The 3 Things You Need to Know About the Latest Cyber Attacks

A new cyberattack has wrecked havoc in Asia. This cyberattack works like WannaCry recently attacked an Indian terminal, after spreading from the Europe and then the US. A Mumbai based port facility, called the Jawaharlal Nehru Port Trust operated by A.P. Moller-Maersk was recently attacked by the virus. The biggest container port in the country could not identify the shipments.

Cyber Attacks

The new virus is called Petya which is infecting computers and asking for $300 in cryptocurrency before to unlock the device. Such ransomware threats have become very commonplace, threatening businesses around the world. While banks and other financial organizations are trying to secure credit card data, many other businesses are still susceptible to losses.

Global Cyber Attacks Begin

 

Russia and Ukraine based organization have been the worst affected because of the attacks. Russia’s largest crude producer Rosneft was successfully able to avoid serious consequences by switching to backup management. Kaspersky Lab analysts suggested that 2,000 users had been attacked by the virus on Tuesday midday. The virus is spreading in China as well, though no cases of a big outbreak have been reported as of now. In the UK, website of WPP is down and the employees are forbidden from using wi-fi and their devices. Maersk devices could be compromised in the US while Cie de Saint-Gobain in France could also have been affected by the same virus.

A Fake Microsoft Signature

 

The virus has a fake Microsoft digital signature that is allowing it to infect computers and lock them unless a ransom has been paid to the attackers. It uses EternalBlue exploit to spread to various devices. This is the same exploit used by WannaCry ransomware that affected more than 150 countries a few months ago. Ukraine has been particularly hard hit with the virus. Sources from the internal ministry have suggested that the attack was the biggest in the history of Ukraine.

What Happens Next?

 

Verizon suggests that the number of such ransomware attack incidents have increased by 50 percent in 2016 alone. Irdeto director of IoT security, Mark Hearn was concerned about the increasing number of attacks in the recent times. He said, “While this attack directly impacts IT systems, we must consider how the ransomware threat will evolve in the near future to also impact IoT devices and connected cars. If something as simple as system patches are being missed to let ransomware in, the prospect for robust protection of IoT devices does not look good.”