Client Alert: WannaCry Ransomware Crisis: Lessons Following the Tears
On Friday, May 12, 2017, a ransomware dubbed “WannaCry” claimed hundreds of thousands of victims in at least 150 countries. It demanded a payment of at least US$300 to release files and data, or to recover computer access.
The ransomware exploited a vulnerability in machines running older, unpatched versions of the Windows operating system.
Reported victims of the ransomware include commercial entities, telecommunication providers, government agencies, and even emergency service providers.
One clear lesson as we look to deal with the next cyber crisis is that technological infrastructure is more fragile than previously thought. That means firms need to consider the growing risk of business interruptions resulting from cyber incidents.