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Europe warns of more cyber attacks

Monday, May 15, 2017 - 01:52

Shares in Cyber Security stocks have risen following the WannaCry ''ransomware'' attack which affected businesses around the world. As Kate King reports, experts are now warning that copycat hackers may strike.

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After snaking its way across the globe, the infection rate of the so called 'WannaCry worm' appears to be slowing. But cyber security experts are warning, any respite from the malware virus may only be brief - Cyber warfare they say, is here to stay. SOUNDBITE (French) NATIONAL AGENCY FOR INFORMATION SYSTEMS SECURITY (ANSSI) GENERAL DIRECTOR, GUILLAUME POUPARD, SAYING: "It is extremely violent. The code that was used can really be replicated very fast. And if there is a computer that is affected in a network, it is the whole network that will suffer and be paralyzed." The virus hit factories, hospitals, and schools worldwide, blocking computers and demanding a ransom of up to 600 dollars to unlock them. French car marker Renault was one of the most high profile companies affected. It was forced to halt production but says 90 percent of its factories are now running as normal. (SOUNDBITE) (English) EUROPEAN COMMISSION CHIEF SPOKESPERSON, MARGARITIS SCHINAS, SAYING: "The use of cyber-attacks for criminal purposes is an increasing threat which requires a co-ordinated and global response from the EU and its member states." Cyber Security is now also a major election issue in Britain, after the ransomware hit the National Health System causing hospitals to cancel some operations and divert ambulances The Prime Minister deflecting accusations that the world's fifth biggest employer had left itself open to attack. SOUNDBITE (English) BRITISH PRIME MINISTER, THERESA MAY "This is not something that has focused on attacks on the NHS here in the UK, 150 countries are affected, Europoll is say that there are 200-thousand victims." A U.S. based not-for-profit cyber institute estimates that total losses will range in the hundreds of millions of dollars But financial markets were relatively unfazed In fact, shares in firms that provide cyber security services rose with the prospect that companies and governments will have to spend more money on defences.

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Europe warns of more cyber attacks

Monday, May 15, 2017 - 01:52