Reversing the Threat of WannaCry Cyber Destruction

Reversing the Threat of WannaCry Cyber Destruction

HolistiCyber Offers Protection Against WannaCry Ransomware

In May 2017 what is believed to be the biggest ransomware campaign yet hit hundreds of companies around the globe. Identified as a variation of WannaCry ransomware, it blocks access to the victim’s computer system and files and demands a payment of as much as US$300 per computer to unblock it. Once a single computer is infected with the ransomware, it searches for other vulnerable computers in the network and infects everything in its path. Because of vulnerabilities in Microsoft products after a Windows exploit was recently hacked from the NSA, the dangerous campaign is spreading at an astounding pace. In only a few hours more than 45,000 computers in at least 74 countries were infected.

Cyber Attacks Could Bring the World to Its Knees

This particular attack affected 16 UK hospitals to such an extent that they had to shut down work. In Spain over 85% of the country’s main telecommunications firm Telefonica was infected. These hackers are turning out to be a powerful global threat. With cyber attacks not only increasing in frequency but also in severity, it is becoming clear that significant investments in cyber defence technologies should be made. End-to-end holistic cyber security solutions have to be implemented to ensure safety from this massive threat.

World-Class Cyber Protection

HolistiCyber delivers integrated defence options with the express aim of keeping clients safe from highly sophisticated hackers. I co-founded the company in 2016 together with brigadier general Ran Shachor and former air force officer Moshe Ishay. All employees are former military intelligence, both Israeli and American. As a company, we focus on developing cyber solutions for advanced protection against cyber attacks on a wide variety of fields including the insurance industry, credit companies and more. Our main markets are the US and Europe. With a comprehensive service portfolio, HolistiCyber is equipped to identify, prevent and neutralize all major security threats.

How Big Is the Threat Posed by Ransomware?

How Big Is the Threat Posed by Ransomware?

How worried should we be about the threats posed to our homes and incomes by the new kind of computer virus known as “ransomware”? The recent, very high-profile series of attacks in which over 150 different countries were targeted by the form of the ransomware virus known as “WannaCry” have made this question seem very urgent indeed. Essentially, these attacks have made us far more conscious of how much we are at risk from the nefarious activities of cyber criminals. According to some, the WannaCry attacks may even mark the start of a whole new era, one in which hackers have become dangerously adept in the art of finding vulnerabilities in our online security systems. New levels of interconnection mean that we need to be more aware of our cyber security needs and ready to apply all necessary measures quickly and effectively.

Cyber Security and Its Future

When certain Microsoft Windows operating systems were hit by the recent wave of WannaCry attacks, users found that ransomware had been downloaded onto their computers and that this malicious software computer under attack was preventing them from accessing their computer systems. The cyber criminals responsible for these attacks instructed their victims that they would have to pay via the cryptocurrency known as Bitcoin if they wanted to regain access to their computer systems. Microsoft spokespersons were keen to say that the U.S. government was to blame for these failures of cyber security, but others point out that, with its commercially driven software updates, Microsoft itself helped to create the vulnerabilities that the cyber criminals exploited.

The ransomware attacks raise profound questions. Will cyber insurance become a big business? If so, how is it even possible to assess the financial value of data? Will governments now have to provide funding to defend their citizens against cyber criminality?