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  • 11
  • August

WannaCry, Ransomware and Why CIOs Must Prioritize Patching

“WannaCry”- the global cyber-attack in May affected more than 230,000 organizations in 150 countries. The ransomware attack targeted companies and computers using Microsoft Windows OS by encrypting data and demanding high ransom in Bitcoin cryptocurrency. Parts of Britain’s National Health Service (NHS), Spain’s Telefónica, FedEx and Deutsche Bahn were hit severely, even leading to operations being cancelled and denial of treatment to patients. WannaCry ransomware uses a flaw in Microsoft’s software which was discovered by the National Security Agency and leaked by hackers. Ransomware (demanding payment after launching a cyber-attack) is one of the top cybersecurity threats of 2017 and there are several imminent threats and dangers lurking that set the alarm bells ringing.

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