Experts warn that organizations across the globe should be on the guard against Bad Rabbit.
A new cyber-attack has hit "Bad Rabbit" has hit Eastern Europe including countries like Russian Federation and Ukraine on Wednesday.
Yet there are ways to protect yourself from the cyber attack.
Also, once installed, the software doesn't use the famous EternalBlue exploit, believed to have been developed by the NSA before being stolen by a hacking group known as The Shadow Brokers, to spread within corporate networks.
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The new cyber attack has hit parts of Eastern Europe, including an worldwide airport in Ukraine and three media outlets in Russian Federation.
"Take 2 and Action!" It name drops Game of Thrones and bears more than a passing resemblance to WannaCry and Petya. The answer came in the form of "Bad Rabbit", which reportedly shared code used in the NotPetya variant but was from a previously unknown ransomware family, according to Kaspersky. Once a user downloads the installer and runs it manually, he/she gets infected by the ransomware which proceeds to encrypt files stored on the computer. Keys are generated using CryptGenRandom and then protected by hardcoded RSA 2048 public key. Bad Rabbit, as the new variant is known, once again began life in Ukraine and Russian Federation, using social engineering to convince users to install what was claimed to be a security update to Adobe's Flash Player software.
The cyber criminals behind Bad Rabbit are locking computers down and demanding 0.05 Bitcoin (£220) from victims, in exchange for the restoration of their devices.
Earlier this year WannaCry and ExPetr sowed havoc on systems around the world and now it seems that there is a new strain of ransomware causing destruction. "But organisations appear not to have followed this advice".
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He added: "I wouldn't want it to go on any longer than it has". "I'm really emotional about it". This is also his first time as a producer.
The malware is still undetected by the majority of anti-virus programs, according to analysis by virus checking site Virus Total. This highlights the need for a robust security posture, based on both technology and education.
The Bad Rabbit ransomware message.
What should your business do?
While he was commissioner of the Boston Police Department, Davis said cyber threats became "more and more and more intense every year" and that the department simply didn't have the resources it would have needed to keep pace with the evolving threats. The attackers targeted mainly news or media websites and turned them into watering holes or vectors that distributed the fake installer to victims. "By searching for this specific occurrence in monitored log data from endpoints, an organisation will be able to identify patient zero earlier, and act to isolate the impact".
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