Recent Petya NotPetya Virus Strike Points To Troubling New Hacker Business Model

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Mark Melin
Published on
Updated on

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…

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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.