Ritman Insurance Insights

Ritman Insurance Insights

Global Cyber Attack

Posted 4:14 PM

The latest cyber attack called WannaCry affected over 300,000 machines in 150 countries last week. Over 9,000 computers were infected per hour when the attack peaked Friday May 12th. Countries hit hardest by this cyber attack are Russia, Ukraine, India, and Taiwan. 

The ransomware used a Windows file sharing vulnerability. Essentially, the virus locks up a PC and demands a $300 ransom from the owner to unlock it. By Monday, the demand doubled to $600.
To date, an individual or group has not yet claimed responsibility for the attack. Government agencies around the world are diligently working to shut down the virus and catch the responsible parties.
Read more about the ransomware attack here:
-CNN Cyber Safe Article
-Reuters Tech News
Now is a good time to ensure your business has sufficient cyber liability coverage. Contact RITMAN today to review your policy or to procure a cyber liability policy to protect your assets.