Ransomware Linked to Iran, Targets Industrial Controls (Correct)

Jan. 29, 2020, 12:12 AM UTC

An Israeli cybersecurity firm said it believes a new strain of ransomware was created by Iran and has the ability to lock up or even delete industrial control systems.

Tel Aviv-based Otorio, a cybersecurity firm which specializes in industrial control systems (ICS), said that the ransomware called “Snake,” like others of its kind, encrypts programs and documents on infected machines. But it also removes all file copies from infected stations, preventing the victims from recovering encrypted files.

Snake, which was recently discovered, searches for hundreds of specific programs -- including many industrial processes that belong to General Electric ...



Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.