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CREDIT SUISSE: The WannaCry ransomware attack could give Microsoft's stock a boost

CREDIT SUISSE: The WannaCry ransomware attack could give Microsoft's stock a boost

Companies often release software updates to fix vulnerabilities that can be exploited to install ransomware.

Bank officials, however advised customers to avoid online transactions till further notice due to uncertainty over the impact of ransomware on internet banking. "Users must update the patch MS-17010 provided by Microsoft using the source link http://technet.microsoft.com/en-us/library/security/ms17-010.aspx". Updating your operating system through timely updates is also good practice because it will keep you one step ahead in protecting your system from an impending attack.

A similar attack on the specialized control systems that run local infrastructure could be even worse.

But there's a reason you're not actually hearing much about individuals suffering from WannaCry. "That's the immediate new frontier with this type of hacking". "The struggle for smaller firms is they don't necessarily have the resources to call in experts to clean up their networks in the aftermath of an attack such as this". There were about1.5 billion smartphones sold past year, according to research company Gartner, Inc.

The ransomware, called WannaCry, targeted businesses running outdated Windows machines.

A decade-old form of malicious software known as ransomware has been making headlines after cybercriminals hijacked hundreds of thousands of computers worldwide.

When security updates are issued, they tend to be adopted pretty quickly through automatic updates on iOS or Android. As mentioned above, sensitive data can be found on all computers but if you do not have a backup ready to be deployed in case you become a victim of the WannaCry malware, then that is where you will have to make a hard choice.

That appears to be less of an issue for most smartphone platforms.

WannaCry ransomware which affected operations at the U.S. health care system and French vehicle maker Renault, appears to have had less impact on corporate India's operations.

What else might be the next battleground for ransomware?

While investigating the attack, he noticed that the malware was trying to contact a specific web address each time it infected a new computer, and that the web address it was trying to contact had not been registered. (Whether or not you see this as a good and necessary thing likely has a lot to do with your opinion of whether the NSA too often prioritizes its ability to hurt adversaries over the privacy and safety of USA citizens or over the privacy and safety of people in general).

WanaCryptor 2.0 is only part of the problem.

"Manufacturers are promising support for perhaps three years".

What the attack has really brought to light is that it's going away too slowly, and that needs to change. "They're just a huge organisation which has had insufficient investment in computer security over the years". And that's not it, you should be very careful from who you get the emails from.

"The size of the outbreak is indicative of the number of machines out there which have not been patched with security updates". Or, if you have a back up, you can restore your device from that.

If your devices can update themselves and download security updates automatically, use those features.

China's cyber authorities have repeatedly pushed for what they call a more "equitable" balance in global cyber governance, criticising USA dominance.