electronic Global Trade Credit Platform/eGTCP's Blog: Share: How Do I Protect Myself and My Business From Ransomware?

More than 150 countries have been hit by a cyber-attack since Friday. That means it should be treated by governments around the world as a "wake-up call".

Microsoft said software vulnerabilities hoarded by governments had caused "widespread damage".

image credit: internet

The latest virus exploits a flaw in a version of Microsoft Windows first identified by US intelligence.

There are fears of further "ransomware" attacks as people return to work on Monday.

Many firms have had experts working over the weekend to prevent new infections. The virus took control of users' files and demanded $300 (£230) payments to restore access.

The spread of the virus slowed over the weekend but the respite might only be brief, experts have warned. More than 200,000 computers have been affected so far.

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A statement from Microsoft president and chief legal officer Brad Smith on Sunday criticised the way governments store up information about security flaws in computer systems.

"We have seen vulnerabilities stored by the CIA show up on WikiLeaks, and now this vulnerability stolen from the NSA has affected customers around the world," he wrote.

"An equivalent scenario with conventional weapons would be the US military having some of its Tomahawk missiles stolen."

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Media caption firms must patch their systems before Monday morning, Europol chief warns

He added: "The governments of the world should treat this attack as a wake-up call."

Microsoft said it had released a Windows security update in March to tackle the problem involved in the latest attack, but many users were yet to run it.

"As cybercriminals become more sophisticated, there is simply no way for customers to protect themselves against threats unless they update their systems," Mr Smith said.

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