New Ransomware Goes Global With Enterprises Hit At Large

New Ransomware Goes Global With Enterprises Hit At Large

Ransomware

A cyberattack similar to the infamous ransomware attack WannaCry entered its third day with a number of enterprises, port operators, and government organizations being hit hard on June 27, 2017. The debilitating cyberattack started in Europe on the day and has affected more 200,000 companies so far. Over 80 companies in Ukraine and Russia have been affected at large by the Petya virus disabling computing systems and users were asked to pay US$300 in cryptocurrency in order to unlock them.

Shutdown of Business Operations in Europe with Ukraine Hit Hard

As companies world over struggle and strive to take control of their networks, more systems are being affected by the hack. A number of enterprises in the EU have either shut down part of their operations, reroute production processes with alternate systems, or made a complete shutdown of their IT systems. So comprehensive is the effect of the hack that Europol, the leading European Union’s law enforcement agency, confirmed that it is talks with several member states and prominent industry partners, in order to understand the full implication of the repercussions.

Rosneft, the major crude oil producer owned by the Russian Government, in a recent statement revealed that is has shifted its operations to a back-up system for managing its production processes, in a proactive move. WPP plc, a multinational media company based in the U.K, in an email stated that the IT systems in several of its companies has been affected and its website is reportedly down.

Cyberattack Acquiring Global Nature

The ransomware is reported to spread from the European countries to the U.S. and parts of South America. In the process, a number of port operators have been affected in Rotterdam, Argentina, and New York. Maersk, a Danish business conglomerate majoring in operating world’s largest shipping and ports, has revealed that its online booking has become non-functional and all its internal systems are rendered inactive.

Mondelez International Inc. revealed the ransomware has caused a global IT outage for its business operations. Some of the other key companies whose systems have been compromised by the hack are Merck & Co. Inc., and the Chernobyl Nuclear Power Station.