By Knave Dave
The following article by David Haggith was published first on The Great Recession Blog:
The Wannacry malware that hit like a global mega-bomb, showed everyone how vulnerable we are to a global cyber attack. Billed as “one of the largest global ransomware attacks the cyber community has ever seen,” the infection started in London and then emerged almost instantly in Seattle, New York, and Tokyo. Within ten minutes, the coordinated attack became epidemic throughout the world, covering the better part of every continent but Antarctica. By the end of one day, the malware had infected over 200,000 computers in 150 nations, encrypting all their data and locking the users out.
While the attackers demanded a ransom in order to free hostage computers, the small number of companies that paid the ransom required for unlocking the encryption did not get their data back, raising a question of whether the primary goal was really money or mayhem. (If primary goal was making a lot of quick money, it would make more sense to quickly release data so that more companies would be inclined to pay the ransom, seeing that payment solved the problem.)
This was a cyber attack equal in scale to something …read more