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

IFoA investigates role of actuaries in managing cyber risk
The Institute and Faculty of Actuaries (IFoA) has today published its latest thematic review, ‘Actuaries managing Cyber Risk’. The report provides an
2025 as the year of the modern insurer
Emerging technologies and trust predicated to elevate carriers amid sector uncertainty, according to industry experts from SAS. As carriers continue t
Black Box technology can save you money on car insurance
The rising cost of motor insurance – research reveals that UK insurers are leaving motorists in the dark regarding savings that can be made to their p

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.