A massive cyberattack is hitting organisations around the world

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The economic impact of Russian hacking on the Ukraine economy

A number of firms around the world are reporting that they have been impacted by a major cyber attack.

Many of the organisations affected are apparently in Ukraine including banks, energy companies and even Kiev’s main airport, although incidents have been reported by firms across Europe, indicating the incident is affecting more than one country.

The National Bank of Ukraine has says it has been hit by an “unknown virus” and is having difficulty providing customer services and banking operations as a result, while Kiev’s Boryspil International airport is also understood to be suffered from some kind of cyber attack.

Ukraine’s Interior Ministry has already called the cyberattack the biggest in Ukraine’s history – although the country isn’t the only one affected.

Danish transport and energy firm Maersk has confirmed that its IT systems are down across multiple sites due to a cyberattack, while Russian petroleum company Rosneft has reported a “massive hacker attack” hitting its servers.

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British advertising firm WPP has also said it has also been affected by a cyberattack and the UK’s National Cyber Security Centre is investigating reports of the attack.

“We are aware of a global ransomware incident and are monitoring the situation closely,” said an NCSC spokesperson.

wpptweet.png

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Many reports are suggesting that victims are seeing a ransom note, indicating that victims are being infected with ransomware – if that’s the case, it’s the second major global ransomware outbreak in as many months following on from the WannaCry epidemic which it hundreds of thousands of PCs around the world.

rosnefttweet.png

rosnefttweet.png

Indeed, a Twitter account providing updates for the Kiev Metro service appears to show a machine displaying a ransom note demanding $300 in Bitcoin.

Preliminary investigation by cybersecurity researchers at Bitdefender suggests that the malware being spread is an almost identical clone of GoldenEye ransomware, which in of itself is a variant of the of the Petya ransomware family.

The Petya ransomware family is particularly vicious, not only encrypting the victims’ files using one of the most advanced cryptographic algorithms, but also encrypting the entire hard drive by overwriting the master reboot record, preventing the computer from loading the operating system.

Preliminary investigation by cybersecurity researchers at Bitdefender suggests that the malware being spread is an almost identical clone of GoldenEye ransomware, which in of itself is a variant of the of the Petya ransomware family.

The Petya ransomware family is particularly vicious, not only encrypting the victims’ files using one of the most advanced cryptographic algorithms, but also encrypting the entire hard drive by overwriting the master reboot record, preventing the computer from loading the operating system.

More as this story develops…

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http://www.zdnet.com/article/a-massive-cyberattack-is-hitting-organisations-around-the-world/#ftag=RSSbaffb68

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