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Massive Ransomware Cyber Attack Spreads Across Europe 

Another widespread cyber attack is causing massive problems across Europe Tuesday.

Ukraine has been hit particularly hard as government and company officials have reported serious intrusions across the Ukrainian power grid, banks and government offices. The country’s prime minister says that the cyber attack affecting his country is “unprecedented,” but “vital systems haven’t been affected.”

Russia’s top oil producer Rosneft has said it has been hacked, as well as Danish shipping giant A.P. Moller-Maersk and Britain’s WPP—the largest advertising company in the world.

Ukrainian Deputy Prime Minister Pavlo Rozenko on Tuesday posted a picture of a darkened computer screen to Twitter, saying that the computer system at the government’s headquarters has been shut down.

There’s very little information about who might be behind the disruption, but technology experts who examined screenshots circulating on social media said it bears the hallmarks of ransomware, the name given to programs that hold data hostage by scrambling it until a payment is made.

“A massive ransomware campaign is currently unfolding worldwide,” said Romanian cybersecurity company Bitdefender. In a telephone interview, Bitdefender analyst Bogdan Botezatu said that he had examined samples of the program and that it appeared to be nearly identical to GoldenEye, one of a family of hostage-taking programs that has been circulating for months.

It’s not clear whether or why the ransomware has suddenly become so much more potent, but Botezatu said … (read more)

Source: Fox Business

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