Taking a cyber hit

Taking a cyber hit”

In the face of the new version of the ransomware "WannaCry2.0", which can not be stopped by the so-called "kill switch", Chinese authorities have issued a warning via major web portals, media outlets and university networks in an effort to contain the spread of the ransomware.

Investors should buy Microsoft shares because the recent cyberattacks will spur companies to upgrade to the technology giant's latest operating system, according to Credit Suisse, which reiterated its outperform rating on the software firm.

Chris Wysopal, chief technology officer with software security company Veracode, said that after ransomware attacks, researchers will often infect one of their own machines on objective to see if the key is somehow left in the memory.

Much of the worldwide blame has been put on the NSA, which had created the exploits the virus has used to infect computers.

Once it is finished, users are advised to run an antivirus tool to remove any artifacts of WannaCry that may still be present on their system.

In most cases, the attackers are in countries where the U.S. has no ability to take action unless it wants to pay the country or go to war against them to stop the attack (s).

At this point, there are several ways to stay protected against WannaCry and similar forms of malware, but the most convenient, especially if you're running genuine Windows, is to install the latest updates released by Microsoft.

In a blog posted on Sunday, Microsoft president Brad Smith said "the WannaCrypt exploits [sic] used in the attack were drawn from the exploits stolen from the National Security Agency" and called on governments to treat the attack as a "wake-up call". It was patched by Microsoft at the time, but older versions of Windows or those without Windows Update were left open to attacks.

CBRC also pledged to increase its own cyber security management and risk prevention capabilities, and guide banks to conduct monitoring, assessment, early warning and prevention for similar events. Yet in an unusual step, they released a patch for those older systems because of the magnitude of the outbreak. "People didn't patch and a huge number of those hit were running versions of Windows that were either way out of date or pirated". Instead, it held back a free fix update on machines running older software like Windows XP.

Hundreds of ATMs across India's tech hub remained shut for the second day due to possible virus attack by WannaCry ransomware and cash crunch, said a bank official on Tuesday.

With this attack, Abrams recommends trying to recover the "shadow volume" copies some versions of Windows have.

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