Categories: GST (Goods and Services Tax)Others

WannaCry Ransomeware

For the last few days the WannaCry ransomware event created mayhem, where organizations worldwide were hit with ransomware that spread quickly primarily via a self-propagating worm mechanism. It exploited vulnerable versions of Windows.

There has been some indication of low-volume email seeding campaigns containing URL links leading to the initial malware being downloaded. We have not been able to independently confirm this, but it remains a possibility. One thing is clear, we have not seen any large-scale email campaigns distributing the malware to date, although that could change at any time.

What we have seen to date is likely only the beginning. Expect new variants of this threat to quickly emerge. Note, even though you might have patched your systems, it may still be possible to get impacted by the WannaCry Ransomware itself if it is spread via email or the web in the future.

Cyber risk is a major threat to business today as companies increasingly face new vulnerabilities due to exposure, including first and third-party damages, business interruption, operational damages or any other catastrophic consequences.

The financial impact of the ransomware attack and cyber risk can be minimized with a cyber liability insurance. Every business working on or depending on a computer network should consider buying Cyber Insurance protection.

so designing a Cyber Insurance cover as per your company’s specific requirements.

We look forward for your valuable comment www.carajput.com

Disclaimer:

All efforts are made to keep the content of this site correct and up-to-date. But, this site does not make any claim regarding the information provided on its pages as correct and up-to-date. The contents of this site cannot be treated or interpreted as a statement of law. In case, any loss or damage is caused to any person due to his/her treating or interpreting the contents of this site or any part thereof as a correct, complete, and up-to-date statement of law out of ignorance or otherwise, this site will not be liable in any manner whatsoever for such loss or damage.

The visitors may visit the website of Government site Like Income Tax Department, Services Tax, Excise, Etc for resolving their doubts or for clarifications.

Tags: company’s specific requirements.Cyber InsuranceCyber risklarge-scale email campaignsWannaCry ransomware

8 years ago

Rajput Jain & Associates

Rajput Jain & Associates is a Chartered Accountants firm, with it's headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Taxation, Assurance and Business advisory services to various clients and their stakeholders. Rajput jain & Associates, a professional firm, offers its clients a full range of services, To serve better and to bring bucket of services under one roof, the firm has merged with it various Chartered Accountancy firms pioneer in diversified fields. We have associates all over India in big cities. All our offices are well equipped with latest technological support with updated reference materials. We have a large team of professionals other than our Core Team members to meet the requirements of our prospective clients including the existing ones. However, considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility.