CREDIT SUISSE: The WannaCry ransomware attack could give Microsoft's stock a boost

CREDIT SUISSE: The WannaCry ransomware attack could give Microsoft's stock a boost

Ensuring that your Windows operating system is up to date with the most recent security and software updates, which patch any holes and vulnerabilities in the software, makes it much more hard for a hacker to infiltrate your system and networks.

This security update resolves vulnerabilities in Microsoft Windows. We increasingly are among the first responders to attacks on the internet.

In a blog post on Sunday, Brad Smith, president and chief legal officer at Microsoft, noted that as cyberattacks have grown in sophistication, the government practice of hoarding malicious tools has done more harm than good.

Ransomware is a type of malicious software that will block access to your files unless you pay a ransom.

Roi Abutbul warned me, "This time, the attackers used an unpatched rare vulnerability, but there are many other ways to move laterally and spread inside the network".

One of the most unsafe malware attacks to have ever happened, occurred this past week called the WannaCry ransomware attack, putting major companies and institutions on the brink of losing their data. Hackers are said to have stolen the tools from the NSA and distributed them via Internet. WannaCry is believed to be using the same software.

The security firm Kaspersky Lab, based in Russian Federation, noted that Microsoft had repaired the software problem that allows backdoor entry into its operating systems weeks before hackers published the exploit linked to the NSA, but also said: "Unfortunately it appears that many users have not yet installed the patch". In the UK's National Health Service, which was particularly badly hit, at least 47 organisations were affected.

Spanish firm Telefonica, French automaker Renault, the USA -based delivery service FedEx and the German railway Deutsche Bahn were among those affected. On Friday, it reported 16 computer networks were shut down. And Washington had no trustworthy proofs to sustain prohibitions on Chinese tech companies in the U.S. after the WannaCry ransomware attack.

Microsoft released security patches for the ransomware on Friday. (Whether or not you see this as a good and necessary thing likely has a lot to do with your opinion of whether the NSA too often prioritizes its ability to hurt adversaries over the privacy and safety of USA citizens or over the privacy and safety of people in general). This is the main reason all major malware attacks are mainly affecting proprietary software like Microsoft Windows operating systems. So either use an external hard drive or a cloud-based system to backup your valuable files. The patch was automatically applied for Windows 7 systems in March, but Windows XP users must download the patch to secure their system. Microsoft surely wants to continue to sell successive versions of Windows every several years and gradually forget about its earlier attempts-it's the business they're in. "You've got to keep your systems updated".

To keep the world safe these things have to be done.

"This attack provides yet another example of why the stockpiling of vulnerabilities by governments is such a problem", Microsoft President and Chief Legal Officer Brad Smith said in a blog post on Sunday, comparing the recent leaks of NSA and Central Intelligence Agency hacking tools to, in the real world, the theft of cruise missiles.

Smith said governments need to take a different approach and adhere in cyberspace to the same rules applied to weapons in the physical world.

Microsoft pointed that, "The governments of the world should treat this attack as a wake-up call".

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