Unprecedented global ransomware attack confirms risk industry’s fears

A major ransomware attack that has affected more than 200,000 computers using Microsoft Windows systems across 150 countries since Friday, has been described as a “wake-up call” by Microsoft. Known as WannaCry or Wannacrypt, the ransomware blocked users out from their systems and demanded payment of $300 using BitCoin to unlock their accounts. The ransomware threatened to double the cost…

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