Petya Ransomware Attack: What is it and How can it be stopped?

| November 26, 2018

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The latest ransomware in the cyberspace called “Petya” is infecting computers around the world at an incredible speed. It uses a vulnerability in the Windows OS that Microsoft patched in March 2017 — notably, it is the same virus that was exploited by the recent and prolific WannaCry ransomware strain. What is Ransomware? Ransomware is a type of malicious software (malware) that prevents access to a computer or its data and demands payment to release it. How does it work? When a PC is infected by the malware, it quickly and secretively encrypts essential documents and files and then demands a ransom. The user needs to make the payment through Bitcoin, to get the digital key to unlock the encrypted files. Generally, victims across the globe choose to go with a recent back-up of the files. At times, paying up the ransom doesn’t guarantee retrieving all lost files.

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Eurodata International Ltd.

"Eurodata International is a leading pan-European IT business, focused on retailing and offering a flexible, fully functional and easy-to-use suite of retail management solutions and accounting services. We are a consortium of national member companies each with detailed knowledge of their local retail practices and accounting regulations. Backed by over 40 years of European experience, members are actively supported to keep customers ahead in the rapidly changing international retail and accounting environment. Everything we do is guided by our mission “To fulfil the information needs of professional retail organisations at outlet and headquarters levels by using information technology to maximise profitability."

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Spotlight

Eurodata International Ltd.

"Eurodata International is a leading pan-European IT business, focused on retailing and offering a flexible, fully functional and easy-to-use suite of retail management solutions and accounting services. We are a consortium of national member companies each with detailed knowledge of their local retail practices and accounting regulations. Backed by over 40 years of European experience, members are actively supported to keep customers ahead in the rapidly changing international retail and accounting environment. Everything we do is guided by our mission “To fulfil the information needs of professional retail organisations at outlet and headquarters levels by using information technology to maximise profitability."

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