WannaCry, Adylkuzz, and Cyber Breach: How to Maximize Insurance Coverage in the Event of Cyber Attack

King & Spalding
Contact

The worldwide hack that surfaced on May 12—known as “WannaCry”—wreaked havoc on hundreds of thousands of computers across the globe and is one of the biggest ransomware hacks the world has ever experienced. The U.K.’s National Health Service was forced to reschedule surgeries and appointments, and Fortune 500 companies, along with other businesses, universities, government institutions, and hospitals throughout Asia and Europe also fell victim to the attack.

The WannaCry malware infects computers running an older version of Windows and then encrypts (or “seizes”) the data. After locking a victim out, WannaCry displays a message demanding a bitcoin payment within 7 days and threatens deletion of the data if no payment is received. Late on May 12, Microsoft issued a security patch that acted as a kill switch, protecting computers with the patch installed. This kill switch is believed to be the reason that companies in the United States remained relatively unscathed.

Please see full Alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

King & Spalding
Contact
more
less

King & Spalding on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.