Posted on Tuesday, July 18th, 2017 by Robert Bond
The WannaCry attack started in May of 2017, and within one day it was reported to have affected more than 230,000 devices in over 150 different countries. It hit major hospitals, car manufacturers, and even large telecommunications companies, yet one industry seemed to escape largely unscathed -- banking. While banks have been among the most popular targets for cyberattacks in the past, it seems this is at least one clear instance where the banks have benefited from adopting and evolving better cybersecurity practices and controls. Let’s take a closer look at what types of practices enabled banks to avoid the WannaCry ransomware epidemic.