WannaCry Ransomeware

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.

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