• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Techransomware

WannaCry: Everything You Need To Know About the Ransomware Sweeping the Globe

By
David Z. Morris
David Z. Morris
Down Arrow Button Icon
By
David Z. Morris
David Z. Morris
Down Arrow Button Icon
May 14, 2017, 12:29 PM ET

A massive cyberattack has been spreading across the globe since Friday, hitting hundred of thousands of computers and crippling major government and corporate operations. The malware is known as WannaCry, and here’s what you need to know.

Isn’t the Attack Over?

Absolutely not. There were widespread reports on Saturday that a security researcher had discovered a “kill switch” that stopped the ransomware from spreading, but that’s only partly true. The kill switch certainly slowed WannaCry down, but it only stopped some of the ways the malware could spread. And Kaspersky Lab security researchers confirmed within hours that new versions of the malware had been detected which were not stopped by the kill switch. The ransomware spread to thousands more computers on Monday morning, as companies continued to cope with the fallout of the initial attack, the Associated Press reported.

What Does WannaCry Do?

WannaCry is ransomware, a growing category of extremely heinous malware. Once it has activated on a machine, it encrypts the files on that machine so they are inaccessible. Then it instructs the owner to pay a ransom in Bitcoin in exchange for unlocking the files.

Get Data Sheet, Fortune’s technology newsletter.

Who Is it Targeting?

Broadly speaking, WannaCry exploits vulnerabilities in older Windows operating systems, including Windows XP. Microsoft issued a patch for those systems on Friday, but that didn’t stop it from hitting more than 200,000 machines in 150 countries. That has included dozens of large institutions and companies, including the U.K.’s National Health Service, China’s National Petroleum Corporation, and Renault factories in France.

How Can I Protect Myself?

If any of your personal or corporate systems run an older version of Windows (XP, 8, or Server 2003 specifically), you or your admins should immediately install Microsoft’s new security update. You should also, as always, remain extremely careful about opening any email attachments, from known or strange sources. But the truly scary thing about WannaCry is that it can reportedly spread over local networks without user interaction. Some authorities—including the government of Indonesia—are suggesting disconnecting unprotected machines from the Internet.

Is There a Fix If My Computer Is Infected?

Short answer: No. Security firms are getting better at decrypting files from ransomware attacks, but there are as yet no reputable decryptors (tools for removing ransomware) for WannaCry—though that could change at any time. And don’t get tricked twice. Hackers could even use the promise of a WannaCrypt fix as bait for further infections, so be extremely skeptical. Also, according to McAfee researchers, WannaCry deletes so-called ‘Volume Shadow’ backups that can sometimes be used to restore files.

That said, there is one unsavory option here: pay the ransom. WannaCry demands $300 in Bitcoin to unlock files on a machine, and hackers running ransomware have historically proven remarkably trustworthy in fulfilling their end of that bargain. (Whether paying is the ethical move is a big, thorny debate.)

Where Did It Come From?

WannaCry is believed to have been created with the (unintentional) assistance of the U.S. National Security Agency. An NSA exploit known as EternalBlue, part of an April release by a hacking group called the Shadow Brokers, is at its core.

Why Would Someone Do This?

To make money, though that doesn’t seem to be working out so well. While global financial damages from the attack could easily climb into the hundreds of millions, the (publicly viewable) Bitcoin addresses collecting ransom for the attackers are almost comically light: at this writing, they contain barely over $34,000 worth of Bitcoin.

About the Author
By David Z. Morris
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

India
AIRobotics
India’s AI embarrassment when robot dog made in China put on display by local university
By Rajesh Roy and The Associated PressFebruary 18, 2026
5 minutes ago
SuccessWealth
OpenAI is paying workers $1.5 million in stock-based compensation on average, the highest of any tech startup in history
By Preston ForeFebruary 18, 2026
8 minutes ago
CryptoCryptocurrency
Exclusive: Kraken acquires token manager Magna as crypto exchange prepares for IPO
By Ben WeissFebruary 18, 2026
24 minutes ago
all three cogent founders smiling
AItech investments
Exclusive: Bain and Greylock bet $42 million that AI agents can finally fix cybersecurity’s messiest bottleneck
By Lily Mae LazarusFebruary 18, 2026
50 minutes ago
NewslettersCIO Intelligence
Zillow’s CTO says AI is reinventing every step of the home buying process
By John KellFebruary 18, 2026
2 hours ago
BankingPredictions
Sports-focused prediction market Novig raises $75 million to challenge Kalshi and Polymarket
By Leo SchwartzFebruary 18, 2026
3 hours ago

Most Popular

placeholder alt text
AI
Thousands of CEOs just admitted AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago
By Sasha RogelbergFebruary 17, 2026
21 hours ago
placeholder alt text
Economy
$56 trillion national debt leading to a spiraling crisis: Budget watchdog warns the U.S. is walking a crumbling path
By Nick LichtenbergFebruary 17, 2026
22 hours ago
placeholder alt text
Personal Finance
You need $2 million to retire and 'almost no one is close,' BlackRock CEO warns, a problem that Gen X will make 'harder and nastier'
By Sydney LakeFebruary 17, 2026
22 hours ago
placeholder alt text
Economy
Trump crackdown drives 80% plunge in immigrant employment, reshaping labor market, Goldman says
By Nick LichtenbergFebruary 17, 2026
18 hours ago
placeholder alt text
Personal Finance
Current price of silver as of Tuesday, February 17, 2026
By Joseph HostetlerFebruary 17, 2026
1 day ago
placeholder alt text
Real Estate
A billionaire and an A-list actor found refuge in a 37-home Florida neighborhood with armed guards—proof that privacy is now the ultimate luxury
By Marco Quiroz-GutierrezFebruary 15, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.