WannaCry: The Global Ransomware Attack

 In Alten Blogs

As on May 2017, a global ransomware campaign started attacking computers around the world with a ransomware variant called WannaCrypt malware (alternatively known as WCry, WannaCry or WanaCrypt0r), hitting dozens of organizations across the globe. Among the victims are universities in China, Russia’s Ministry of Internal Affairs, National Health Service in the UK, and enterprises including Federal Express, the Spanish telecommunication company Telefonica, French car manufacturer Renault, and more.

In 2016, ransom was the #1 motivation behind cyber-attacks, and that trend has continued to date. In the first four months of 2017, We have witnessed an emerging trend of hackers extorting organizations with ransom letters.

In 2016, ransom was the #1 motivation behind cyber-attacks; half of the organizations were subjected to extortion threat (source). In parallel to the ransomware plague, emerging trend of hackers (and copycats) who extort organizations by posing an imminent threat of a DDoS attack – one out of six organizations was a victim. As IoT botnets have become more powerful, we have witnessed an increase in the number of ransom threats that companies have received in 2017. So far, two hacker groups have risen above the rest: XMR Squad and FancyBear.

If you have any query on cybersecurity, please reach out to us at business@altencalsoftlabs.com

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