Search
Close this search box.

Cyber attack – who’s to blame in your business?

Commenting on the ongoing issues caused by the WannaCry cyber-attack, Joe Hancock, cyber security expert at law firm Mishcon de Reya – the malicious software used in the attack infects systems and encrypts their contents – often known as ransomware.
Cryptocurrency

Commenting on the ongoing issues caused by the WannaCry cyber-attack, Joe Hancock, cyber security expert at law firm Mishcon de Reya – the malicious software used in the attack infects systems and encrypts their contents – often known as ransomware.

These types of attacks have been growing in recent years, but have not been seen at this scale before. The attack can move from system to system laterally, as well as being delivered via malicious e-mails. Much of the blame for this week’s specific problem has been laid on organisations using Windows XP, an operating system that is 16 years old and has not been supported by Microsoft for three years.

Whilst people are strongly advised to move away from the platform, Windows XP is here to stay – it is embedded within many devices, from MRI machines in the health service to Point of Sale systems in large retailers which cannot be easily or cheaply upgraded. There will be a large global investigation into these attacks, and it is probable that some of the perpetrators will be identified. It is unlikely however that all those responsible will be held to account.

As well as an in-depth investigation, we are now likely to see a strong reaction from governments, speeding up the regulation of crypto currencies such as Bitcoin and anonymous payment mechanisms that allow criminals to profit from such attacks. Somewhat conversely, such mechanisms are often the very thing that also allows new digital businesses to thrive. More broadly, a debate is emerging between large tech vendors and the government, as to where responsibility lies for the disclosure of vulnerabilities. It is likely that the National Security Agency (NSA) had previously identified this issue, but for intelligence purposes, chose not to disclose publicly. The damage caused by it being leaked into the wild is now, unfortunately, all too clear.

Read more

Latest News

Read More

What’s more important, investing in software or investing in people?

4 May 2024

Newsletter

Receive the latest HR news and strategic content

Please note, as per the GDPR Legislation, we need to ensure you are ‘Opted In’ to receive updates from ‘theHRDIRECTOR’. We will NEVER sell, rent, share or give away your data to third parties. We only use it to send information about our products and updates within the HR space To see our Privacy Policy – click here

Latest HR Jobs

Anglia Ruskin University – HR SystemsSalary: £56,021 to £64,914 per annum

University of Reading – Human ResourcesSalary: £33,966 to £37,099 per annum

This is a unique opportunity to have an impact on the future of health and care in the Isle of Man and directly contribute to

Access to the Isle of Man Public Service Cycle to Work scheme after your first year of employment. Access to the Learning, Education and Development

Read the latest digital issue of theHRDIRECTOR for FREE

Read the latest digital issue of theHRDIRECTOR for FREE