Fraud News

WannaCry Ransomware Attacks: Hard Lessons For 200,000 Victims

Author: Anas Baig / Source: Information Security Buzz

The EU facing a wide spread ransomware outbreak, most notably within UK’s National Health Service (NHS). Hospitals are rerouting patients and asking them not to come unless it’s a critical emergency.

The type of ransomware making its way through many organizations and industries today is called Wanna Decryptor. The malicious software — known as the Wanna Decryptor, or WannaCry — locks a system and its files from use unless money is paid to hackers.

If you see a screen like this, that’s Wanna:

Researchers are not sure why it’s spreading so quickly all of a sudden. We believe it’s because Wanna exploits a Microsoft Windows vulnerability in the file sharing protocol (SMB – Server Message Block). This protocol has been around for decades but is only accessible once malware gets onto an organization’s LAN (Local Area Network). We believe that it took a while to “seed” Wanna…

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