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'WannaCry' ransomware attack: What we know

'WannaCry' ransomware attack: What we know

'WannaCry' ransomware attack: What we know

In the case of WannaCry, the program encrypts your files and demands payment in bitcoin in order to regain access.

"Working through our Microsoft Threat Intelligence Center (MSTIC) and Digital Crimes Unit, we'll also share what we learn with law enforcement agencies, governments, and other customers around the world", the software firm said.

Microsoft has released a security update on 14 March MS17-010 which can fix the glitch.

But he also placed fault in national governments.

Microsoft said the hack was derived from an exploit developed by the NSA that was stolen and leaked to the public earlier this year. Although security firms told us some of their clients have successfully paid the attackers to decrypt their computers, they say the response time is getting slower and slower, as the attackers themselves are likely getting overwhelmed with the staggering number of requests. "An equivalent scenario with conventional weapons would be the USA military having some of its Tomahawk missiles stolen". If anyone is going to be sued, legal experts are saying that it will be the victimized companies. Smith says that's wrong.

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Unfortunately, having identified the flaw, the agency lost the information before it could devise any counter measures, prompting calls from Smith for 'a new requirement for governments to report vulnerabilities to vendors, rather than stockpile, sell, or exploit them'. "We need governments to consider the damage to civilians that comes from hoarding these vulnerabilities and the use of these exploits". Microsoft had issued a patch on March 14, but many computers hadn't run the update. This is something Microsoft has been arguing for a while, but perhaps this recent attack will make organisations like the NSA listen harder.

Microsoft president Brad Smith used Friday's global ransomware attack as a chance to call once more for the nations of the world to create and adhere to a set of Geneva Convention-like rules in cyberspace.

Patch your computers. They should have the latest software update. "Otherwise they're literally fighting the problems of the present with tools from the past", it said.

The company reacted to the attacks with a blog post that is worded strongly, thereby criticizing governments for information about vulnerabilities about cybersecurity as stockpiling and likening the WannaCry attack as some Tomahawk missiles got stolen.

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