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Now it's time for World Business Report. | :00:00. | :00:16. | |
Microsoft points the finger at governments | :00:17. | :00:19. | |
as companies are warned more cyber attacks could be on the way. | :00:20. | :00:22. | |
We find out how you can protect yourself. | :00:23. | :00:26. | |
China's plans to revive ancient trade routes. | :00:27. | :00:29. | |
President Xi pledges billions to rebuilt ports, | :00:30. | :00:32. | |
Also in the programme Facebook's Sheryl Sandberg makes | :00:33. | :00:48. | |
a Mothers Day plea to the US government. | :00:49. | :00:52. | |
Microsoft says a huge cyber attack is a wake up call - | :00:53. | :01:01. | |
saying the hoarding of security vulnerabilities by governments has | :01:02. | :01:03. | |
There are fears of further so-called "ransomware" attacks | :01:04. | :01:11. | |
as people return to work this morning. | :01:12. | :01:13. | |
A huge number of companies were targeted in the initial attack | :01:14. | :01:16. | |
including Spain's Telefonica, Fed Ex in the US, and Germany's | :01:17. | :01:20. | |
Europol says the attack hit 200,000 victims in more | :01:21. | :01:31. | |
and warns more people and businesses could find | :01:32. | :01:34. | |
The National Cyber Security Centre urges companies to keep | :01:35. | :01:38. | |
security software patches up to date, use anti-virus software, | :01:39. | :01:40. | |
With me is Ian Mann, founder of the cyber security firm | :01:41. | :01:50. | |
ECSC Group - he's a former adviser to the UK's | :01:51. | :01:53. | |
Good to see you. Good morning. Tell us about ransomware attacks and how | :01:54. | :02:10. | |
they work? It is putting something on your computer which is hacked, | :02:11. | :02:15. | |
and then you get asked for money to get your data back. That is normally | :02:16. | :02:21. | |
done on an individual basis. This is technically known as a worm. It | :02:22. | :02:32. | |
looks for other computers once infected. It is not about targeting | :02:33. | :02:37. | |
people are about spreading itself and it requires companies to have | :02:38. | :02:42. | |
done a couple of things wrong. This attack has had a huge impact, it | :02:43. | :02:53. | |
could still continue today globally. This has the hallmarks of someone | :02:54. | :02:57. | |
producing something although it technically proficient, it does not | :02:58. | :03:01. | |
look fully finished. Something that automatically spreads, it is | :03:02. | :03:04. | |
unpredictable what can happen. Somebody could be testing this. They | :03:05. | :03:11. | |
did not know how effect give this could be because they did not expect | :03:12. | :03:15. | |
the companies being attacked to have made the basic mistakes they made. | :03:16. | :03:19. | |
Two basic mistakes - unless you make those, you do not get attacked. What | :03:20. | :03:26. | |
should organisations, governments do now? Are you assume those who found | :03:27. | :03:32. | |
out they were affected have fixed it by now but what about today? Some | :03:33. | :03:38. | |
will, some may still be struggling. Firstly, this takes a specific | :03:39. | :03:43. | |
vulnerability in Microsoft operating systems and the fixed was released | :03:44. | :03:52. | |
on the 14th of March by Microsoft. When Microsoft releases a patch, a | :03:53. | :03:56. | |
security update and rated critical, you should not leave it to months | :03:57. | :04:02. | |
before applying it. Secondly, people have firewalls that are little bit | :04:03. | :04:08. | |
too open. They allow this to get in. The way this communicates should not | :04:09. | :04:14. | |
pass firewalls. Organisations, such as the NHS, was so badly affected | :04:15. | :04:20. | |
because there are so many different hospitals and GP services which are | :04:21. | :04:25. | |
connected and rely on each other's security? Absolutely right. The NHS | :04:26. | :04:35. | |
in the UK operates as if everybody trusts everybody else. Everybody | :04:36. | :04:40. | |
communicates with everybody. Cannot stop the attack coming in but you | :04:41. | :04:45. | |
can apply the patch. If they would have done that on the 14th of March | :04:46. | :04:49. | |
it would have been protected. What you do if you are affected? You have | :04:50. | :04:55. | |
to wipe the machine and rebuild it. That is really the only cure to | :04:56. | :05:01. | |
this. We doubt whether paying woodwork. It is not generally a good | :05:02. | :05:06. | |
idea and technically it does not work very well. Rebuilding the | :05:07. | :05:11. | |
system and starting from backups. The chances to back up your data is | :05:12. | :05:16. | |
really key it is the only chance to get back your data. Is it fair on | :05:17. | :05:22. | |
the part of Microsoft to say, hang on, this is your fault not ours. | :05:23. | :05:27. | |
There are two ways to look at it. Microsoft produced a software that | :05:28. | :05:31. | |
is getting attacked. They will say we issued packs saying it was | :05:32. | :05:39. | |
critical. -- patches. If something like that gets released by the | :05:40. | :05:44. | |
vendor, you should patch your systems within 40 days and it is now | :05:45. | :05:50. | |
two months so Microsoft did the best they could in this situation. Thank | :05:51. | :05:56. | |
you very much, especially given the fact it is your birthday and you got | :05:57. | :06:01. | |
out of bed before the crack of dawn. I did. Thank you. | :06:02. | :06:03. | |
The Chinese government is investing tens of billions of dollars as part | :06:04. | :06:06. | |
of a plan to restore the ancient trade routes connecting | :06:07. | :06:09. | |
President Xi Jinping has pledged $124 billion | :06:10. | :06:17. | |
for the scheme known as the belt and road initiative. | :06:18. | :06:20. | |
First unveiled in 2013 the project costs of a maritime route starting | :06:21. | :06:23. | |
in China which winds its way to Europe. | :06:24. | :06:29. | |
At the same time a land based network would make its way west | :06:30. | :06:33. | |
It is quite mammoth. Nice to see you. This is enormous and lots of | :06:34. | :06:55. | |
money being spent? Absolutely. It is incredibly large and as well as that | :06:56. | :07:04. | |
$124 billion pledged by President Xi Jinping Culliver expectations are | :07:05. | :07:11. | |
cost could run into the billions. Leaders from 29 nations gathered in | :07:12. | :07:16. | |
Beijing on Sunday, it continuing their visit today, to bring China's | :07:17. | :07:22. | |
ran plan one step closer to reality. --A grand plan. Already the Chinese | :07:23. | :07:29. | |
president has pledged all these dollars, he did not give a time plan | :07:30. | :07:37. | |
for the distribution. But the run many sceptics who say this is all an | :07:38. | :07:43. | |
expensive exercise to extend China's political and economic influence. Xi | :07:44. | :07:49. | |
Jinping was using his speech to reassure a lot of leaders, Western | :07:50. | :07:55. | |
diplomats to ensure that in advancing the Belton Road they would | :07:56. | :08:02. | |
not retread old parts but it would be based on new corporation and | :08:03. | :08:11. | |
mutual benefit. A lot of sceptics saying corruption is also a concern. | :08:12. | :08:16. | |
China has already suffered losses when it has invested in countries | :08:17. | :08:24. | |
with questionable governance issues. This is potentially requiring of | :08:25. | :08:30. | |
trillions of dollars. We have leaders like Russian President | :08:31. | :08:33. | |
Vladimir Hooton, the Turkish President, Recep Tayyip Erdogan and | :08:34. | :08:40. | |
other European leaders. We will be expecting a statement by the end of | :08:41. | :08:42. | |
the day. -- Vladimir Putin. Facebook's Sheryl Sandberg has made | :08:43. | :08:46. | |
a plea on Mother's day in the US - for the government to do more | :08:47. | :08:56. | |
to support working women. The firm's chief operating officer | :08:57. | :08:58. | |
called for a higher minimum wage, paid family leave and | :08:59. | :09:01. | |
affordable childcare. Ms Sandberg says public policies | :09:02. | :09:03. | |
need to catch up with what American The Greek government has | :09:04. | :09:06. | |
slashed its growth forecasts for this year as it | :09:07. | :09:09. | |
looks towards approving It has lowered the growth | :09:10. | :09:11. | |
target to 1.8% from 2.7% China set to become big in the air. | :09:12. | :09:44. | |
Let's show you how the markets are going. The trading week well under | :09:45. | :09:51. | |
way in Asia. Some markets drawing to a close. Japan is just down | :09:52. | :10:01. | |
slightly. See you in a moment as we look at the other stories in | :10:02. | :10:03. |