Huge Cyber Attack Reaches 99 Countries, Spread Slows

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By Douglas A. McIntyre Updated Published
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Huge Cyber Attack Reaches 99 Countries, Spread Slows

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[cnxvideo id=”509258″ placement=”ros”]The massive cyber attack that has taken down almost the entire hospital system in the United Kingdom and affected businesses like FedEx that have large global systems, has spread to 99 countries, according to a company that has tracked the extent of the damage. The so-called ransomware also has been detected in 75,000 places.

Avast, which provides free antivirus software, reported that as of 12:15 Pacific time yesterday, “We are now seeing more 75,000 detections of WanaCrypt0r 2.0, in 99 countries.” WanaCrypt0r 2.0 is the name given to the ransomware.

The virus was first detected several months ago:

We saw the first version of WanaCrypt0r in February and now the ransomware is available in 28 different languages, from languages like Bulgarian to Vietnamese.

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The New York Times described the current state of the problem:

Governments, companies and security experts from China to the United Kingdom on Saturday raced to contain the fallout from an audacious cyberattack that spread quickly across the globe, raising fears that people would not be able to meet ransom demands before their data are destroyed.

The global efforts come less than a day after malicious software, transmitted via email and stolen from the National Security Agency, exposed vulnerabilities in computer systems in almost 100 countries in one of the largest “ransomware” attacks on record.

These sorts of attacks have become increasingly frequent and often are aimed at government agencies, large corporations and financial firms. Antivirus software has not been able to build defenses that can keep up with the pace at which hackers create new attacks. So far that has meant the pace of the attacks has quickened and their size has grown.

Reuters reports the spread of WanaCrypt0r 2.0 has slowed because of specific steps taken to block its spread:

Some experts said the threat had receded for now, in part because a British-based researcher, who declined to give his name, registered a domain that he noticed the malware was trying to connect to, limiting the worm’s spread.

“We are on a downward slope, the infections are extremely few, because the malware is not able to connect to the registered domain,” said Vikram Thakur, principal research manager at Symantec.

“The numbers are extremely low and coming down fast.”

However, the news agency indicates that the ransomware could be modified enough for it to return in force.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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