The recent Petya virus — or ” NotPetya Virus ” as it is currently referred to — has been troubling from many respects. It infected generally well-protected institutions – major multi-national corporations in the US, Europe, and Russia, a central bank in the Ukraine and critical infrastructure management – but is shaping up to be more than just another in a growing trend of ransomware attacks. The planned outbreak signals a troubling new development in how such computer viruses are being spread and monetized, a Stifel report observes, pointing to a multi-level marketing distribution scheme. Once considered safe computer networks…
Recent Petya NotPetya Virus Strike Points To Troubling New Hacker Business Model
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.