Several Ukrainian banks have been affected by what appears to be a coordinated ransomware cyber attacks targeting firms around the world. According to a report by Reuters, the virus first emerged on Tuesday 27th June, 2017 in Ukraine where it silently infected computers after users downloaded a popular tax accounting package or visited a local news site.
The cyber virus spread from Ukraine to wreak havoc around the globe on Wednesday 28th June, 2017, crippling world businesses and disrupting ports from Mumbai to Los Angeles and halting production at a chocolate factory in Australia.
This hit came just few weeks after the Wannacry attack which affected more than 300,000 internet addresses worldwide including government agencies, large corporations and banks.
To further iterate my point and putting the African continent in perspective, Zambia, Nigeria, Uganda and two others are prone to heavy cyber-attacks. Based on the analysis of experts, Zambia has the highest risk profile with Nigeria in the second position. Uganda, Malawi and South Africa are ranked 7th, 8th and 9th respectively.
It is thereby correct to postulate an increase in global ransomware attacks. This is because another ransomware just struck and another might be on its way. Apparently, no one knows where or when.
It is now expedient and paramount for organizations to start rethinking their endpoint/server life-cycle management.
This brings me to my ultimate question, how secured are Nigerian banks and firms against Phishing, ransomware attacks and all forms of cyberattacks.
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