New Ransomware Attack Cripples Computers Worldwide

Photo of Paul Ausick
By Paul Ausick Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
New Ransomware Attack Cripples Computers Worldwide

© Thinkstock

A new ransomware attack similar to the WannaCry malware released last month was launched Tuesday, targeted first at governmental networks in Ukraine and Russia and then spread quickly to companies including Russian oil giant Rosneft and U.K. advertising firm WPP. Cybersecurity experts say the attack is a new form of the Petya ransomware that exploits a vulnerability in Microsoft Windows for which the company released a patch in March of this year.

The attack locks a computer’s hard drive and displays a message demanding payment of $300 in Bitcoin in order to obtain a key to unlock the drive.

Among the most affected companies is Danish shipping firm AP Moller-Maersk, the world’s largest container shipping company, which said customers are unable to use the firm’s online booking tools and that internal computing systems have closed down. Affected ports include the Port of New York and New Jersey, the largest port on the east coast, and Europe’s largest harbor at Rotterdam.

[nativounit]

According to cybersecurity website KrebsOnSecurity, Symantec has confirmed that the Petya malware uses an exploit called “Eternal Blue” that is believed to have been developed by the U.S. National Security Agency and was leaked online in April by a hacker group that calls itself the Shadow Brokers.

Microsoft released a patch for the exploit in March, but many companies have apparently failed to apply the patch, and among those were firms and individuals hit by the WannaCry malware attack in mid-May.

Nicholas Weaver, a security expert at the University of California, Berkeley, told KrebsOnSecurity that the Petya virus was “well-engineered to be destructive while masquerading as a ransomware strain.” The ransom note uses the same Bitcoin address for all victims, unlike most ransomware attacks that create a unique payment address for each victim. Petya also gives victims an email address with which to communicate with the attackers, again unlike other ransomware attacks that specify that victims use the Tor network which anonymizes communications.

Weaver said:

I’m willing to say with at least moderate confidence that this was a deliberate, malicious, destructive attack or perhaps a test disguised as ransomware. The best way to put it is that Petya’s payment infrastructure is a fecal theater.

Security firm Kaspersky Labs said their review showed that at least 2,000 organizations had been hit by the attack, but that the malware is “completely new and not seen previously,” according to a report at DarkReading. Other researchers said the malware is a variant of Petya known as “Golden Eye.”

[wallst_email_signup]

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Our $500K AI Portfolio

See us invest in our favorite AI stock ideas for free

Our Investment Portfolio

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618