Ransomware is a threat to businesses, especially those that do not have strong cyber security.
Small and medium-sized enterprises (SMBs) are more vulnerable than others. Companies must maintain their systems safe and up to date since ransomware takes advantage of flaws in out-of-date Windows operating systems.
Moreover, When businesses experience a ransomware attack, it can impact their reputation and the trust of their customers. Even if they can recover from the attack, rebuilding trust and reputation can be challenging.
The WannaCry ransomware is a highly dangerous type of malware. It is notorious for its ability to spread quickly through a network by exploiting vulnerabilities in Windows computers. In fact, it is responsible for causing one of the most notorious malware infections in history.
In this article, We will talk about WannaCry Ransomware, how it attacks your computers and what security measures a company should take to prevent the wannaCry ransomware attack.
The WannaCry attack happened because of a Microsoft Windows vulnerability exploited using an EternalBlue hack. This hack was developed by the United States National Security Agency and was made public by a group of hackers called the Shadow Brokers.
The WannaCry attack affected many individuals and organisations who had neglected to update their operating systems despite a security patch available nearly two months before the attack.
The WannaCry virus is different from other ransomware attacks because it can spread on its own without any help from users. This virus infects computers by installing a program called the DoublePulsar dropper and then makes copies of itself while searching for vulnerable computers to infect. Unlike other ransomware attacks, this virus does not rely on tricking people into downloading it.
On Friday, May 12th, 2017, the news was dominated by a cyber attack that had widespread effects. Hospitals in the UK could not access their systems, leading to patients being turned away.
Car factories in France had to shut down, and a Spanish telecommunications company instructed their employees to shut down their computers.
This was caused by WannaCry, a massive hacking attack that affected computers worldwide, causing chaos. Within two days, over 200,000 computers in 150 countries were affected.
However, the attack did not seem to cause much long-term damage, and the hackers only made about $100,000. This was one of the largest and most peculiar computer attacks ever witnessed.
WannaCry caused financial damages and revealed security vulnerabilities in outdated Microsoft Windows systems. Fortunately, a British security researcher found a "killswitch" that prevented the malware from attacking many US companies. Despite this, WannaCry still managed to infect more than 200,000 machines worldwide. The virus's rapid spread surprised cybersecurity experts.
Therefore, The incident brought attention to the continuous difficulty of patch management in big businesses, highlighting the necessity of preventative cybersecurity measures.
Cyberattacks not only harm a company's health but also its operations, finances, and reputation.
WannaCry affects individuals and businesses by infecting a victim's computer and encrypting its contents. It proliferates quickly, taking advantage of holes in out-of-date Windows computers to cause extensive interruptions to crucial systems and data loss.
The impact of the assault goes beyond the initial infection and may result in extended downtime and recovery efforts for the impacted businesses.
The WannaCry cyber attack caused significant financial damage worldwide. The estimated cost to companies for disruptions and recovery expenses is billions of dollars. This attack also caused serious reputational damage to affected companies. Following a high-profile hack, companies may lose the customer's trust, which is a major concern.
However, companies are now using updated versions of Microsoft Windows with a security patch. But still, taking preventive measures is necessary to avoid these dangerous cyber attacks.
With Data and network security, companies and their employees must be vigilant and create a strong security system. Try these best practices:
Watch out for phishing emails; don't click on links or open attachments from unidentified senders. Update your email client software often to stop hackers from exploiting security flaws. For further security, use email authentication methods like DKIM, DMARC, and SPF.
To restrict which apps may be downloaded and run over the network, use whitelisting.
Use tools such as Windows AppLocker to add programs and URLs to a whitelist or blacklist.
Give all network users priority regarding endpoint detection and response (EDR) or endpoint protection platforms (EPP). You can use real-time security warnings, data encryption, intrusion detection, antivirus, and anti-malware.
Adopt policies for role-based access control (RBAC) and verify users using two-factor or multi-factor authentication.
Keep an eye out for vulnerabilities, regularly review user rights, and develop new security procedures. Usesandbox testing to evaluate the efficacy of security safeguards against malicious code.
End users and staff should get security awareness training to identify and steer clear of any dangers.
Discuss using strong passwords, staying aware of phishing communications, and keeping your systems up to date.
Using network segmentation, block SMB ports (TCP 139, 445, UDP 137, 138) both internally and externally at internet boundaries.
Honda Motor Company's Sayama Plant in northwest Tokyo temporarily stopped producing cars after discovering WannaCry ransomware in the plant's computer network. Honda was able to contain the malware, restore production, and put strong cybersecurity procedures in place despite the initial interruption. With haste, the organisation installed security upgrades, cleansed impacted computers carefully, and closed Windows ports on its firewall. The event demonstrated how critical it is to respond to ransomware threats swiftly and decisively.
WannaCry particularly targeted 55 traffic cameras run by outside company Redflex in Australia. While acknowledging the virus's existence, Victoria Police reassured the public that the integrity of the camera system was unaffected. The event highlighted the wide variety of systems susceptible to ransomware attacks, highlighting the need for thorough cybersecurity measures outside typical IT networks.
The WannaCry ransomware attack is a clear indication of the dangers that businesses are exposed to, and individuals and organisations must take proactive measures to prevent, respond to, and recover from potential attacks. The purpose of this guide is to provide insights and tools to enhance cybersecurity readiness.
Real-world events, such as the WannaCry attack on Honda and the hacking of traffic cameras in Australia, underscore the importance of having effective cyber defences in place. Tata Communications is a leading provider of comprehensive communication solutions equipped to help businesses defend against evolving cyber threats.
The reappearance of WannaCry emphasises the dynamic nature of cybersecurity and the value of taking preventative action. With its cutting-edge cybersecurity solutions, Tata Communications is a dependable partner for businesses looking to be resilient in the digital era.
Tata Communications is a reliable partner for businesses looking to strengthen their digital future by providing innovative solutions for navigating the dynamic threat landscape. By working together, we can create a linked and safe society that guarantees everyone has access to a robust cyberspace.