WannaCry Ransomware, this global cyber outrage has taken the world by surprise and the main target of this attack was NHS (National Health Service). The attack started on 12 May 2017 and has been described as unprecedented in scale infecting more than 230,000 computers in over 150 countries.
Marcus Hutchins, a British Cybersecurity researcher, discovered the “Kill Switch” hardcoded in the malware. Each time when malware infected the computer, it checked the bogus URL. Just by registering a domain name the attack was stopped from spreading. This whole thing gave people time to update and patch security vulnerabilities.
According to the South China Morning Post, Salim Neino, CEO of Kryptos Logic, said: “Marcus, with the program he runs at Kryptos Logic, not only saved the United States but also prevented further damage to the rest of the world.”
Neino further added: “Within a few moments, we were able to validate that there was indeed a kill switch. It was a very exciting moment. This is something that Marcus validated himself.”
My blog post is done! Now you can read the full story of yesterday's events here:https://t.co/BLFORfM2ud
— MalwareTech (@MalwareTechBlog) May 13, 2017
Meanwhile, Marcus Hutchins said in a face-to-face interview: “I don’t think I’m ever going back to the MalwareTech that everyone knew,” as now he’s been in touch with the FBI and British national cybersecurity officials.
CyberSecurity Ventures forecast expenditures on cybersecurity will grow between 12 percent and 15 percent annually for the next five years. According to the February report, the firm said: “While all other technology sectors are driven by reducing inefficiencies and increasing productivity, cybersecurity spending is driven by cybercrime. The unprecedented cybercriminal activity we are witnessing is generating so much cyber spending, it’s become nearly impossible for analysts to keep track.”