WannaCry shows Cyber Protection is an essential cost of doing business

The WannaCry cyber-attack hit 200,000 computers across the globe, shutting down some of the largest systems in the world by exploiting a vulnerability in Microsoft’s operating system.

Interestingly, Microsoft released a patch a month earlier to patch this vulnerability, but many organizations seemed to have missed it.

Cyber threats are a very real and costly problem and businesses need to be alert to changes in cyber space.

Link: http://www.thebanker.com/Editor-s-Blog/Waking-up-to-WannaCry?utm_campaign=TB+e-newsletter+16+May&utm_source=emailCampaign&utm_medium=email&utm_content

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The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.

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