CYBER ATTACK- case study 12th Business Studies

ON 12-5-17, Friday night, more than 150 countries including India faced the biggest cyber attack by a ransom virus called ‘WannaCry’. There were more than 80,000 attacks within hours which locked up over 2, 00,000 computers. The virus attack adversely affected the business of Hospitals, Banks, Railways and others. ‘WannaCry’ virus is called ransom virus because hackers demand some ransom to unlock the affected computers and to return the important data. The Ransom virus combined with a “worm”, which means infection of one computer, can automatically infect the entire network.  In this particular attack, the ransom of 300 dollars per computer has been asked in ‘Bitcoins’ which is virtual currency and is kept in virtual Wallet. A cyber security firm has anticipated that it would cost tons of millions of dollars to the whole industry worldwide. The virus has attacked computers running on outdated ‘windows XP’ (Windows has stopped providing support to this version) or those Windows which were not updated for long.

Q1. Name two features of the ‘Business environment’ mentioned above.

Q2. Which conditions have been altered by the cyber attack?

Q3. Name three Importance of the ‘Business environment’ which have been highlighted by the cyber attack.

COMPOSED BY   PATHAK SIR    @pathaksirbst ( at twitter)

You can send your answers at avnishpathak18@gmail.com or at  @pathaksirbst ( at twitter)