Skip to main content

Govt issues critical alert over ransomware threat


No major incident yet in the country, but central bank, stock exchanges, other vital institutions told to bolster defences; companies rush to protect computer systems.The governmentā€™s cybersecurity arm has asked the central bank, stock exchanges, the National Payments Corp. of India (NPCI) and other vital institutions to safeguard their systems against the latest cyberattack that has infected thousands of systems globally and may escalate further.

The Indian Computer Emergency Response Team (CERT-In), the central agency coordinating efforts on cyber security issues, has issued a ā€œcritical alertā€ and has advised the installation of relevant ā€œpatchesā€ to protect against any data breaches.

The virus dubbed Wanna Cry, a so-called ransomware, has locked up more than 100,000 computers and sent cybersecurity experts scrambling on Sunday to patch computers and restore infected ones. Experts fear that the ransomware worm that stopped car factories, hospitals, shops and schools in more than 100 countries could wreak fresh havoc on Monday when employees log back on.

Indian officials, who declined to be named, said no major incident of cyberattack has been brought to the notice of CERT-In yet.

Even so, information security officers and senior executives in charge of running the information technology operations in Indian enterprises have been rushing to protect their computer systems against the attack.

Security experts in the country said that the full extent of damage to systems in India would become known when employees log into their systems on Monday morning.

ā€œThe number of systems being patched (which means a security plug-in is applied to prevent a loophole in software being exploited) in the past 48 to 72 hours in India is unprecedented,ā€ said Burgess Cooper, partner, cybersecurity, at advisory and consulting firm EY India. He said some manufacturing and consumer goods companies in India may be impacted, though there were no confirmed reports at the time of going to press.

A ransomware typically logs users out of their own systems through forced encryption of data and asks them to pay a ransom (in the case of WannaCry, the ransom was demanded in bitcoin, a crypto-currency) if they want to access the encrypted data.

The country most affected by WannaCry is said to be the UK, where 48 of the 248 National Health Service trusts were impacted, causing widespread disruption to health services in the country.

Renault on Saturday said it had halted manufacturing at plants in Sandouville, France and Romania to prevent the spread of ransomware in its systems.Among the other victims is a Nissan car plant in Sunderland, northeast England.

The WannaCry malware, according to CERT-In, spreads ā€œby using a vulnerability in implementations of Server Message Blockā€ in systems running Microsoftā€™s Windows  operating system.

Microsoft released patches last month and on Friday to fix the vulnerability that allowed the worm to spread across networks, a rare and powerful feature that caused infections to surge on Friday.

Code for exploiting that bug, which is known as ā€œEternal Blueā€, was released on the internet in March by a hacking group known as the Shadow Brokers.The group claimed it was stolen from a repository of the US National Security Agency (NSA)ā€™s hacking tools. The agency has not responded to requests for comment.

Though the spread of the virus has slowed, cybersecurity experts warned that the respite may be brief as new versions of the worm were expected.The control of the situation has been attributed to a 22-year-old UK researcher who went by the name of MalwareTech.

According to a report on Forbes.com, the researcher is said to have noted that one of the web domains used by the attackers hadnā€™t been registered. So he registered  the site, took control of the domain for $10.69 and started seeing connections from infected victims, which enabled him to track the ransomwareā€™s spread. This accidentally stopped the malwareā€”at least in the UK.

Mint New Delhi, 15th May 2017

Comments

Popular posts from this blog

GST collection for November rises by 8.5% to Rs.1.82 trillion

  New Delhi: Driven by festive demand, the Goods and Services Tax (GST) collections for the Union and state governments climbed to Rs.1.82 trillion in November, marking an 8.5% year-on-year growth, according to official data released on Sunday. Sequentially, however, the latest collection figures are lower than the Rs.1.87 trillion reported in October, which was the second highest reported so far since the new indirect tax regime was introduced in 2017. The highest-ever GST collection of Rs.2.1 trillion was reported in April. The consumption tax figures highlight the positive impact of the recent festive season on goods purchases, providing a much-needed boost the industry had been anticipating. The uptick in GST collections driven by festive demand had been anticipated by policymakers, who remain optimistic about sustained growth in rural consumption and an improvement in urban demand. The Ministry of Finance, in its latest monthly economic review released last week, stated that I...

Budget: Startup sector gets new Fund of Funds, FM to allocate Rs 10K cr

  The Indian startup sector received a boost with Finance Minister Nirmala Sitharaman announcing the establishment of a new fund of funds (FoF) in the Budget 2025. The minister unveiled a fresh FoF with an expanded scope, allocating Rs 10,000 crore. The initial fund of funds announced by the government with an investment of Rs 10,000 crore successfully catalysed commitments worth Rs 91,000 crore, the minister said.   ā€œThe renewal of the Rs 10,000 crore commitment to the Fund of Funds for alternative investment funds (AIFs) is a significant step forward for the Indian startup and investment ecosystem. The initial Rs 10,000 crore commitment catalysed Rs 91,000 crore in investments, and I fully expect this fresh infusion to attract an additional Rs 1 lakh to Rs 1.5 lakh crore in capital,ā€ said Anirudh Damani, managing partner, Artha Venture Funds.   Damani further added that this initiative will provide much-needed growth capital to early-stage startups, further strengthenin...