Many companies in the UK and United States started the practice previous year, but following the global scale WannaCry ransomware attack, the trend has spread to other countries as well. The ransom demand which was $300 is now said to have increased up to $600 in Bitcoin.
However, the Financial Times report points out that Windows XP users are still expected to pay extra if they want security and it now stands at $1,000 per device. Ransomware, unlike malicious attacks, prevents the users from accessing their own data, unless a ransom is paid to the creator. How? But there are obviously many, many computers out there and some people still, I feel, will not think that they need to patch their computer.
"And it's why we've pledged our support for defending every customer everywhere in the face of cyber-attacks, regardless of their nationality". If your computer runs Windows, make sure your operating system is updated.
"Do not use any pirated software in the computer".
The newspaper argued the high costs led Britain's National Health Service - one of the first victims of the WannaCry attack - to not proceed with updates.
The damage was contained by a 22-year-old security researcher who goes by the name @MalwareTechBlog on Twitter.
Although the sinkholing of the WannaCrypt domain has been successful, MalwareTech warned the measure will only provide temporary relief as the worm authors - or copycats - could release a new variant with modified code.More news: South Korea to attend China's Silk Road summit amid diplomatic rift
The ransomware called Wanna Decrypt, also known as WannaCry, encrypts files on the machine, effectively locking them. They say it will continue to spread in a modified form.
Managers at many companies and other organizations have not taken steps to put proper cybersecurity systems in place despite talking about their importance, Gazeley said.
In India, the attack affected Andhra Pradesh Police, four manufacturing companies, two retailers, to banks, the operations of a multinational corporations and the Chennai automation facility. Sivarama Krishnan, the executive director at PWC, is working with his team to protect 2000 clients, identify the threats and block those using firewalls. They are also looking to wipe out any possible malware infections in their system.
The ransomware attacks have the capacity to spread over the network by scanning for vulnerable systems, and in turn, infecting them.
Smith argued that in cyberspace, governments should apply rules like those regarding weapons in the physical world.