outlook for the next five years 2018 – 2026 according to a recently…

Most from this category