Tech CEO on Preventing Ransomware and Other Malware Disasters
Preventing Ransomware and Other Malware Disasters

The hacker designs his malware to go after known flaws in the most common platforms.

 

Editor’s note: This is part one of a two part series. Part two will cover Preventative Measures: There are five steps that organizations can take to minimize the risks of malware attacks. 

The WannaCry Ransomware attack that crippled hospitals, universities, manufacturers and government agencies in Britain, China, Germany, Russia, Spain and 145 other countries and more than 300,000 machines has awakened, at least temporarily, the awareness of the need for effective cybersecurity.

Small business owners and IT executives must recognize that robust malware detection and prevention policies and procedures are multi-faceted and multi-layered – addressing applications, devices, infrastructure, networks, personnel, and systems.

The burgeoning ransomware business as well as the growth in other malware attack vectors also demands that management perform an independent assessment of controls and frequency of controls regularly and after any significant attack.  

WannaCry Ransomware attack

The successful WannaCry Ransomware attack has once again made malware a Board-level conversation.

Although tens of thousands of institutions were impacted by the WannaCry worm, it is just one of thousands of malware assaults that have been plaguing end user devices and IT systems for decades. The attacks are not going away – instead they are getting more sophisticated and occurring more frequently.

The threat from ransomware alone continues to grow, with some experts estimating that up to 40 percent of all email spam contains ransomware.

WannaCry targets

According to Kaspersky Lab, 98 percent of the WannaCry targets were using a version of Microsoft Windows 7, which is the most popular Windows OS in use today (48.5 percent market share) and why it was specifically targeted. Windows 10, which is the second most popular desktop operating system with a 26.3 percent market share, was virtually unaffected by the worm.

Microsoft had put out a critical security patch to address the specific security flaw used by WannaCry earlier this spring but victims had failed to install the patch.

Next page: The popularity of ransomware and What is Ransomware?

RELATED POSTS

15 Technology Trends That Will Help Your Business Grow in 2022

15 Technology Trends That Will Help Your Business Grow in 2022

Understanding what technology brings to our life is a way of “reading the future.” Learning about the opportunities that will help our businesses thrive and the threats they may be facing is imperative. The global and most comprehensive analysis of the tech trends for...

Polls

Sign Up for the Latin Biz Today Newsletter

Video Gallery

PR Newswire

Featured Authors

avatar for Juanita OlguinJuanita Olguin

Juanita is co-founder of Smarter Biography...

Being Yourself is the Most Powerful Thing You Can Be

Money

Talent/HR

Legal

Marketing

What Are You Really Selling?

What Are You Really Selling?

Are you missing out on sales because you are selling the wrong thing? I walked up to the counter at my favorite local coffee shop. The young girl behind the counter with a beaming smile, looks me in the eye and says. “How are you doing today?” At first I was taken...

Strategy

Fashion

Food

Music

Sports

14 Takeaways From the World of Sports Business

14 Takeaways From the World of Sports Business

Check out these quick snapshots across the sports industry in May 2022 Welcome! Well, I am apparently over my anger about the baseball lockout. Yes, I am following the game to a degree, especially because the Mets are off to a good start. The New York Yankees are also...

Innovation

Work, Life & Culture

Culture

Health & Fitness

Travel & Destinations

Personal Blogs

Latin Business Today

Pin It on Pinterest