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CybersecurityFeaturesEmployment LawLJN NewslettersEmployment Law Strategist

WannaCry Attack Is a Wakeup Call for Cyber Preparedness

By India E. Vincent

The scope of WannaCry changed our perceptions of ransomware attacks. Until May 12, 2017, the more highly publicized ransomware incidents were localized targets impacting only one or a small number of businesses. WannaCry made it clear that ransomware could reach a broad cross-section of computers worldwide, at essentially the same time.

While there have been some indications that WannaCry originated in North Korea, nothing is conclusive yet, and investigations into the attack continue. Regardless of its origins, WannaCry focused the world's attention on cyber-attacks as a potential threat to everyone, not just large companies with highly valuable data. Responses to the attack around the world varied in their success recovering data, but funding in the bitcoin wallets designated to receive the ransoms indicates that only a small percentage of victims paid the ransom, even with the relatively modest demand of $300.

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