Search form


Become a Member Today Sign Up

Sep 2017 | Tax & Spend

IMPLICATIONS OF THE WANNACRY CYBER ATTACK FOR THE PUBLIC SERVICE
GRIFF JAMES, DAMROD ANALYSIS

May 2017 saw the United Kingdom’s National Health Service (NHS) struck down by an indiscriminate cyber-attack dubbed WannaCry. The ransomware exploited vulnerabilities in outdated information technology (IT) infrastructure and software to lock down over 70,000 computers, forcing the world’s fifth-largest employer to operate on pen and paper. In the immediate wake of WannaCry came Petya, a data-destroying attack disguised as ransomware. These far reaching attacks were preceded by many more, including the detailed and sophisticated Bank of Bangladesh heist of 2016, in which hackers made off with $81 million. Cyberspace is heating up, driven by increasing technological prowess and global instability. 

Become a member today to continue reading...