Latest Global Ransomware Attack Hits Ukraine Hard

Businesses around the world are reeling yet again from a new strain of ransomware dubbed “Petya.” The malware is spreading using a the same vulnerability in Microsoft Windows that the software giant patched in March 2017. This is the same bug that was exploited by the recent WannaCry ransomware strain.

Unfortunately many of the corporations that procrastinated putting in the patch were hit with the WannaCry ransomware attacks in May.

While Petya seems to be primarily impacting organizations in Europe, it is starting to show up in the United States. According to multiple news reports, Ukraine appears to be among the hardest hit by Petya. The country’s government, some domestic banks and largest power companies all warned today that they were dealing with fallout from Petya infections.

According to Krebsonsecurity.com, “Danish transport and energy firm Maersk said in a statement on its Web site that “We can confirm that Maersk IT systems are down across multiple sites and business units due to a cyber attack.” (https://krebsonsecurity.com/2017/06/petya-ransomware-outbreak-goes-global/)

If your company is hit with such a ransomware attack, the only way to unlock your files is by paying the criminals with Bitcoin. It’s no wonder that many companies are now reportedly stockpiling Bitcoin in case they need to quickly unlock files that are being held hostage by ransomware. However, there is a better way. Stay up to date with patches and invest in excellent cyber security.

You can be certain that Petya and other ransomware strains will continue to proliferate as long as companies delay patching and fail to develop a robust response plan for dealing with ransomware infestations.

Cyber protection is not a luxury for businesses today: It’s an absolute necessity. VORAS Consulting is partnered with IBM and can provide Watson for Cyber Security. It’s time to take cyber attacks seriously. When you are ready to explore how to take the most effective measures against further imminent future cyber attacks call our offices for a free consultation.