Chennai: With more than 50% companies in India using archaic versions of Windows XP operating system, it makes them vulnerable to cyber attacks like WannaCry - the fallouts of which will not be covered by insurance.
"Repeatedly, exploits in the hands of governments have leaked into the public domain and caused widespread damage".
There are the companies, universities, hospitals and other organizations that didn't install Microsoft's fixes and take other precautions, such as backing up data. "But at the same time, I also know that if you're someone who's been affected and you've lost all your children's photographs or you've lost all your data or you lost your thesis, sometimes $300 is worth it, you know?" The company also made the remarkable step to issue a Windows XP update, an OS that has been unsupported since 2014. "Microsoft can't be proud". As the scare is big, the e-Governance Department has shut several government websites that had been given direct IP access or has temporarily closed some access to certain sites till the "patching" is completed to prevent attacks. If it is not changed soon, Washington could leave our entire governmental, banking, communications, food supply, and military systems at risk of attack and instant meltdown. Brad Smith, Microsoft's top lawyer, criticized USA intelligence agencies for "stockpiling" software code that can be used by hackers.
"This attack provides yet another example of why the stockpiling of vulnerabilities by governments is such a problem", Microsoft President and Chief Legal Officer Brad Smith said in a blog post on Sunday, comparing the recent leaks of NSA and Central Intelligence Agency hacking tools to, in the real world, the theft of cruise missiles.
Goings defended the stockpiling of vulnerabilities, arguing that they are tactically important for a military that increasingly perceives cyber threats as being on par with attacks that come via the more traditional routes of land, air and sea.
The government had agreed a temporary framework support agreement with Microsoft which guaranteed delivery of special security patches for XP, Office 2003 and Exchange 2003 FOR one year, priced at £5.584m.
"Technology companies owe their customers a reliable process for patching security vulnerabilities", he said.More news: Jason Aldean and Zac Brown Band Eulogize Chris Cornell
Microsoft patched the vulnerability a month earlier, presumably after being alerted by the NSA that the leak was imminent.
It should be noted that Microsoft makes it clear that when an older operating system reaches end-of-life, it no longer receives free support. Under the microscope would be policies relating to privacy of personal information, email and internet usage, password protection and the use of mobile devices.
Because of difficulties associated with pushing patches created to block an exploit out to the public-it takes a long time for everyone to click on those annoying little security updates, and some portion of the population never will-open-sourcing exploits like this is often a bad idea.
The China Banking Regulatory Commission (CBRC) said in an emailed statement it has not received any major infection reports from the country's banks on the cyber attack. Backups often are also out of date and missing critical information.
"It's not rocket science", Litan said.
Really, the only way to deal with that is to say: "Well, actually, we know where the data is".
Sumon Ahmed Sabir, Chief Technology Officer of Fiber-at-Home, said that some personal computers too have been infected by ransomware.