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Commentary: Has Petya ransomware reached the Caribbean?
Published on July 6, 2017 Email To Friend    Print Version

By Deon Olton

A new widespread ransomware is spreading and causing distress to corporations and government across the globe.

petya-ransomware.jpg

Here is what we know for sure and what you need to know:

deon_olton.jpg
Deon Olton is a UWI graduate and certified IT security practitioner. He has developed proactive plans to address the growing cyber security threats to the Caribbean region’s economies.
• Petya seems to be a better written which increases the success and infection rate;

• Petya does not have the weaknesses and built-in kill switch as WannaCry did;

• It uses two layers of encryption and locks your files and the computers entire hard drive;

• It was reported that several government institutions in Ukraine got hit along with Russias biggest oil exporter Rosneft along with US based pharma giant Merck;

• The ransomware asks for US$300 paid in Bitcoin to unlock a victim’s system.

As ransomware also typically spreads via email, we ask that caution is exercised when opening unknown files. The best advice for dealing with ransomware hasn't changed since WannaCry and hence we would encourage companies to take regular and complete backups, patch software as soon as possible and ensue you have invested in a robust antivirus or antimalware software.
 
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