Saber-Rattling and Europe’s Ransomware Attacks

The wave of ransomeware attacks that hit European companies and  Ukraine government systems is spreading.

FedEx, based in Memphis but with global operations, said Wednesday that its systems had been hit as well.

The AP reports that FedEx “deliveries by its TNT Express subsidiary have been slowed by the global cyberattack, another sign of how major companies are struggling to deal with the fallout from an especially virulent outbreak of data-scrambling software.”

Axios.com has an excellent roundup of what this means. Some highlights:

The attacks and its results are becoming more targeted. While it may seem that attacks are happening more frequently, what’s actually happening is that hackers are choosing to publicly showcase the ramifications of the attack.

Bottom line advice:

“[Patch] your systems, properly back up your network, educate your employees on potential threats, and should you fall victim to an attack, don’t pay the ransom.”

The AP also has this:

Ukraine and Russia appeared hardest hit in a new strain of malicious software that froze computers around the globe on Tuesday and Wednesday. Russia’s biggest oil company, Rosneft, said Wednesday it has faced some problems but added that it was too early to assess the damage from the malicious software.

The day after a particularly virulent strain of ransomware burst across the globe, the mysterious Shadow Brokers group has re-emerged to taunt the U.S. National Security Agency.