Yet Another Computer Virus Rattles Businesses Around the Globe

Computer Virus

Only a month ago, various parts of globe witnessed the wrath of the malicious WannaCry ransomwere, bringing tens of thousands of businesses to a halt. A similar event has occurred again, reportedly a deadly computer malware unleased havoc on enterprises around the globe. As per online sources, its impact was felt in more than 60 countries, disrupting ports form Los Angeles to Mumbai and paralyzing business operations at several places. According to some reports, economic losses that are estimated from this fresh attack and the one in the last month is likely to stand at combined total of $8 billion.

The figure mentioned above only goes on to suggest the sheer challenges businesses around the globe face from the rising intensities of cyber-attacks that severely disrupt computer networks offline. Paralyzed systems can be a massive blow to revenue generation, which of course does not go down easy with business executives. This new virus is being called as Petya or GoldenEye by researchers. Some of the reports suggest that the virus infected systems that were downloading new updates of the popular tax accounting package as well as PCs of visitors of a local news site.

Following a similar pattern of WannaCry ransomware, the new virus encrypts malicious data on systems and demands the victim a ransom fee for the recovery. Expert suggest that the attack started in Ukraine and then spread into other parts of the globe, on its course it disrupted a large number of computer systems across Ukraine. Reportedly, virus uses powerful wiping software, which makes data recovery almost impossible. The main objective of the virus seems to erasing all the data form the machines rather than charging hefty ransom on victim. In addition, the malicious malware was able to control a special code known as “Eternal Blue”, which some suggest is created by the U.S. National Security Agency. Eternal Blue was reportedly a part of a hacking tool package, which was stolen from the agency and leaked online by an anonymous hacking group. Meanwhile, victims of this fresh attack were some of the international firms with operations in Ukraine. Some of the popular firms that were reported to be effected by the malware Saint Gobain a leading construction materials company based in France, Mondelez International Inc, which also owns the popular chocolate brand Cadbury and Mondelez International Inc. One of the facilities of Cadbury in Australia reportedly came to halt few hours after the attack.

About Suyog Keluskar 17 Articles
Suyog Keluskar is an experienced Market Research, Customer Insights & Consulting professional, covering latest industry and market updates on Electronics, Semiconductor and ICT domain. With over ten years of experience in business/market research, Suyog delivers customer-centric assignments in market-entry, market expansion, partner identification, competition analysis, market sizing, industry insights and customer intelligence studies. When Suyog is not busy unraveling the consumer mind or unearthing market potential he can be found traveling the road less traveled with a fascinating book on contemporary history in his hand. An avid cricket fan, music lover and you will also find him discussing politics with his friends and peers more often.