Advertisement
Cybersecurity
Lifestyle

The next ransomware attack will likely be worse than WannaCry warns security tech and author

The most recent cyberattack affected more than 230,000 computers around the world, but what will happen when the Internet of Things is targeted?

Reading Time:4 minutes
Why you can trust SCMP
A lock screen from the WannaCry cyberattack. Photo: Bloomberg
The Washington Post

Ransomware isn’t new, but it’s increasingly popular and profitable.

The concept is simple. Your computer is infected with a virus that encrypts your files until you pay a ransom.

Capitalising on spying tools believed to have been developed by the NSA, hackers staged a cyberattack with self-spreading malware that has infected hundreds of thousands of computers. Photo: Reuters
Capitalising on spying tools believed to have been developed by the NSA, hackers staged a cyberattack with self-spreading malware that has infected hundreds of thousands of computers. Photo: Reuters
The criminals provide step-by-step instructions on how to pay, sometimes even offering a helpline for victims unsure how to buy bitcoin. The price is designed to be cheap enough for people to pay instead of giving up: a few hundred dollars in many cases. Those who design these systems know their market, and it’s a profitable one.
Advertisement

WannaCry is the latest headline-making ransomware that has affected computer systems in more than 150 countries and cities including Hong Kong. At least 30 local cases were reported last week to have been infected by the virus, according to the Hong Kong Computer Emergency Response Team. China was hit harder, with 30,000 organisations reportedly affected.

Advertisement
Advertisement
Select Voice
Choose your listening speed
Get through articles 2x faster
1.25x
250 WPM
Slow
Average
Fast
1.25x