Published: Thu, June 29, 2017
Markets | By Erika Turner

Another big malware attack ripples across the world

Another big malware attack ripples across the world

A major cyber-attack dubbed "Petya" hit central banks and many large corporations in Europe, the Middle-East and the United States, creating havoc for employees and customers alike.

In Copenhagen, global shipping firm Shipping company A.P. Moller-Maersk said it had suffered a computer system outage caused by a cyber attack thought it was not immediately clear if it was connected. The country's power grid and weapon supply were hacked and Boryspil airport was hit with an attack as well.

When asked about the impact of the malware attack, Brijesh Singh, Maharashtra state cyber cell chief, said, "The state government's departments such as Customs, Excise etc are not affected in this attack". And law firm DLA Piper said it had taken down its systems in response to "a serious global cyber incident".

"The WannaCry attack and now Petya clearly demonstrate that hackers do not discriminate which type of business they are targeting".

North Korea was a suspect behind the WannaCry ransomware attack, but there is little evidence to suggest Petya is from the same group, particularly as it's more sophisticated.

According to Juniper, the malware does not just encrypt files on a targeted system one by one - it also encrypts the hard drive's master file table (MFT) which renders the master boot record (MBR) useless and the system unable to boot.

Dutch shipping and energy company Maersk similarly reported a cyberattack Tuesday, as did Russia's Rosnoft bank.

The attack locks a computer's hard drive and displays a message demanding payment of $300 in Bitcoin in order to obtain a key to unlock the drive.

Devils select Swiss center Nico Hischier with No. 1 pick
Vegas emerged from the expansion draft with 15 defensemen, and McPhee alluded before the expansion draft to trading some of them. The players who have already arrived in Vegas realize that although they're starting over, they aren't starting from scratch.

But whether perpetrators are caught or not, he says get ready for more ransomware attacks, which he describes as "the new normal".

Kaspersky Lab believes the strain is a "new ransomware that has not been seen before", despite its strong resemblance to Petya. The spy agency has not publicly said whether it built Eternal Blue and other hacking tools leaked online by an entity known as Shadow Brokers. Microsoft issued a patches for the exploits in March.

Regardless the new ransomware is tied to WannaCry, with several security firms confirming that it uses the same Windows vulnerability to spread through computer systems.

Microsoft is continuing to investigate the latest cyberattack and will take necessary steps to protect customers, the spokesperson said. Departments such as America's Homeland Security and Europol are also joining in the investigation, which has equally unsafe implications as the WanaCry assault.

Spokesman Scott McConnell said DHS is "coordinating with our worldwide and domestic cyber partners". Please consider contributing to Eurasia Review, as we are truly independent and do not receive financial support from any institution, corporation or organization.

Factory workers "weren't sure what it was but, as the night's gone on, they've realised there's been some significant attacks around the world", Short said. Furthermore, it can spread to other PCs on the network.

Ukrainian officials pointed a finger at Russia on Tuesday, although Russian companies were also affected. But the company denied its software spread the infection, saying in a Facebook post that an update sent out last week was free of viruses.

Like this: