WannaCry Ransomware: What Happened & How to Protect Your Business from Future Outbreaks
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Beth Wylie Inside Sales Manager
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On June 16th, over 50 people joined our webinar that looked back at the world’s largest ransomware attack, WannaCry. Our VP of Sales and Marketing, Stephen Riddick, led this educational event in which he described what happened, and what you can do to protect yourself from future outbreaks.
First, we’ll explain what Ransomware is.It’s a type of malware that infects, locks or takes control of your IT system and demands a ransom payment to release it.
Ransomware attacks and infects your computer with the intention of extorting money from you. The criminal mandates a ransom via Bitcoin to provide the encryption key. (However, beware—Not all ransom payments result in the unlocking of data.)
41% of ransomware attacks were in the SMB (small-to medium-sized business) space
$200 Million was paid in the U.S.
$75 Billion was the cost of downtime due to ransomware
Ransomware attacks are growing exponentially each month that goes by. It’s a booming business for hackers.
On Friday, May 12, 2017 the WanaCrypt0r ransomware was detected in hospitals in the UK. It then exploded across the globe, impacting tens of thousands of computers in over 150 countries. It was the biggest ransomware attack in the history of the Internet.
The NSA created weapons for the WannaCry Ransomware. Unfortunately, they didn’t notify Microsoft.
Here’s what happened:
NSA discovered the Microsoft vulnerability and kept it as a cyber weapon.
***Plus, there are even more advanced solutions from CSP, Inc.
This is just a brief overview of the situation. If you’d like a more detailed summary and information about how the team at CSP, Inc. can protect your business in or around Lowell, MA, from the next WannaCry or Ransomware Attack, contact Stephen Riddick at: 919.424.2019 or email@example.com