ARTICLE
28 September 2020

WannaCry Targeting 30+ Billion IoTs With Ransomware!

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Foley & Lardner

Contributor

Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With over 1,100 lawyers in 24 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.
Darkreading.com reported that "ransomware infection, Internet of Things (IoT) devices are also prime targets for several reasons, including the fact that hackers know enterprises often have less...
United States Media, Telecoms, IT, Entertainment

Darkreading.com reported that "ransomware infection, Internet of Things (IoT) devices are also prime targets for several reasons, including the fact that hackers know enterprises often have less visibility into these devices, and can therefore inflict devastating effects without detection. In addition, IoT devices are often not built with security in mind, leaving them vulnerable for exploits."  The September 25, 2020 article entitled "WannaCry Has IoT in Its Crosshairs" included these comments that "WannaCry primarily targets computers, IoT devices were not — and are not — immune":

Of all the types of ransomware, one of the most damaging and infamous is WannaCry.

It is estimated to have affected more than 200,000 computers across 150 countries, with total damages ranging from hundreds of millions to billions of dollars.

Ransomware isn't going anywhere, but we can make sure we're prepared for the next time it strikes.

This bad news, but hardly a surprise!

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