Business

Microsoft says can not fight problems of present with tools from the past

As notorious WannaCrypt ransomware hits businesses worldwide, technology giant Microsoft said it has been working round the clock since Friday to help all its customers who have been affected by this incident.

With more than 3,500 security engineers at the company, Microsoft said, it is fighting cybersecurity threats with constant updates to its Advanced Threat Protection service.
Microsoft had released a patch in March to counter WannaCrypt ransomware, the company also issued a prompt update on Friday to Windows Defender to detect the WannaCrypt attack.

"Working through our Microsoft Threat Intelligence Center (MSTIC) and Digital Crimes Unit, we'll also share what we learn with law enforcement agencies, governments, and other customers around the world," the software firm said.
Terming such cyber-attacks as a shared responsibility between tech companies and customers, the tech giant said, so many computers remained vulnerable even two months after the release of a patch.

"There is simply no way for customers to protect themselves against threats unless they update their systems. Otherwise they're literally fighting the problems of the present with tools from the past," it said.

Blaming the ransomware attack on stockpiling of vulnerabilities by governments, Microsoft said, "vulnerabilities stored by the CIA show up on WikiLeaks, and now this vulnerability stolen from the NSA has affected customers around the world. Repeatedly, exploits in the hands of governments have leaked into the public domain and caused widespread damage."

"The attack represents a completely unintended but disconcerting link between the two most serious forms of cybersecurity threats in the world today - nation-state action and organized criminal action," Microsoft said.

Avaali Solutions to launch unique vendor portal; aims to embrace digital transformation

New Delhi : Avaali Solutions, a startup pioneering in the space of enabling digital transformation for enterprises across various sectors in India, ha...

Bajaj Finance increases fixed deposit rate of interest

Pune : Bajaj Finance Ltd., the lending and investment arm of Bajaj Finserv, has increased its Fixed Deposits' (FD) rate of interest.The company has in...

Brainwonders announces expansion plans across North India

New Delhi : Brainwonders, the expert in the science ofDermatoglyphics and the only U.S Patented DMIT Company, has announced mega expansion plans acros...

Suheil Tandon wins International Olympic committee award

New Delhi : Social Entrepreneur Suheil F. Tandon has won the International Olympic Committee's Sport and Active Society Commission's Grant Awardfor hi...