Thursday, 14 December, 2017

Second major cyber attack in two months disrupts businesses around world

Hackers strike across Europe, sparking widespread disruption New cyberattack wallops Europe; spreads more slowly in US
Laurie Berry | 28 June, 2017, 17:56

The malicious code locked machines and demanded victims post a ransom worth $300 in bitcoins or lose their data entirely.

The London-listed company, which revealed the problems in a stock-exchange announcement Tuesday, said Wednesday that some but not all of its companies were affected by the attack.

Russia's biggest oil company, Ukrainian banks and multinational firms were among those hit on Tuesday by the cyber extortion campaign, which has underscored growing concerns that businesses have failed to secure their networks from increasingly aggressive hackers.

After WannaCry, governments, security firms and industrial groups advised businesses and consumers to make sure all their computers were updated with Microsoft security patches.

Austria's government-backed Computer Emergency Response Team (CERT) said "a small number" of global firms appeared to be affected, with tens of thousands of computers taken down.

The series of cyberattacks began in Russian Federation and Ukraine yesterday, hitting government and corporate computer systems across the world as the virus spread to western Europe and across the Atlantic.

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Advertising giant WPP said the firm had been hit by a "suspected cyber attack" amid reports hackers had caused widespread disruption to companies across the globe.

"While the terminal operator is taking steps to address the issues disrupting the operations, it is anticipated that there could be bunching of in-bound and out-bound container cargo", it added.

BNP Paribas Real Estate, which provides property and investment management services, confirmed it had been hit but declined to specify how widely it had affected its business.

Speaking on Newstalk this morning, Mr Dwyer, who is CEO of Cyber Risk International, said that nearly every country in the world had been attacked and that we were "only hearing the start of this".

Production at the Cadbury factory on the island state of Tasmania ground to a halt late on Tuesday after computer systems went down, said Australian Manufacturing and Workers Union state secretary John Short.

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