General Insurance Article - Petya ransomware virus expert - do not power up


Comments from Dr Mark Hawksworth, Global Technology Specialist Practice Group Leader, Cunningham Lindsey, on the Petya ransomware virus

 “We expected another wide scale virus attack shortly after Wannacry, as cyber criminals copied and improved on a Wannacry styled virus. If you have any computers that are infected with Petya and your machine has crashed / powered off - do not power up! Use a LiveCD or external machine to recover files. Our Cyber team has been able to ascertain that as long as you do not go past the CHKDSK message, your files are safe and you can recover them. Our global cyber team with centres in Europe, Australia, New Zealand, South Africa, US, Canada, South America and Asia are ready to assist.

 Several insurers have been paying ransoms when insured are hit by ransomware, as a quick way of resolving the issue. This only funds the cyber criminals and the short term gain can quickly turn painful if a firm is added to a ‘sucker-list’ by cyber criminals, indicating that you are susceptible to ransom.

 Computers affected by Petya now have the added headache that the author’s email account has now been frozen, meaning that paying a ransom is no longer an option as they can’t provide decryption keys”
  

Back to Index


Similar News to this Story

9 in 10 firms interested in insurance cover for Gen AI risks
Businesses worldwide are rapidly embedding Generative AI (Gen AI) into products, services and internal operations. While this brings significant oppor
The Data Use and Access Act what are the key impacts
In June this year, The Data (Use and Access) Act 2025 (DUAA) received Royal Assent. There’s a staged approach to commencement, with most changes likel
Lessons in implementing board level AI governance
Effective leaders have shifted from traditional risk management protocols to more dynamic and responsible governance models for managing AI. AI govern

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.