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Jun 13
WannaCry

WannaCry – Have You Updated Your Computers?

  • June 13, 2017
  • Chris Webber
  • No Comments
  • Insurance News

In the past month, it has been widely publicised the damage that the ransom-ware WannaCry has caused to businesses both large and small throughout the world. Australia was lucky with the timing of this ransomware – it was released on a Friday night Australian time, meaning that by the time everyone woke up on Saturday, a solution was already in place, minimising the impact.

WannaCry could have been much worse

Many people and businesses are still using outdated, unpatched Windows XP and Windows 7 machines which allow for these exploits to take down your computer network. Even Windows 8 and 10 can be vulnerable if they are not kept up to date.

WannaCry ended up affecting over 250,000 computers in 150 different countries.

Since the initial outbreak, there has been several spin-offs from the original. The main threat currently is pop-ups appearing in web browsers that tell the user their machine has been affected by WannaCry. The pop-ups instruct the user to call an ‘assistance team’ number, where they are told to download software to give the ‘assistance team’ remote access to the computer. Once remote access is given, the computer is severely compromised.

WannaCry

Steps to reduce risk of WannaCry

We have written in the past about the simple steps each business can take to protect themselves from a cyber-attack. As a refresher, the Australian Government uses the terminology ‘The Essential Eight’ when it comes to protecting a network. These eight strategies are:

  • Patch / Update operating systems (ie, Windows)
  • Patch / Update applications (ie, Office 365)
  • Restrict Administration Privileges
  • Whitelist Applications – Only allow certain applications to run
  • Block web browser access to Adobe Flash, web ads and untrusted Java code
  • Disable un-trusted Microsoft Office macros
  • Enable Multi-Factor Authentication where possible (banking, emails etc)
  • Daily backup of all important data

You can read more about the government strategy for businesses here.

To read more about Cyber Risk Management including Cyber Insurance, please visit the following information pages:

  • Cyber Insurance Page
  • Ultimate Guide to Cyber Insurance Page
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Chris Webber

About The Author

Chris Webber is the Director of Webber Insurance Services. Chris has been in the insurance industry for almost 15 years and is an SME business insurance specialist. The information on this blog and website is of a general nature only. It does not take into account your individual financial situation, objectives or needs. You should consider your own financial position and requirements before making a decision. We recommend you consult a licensed insurance broker in order to assist you.

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Google Rating
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Webber Insurance Services
Webber Insurance Services
4.8
Neil Gray
Neil Gray
00:44 01 Dec 17
Top in their game, excellent service and interaction with office, everything is so easy and very price competitive. I can highly recommend Webber Insurance Services. Neil Open2View Real Estate Photography
Paul Parks
Paul Parks
01:11 01 Dec 17
After unsuccessfully searching around for the right insurance for my business i eventually found Webber. They were great to deal with and understood my needs. I have no trouble recommending these guys.
Sharyn Evans
Sharyn Evans
00:14 01 Dec 17
I've always been impressed by the responsiveness of the team at Webbers Insurance. From renewals to claims processing, they make the process easy and show a great deal of patience, particularly with regards to explaining the claims process itself. Would highly recommend them to anyone looking for small business insurance.
Dean Oakley
Dean Oakley
07:33 01 Dec 17
We've been with Webber insurance for 3 years and we have made a couple claims during that time. They have always been easy to deal with and very understanding. I highly recommend them!
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