Ransomware: India could see more WannaCry impact today as offices reopen

Enterprises in Mumbai, Hyderabad, Bengaluru and Chennai have been affected

graph
graph
Ayan Pramanik Bengaluru
Last Updated : May 15 2017 | 11:37 AM IST
In the wake of a worldwide cyber attack using ransomware that encrypts Windows systems, cyber security experts say India might see a larger impact on safety and more computers infected when offices open on Monday morning after the weekend break. 

This ransomware, known as WannaCry, spreads by using a vulnerability in implementations of Server Message Block (SMB) in Windows operating software such as XP, Windows 8 and Windows Server 2003. 

“Because it happened on a Friday afternoon (UK time), by the time it spread in India, most Indian companies were closed for the weekend...Monday morning is a story to be watched and we expect more systems would have been infected,” said Burgess Cooper, partner at consultancy Ernst & Young, India. It would be “difficult to quantify losses in financial terms”. 

Companies that worked on Saturday, added Cooper, were awake through the night to make sure their computers could stop the ransomware from spreading.  

Enterprises in Mumbai, Hyderabad, Bengaluru and Chennai have been affected. The Andhra Pradesh police department has confirmed that around 18 systems were hijacked by the global ransomware attack and eventually disabled. Two South Indian banks, a large enterprise in Mumbai and the India operations of Renault in Chennai could be affected.

The government’s Computer Emergency Response Team (CERT-In) has issued an advisory to users on precautions and update security patches for their computers and servers, while working closely with various nodal agencies to assess vulnerabilities.

“Losses will not only be financial. The damage could be much more than financial in sectors such as manufacture, traditional health care and power generation which have not patched their systems to ensure security for long,” said Cooper.


One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story