What Investors Should Know Following Ukraine’s Cyberattack A month and a half after the WannaCry attacks, the latest ransomware that rippled through Ukraine and other countries may suggest that now is the time to invest in cybersecurity.
A month and a half after the WannaCry attackswept across 150 countries and infected roughly 300,000 computers, another cyberattack mammoth has rippled through the technology sector.
Early on Tuesday (June 27), it was first reported that banks and companies in Ukraine were “disrupted” by a cyberattack called “GoldenEye” or “Petya,” according to Reuters. Russia was also one of the first countries to be attacked, which included the ransomware encrypting itself in computer software in the country’s largest oil company, Rosneft.
It didn’t take long for the cyberattack to be felt on a global scale as the United States was also slammed with the ransomware. In a separate Reuters article, it stated that roughly 2,000 attacks were “observed” by midday in New York, although Russia and Ukraine were the most affected. Britain, France, Germany, Italy, Poland and, finally the US, were other countries impacted by the attacks.
Reuters further reported that a Ukrainian media company was asked to pay $300 in bitcoin in order to gain access back to its computer files, with a message that read:
"Perhaps you are busy looking for a way to recover your files, but don’t waste your time. Nobody can recover your files without our decryption service"
In a statement issued by the National Bank of Ukraine, the bank said that it had warned banks and other financial markets about an “external hacker attack” on websites of various Ukrainian banks and commercial and public enterprises.
“As a result of these cyber-attacks, banks were forced to restrict the functionality of services provided to customers,” the statement read.
In short, it’s clear to see that cyberthreats aren’t going away anytime soon–which only means that investments in cybersecurity are going to skyrocket for companies and savvy investors. Read Full Article About VirtualArmour
VirtualArmour is an international cybersecurity and Managed Services provider that delivers proprietary solutions to help businesses build, monitor, maintain and secure their networks.
The Company maintains 24/7 client monitoring and service management with specialist teams located in its US and UK-based security operation centers (“SOC”). Through partnerships with best-in-class technology providers, VirtualArmour delivers leading hardware and software solutions for customers that are both sophisticated and scalable, and backed by industry-leading customer service and experience. VirtualArmour’s proprietary CloudCastr client portal and prevention platform provides clients with unparalleled access to real-time reporting on threat levels, breach prevention and overall network security.
VirtualArmour services a wide range of clients – which include those listed on the Fortune 500 – within several industry sectors, in over 30 countries, across five continents.
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