15/05/2017 World Business Report

Now it's time for World Business Report.

Microsoft points the finger at governments

as companies are warned more cyber attacks could be on the way.

We find out how you can protect yourself.

China's plans to revive ancient trade routes.

President Xi pledges billions to rebuilt ports,

Also in the programme Facebook's Sheryl Sandberg makes

a Mothers Day plea to the US government.

Microsoft says a huge cyber attack is a wake up call -

saying the hoarding of security vulnerabilities by governments has

There are fears of further so-called "ransomware" attacks

as people return to work this morning.

A huge number of companies were targeted in the initial attack

including Spain's Telefonica, Fed Ex in the US, and Germany's

Europol says the attack hit 200,000 victims in more

and warns more people and businesses could find

The National Cyber Security Centre urges companies to keep

security software patches up to date, use anti-virus software,

With me is Ian Mann, founder of the cyber security firm

ECSC Group - he's a former adviser to the UK's

Good to see you. Good morning. Tell us about ransomware attacks and how

they work? It is putting something on your computer which is hacked,

and then you get asked for money to get your data back. That is normally

done on an individual basis. This is technically known as a worm. It

looks for other computers once infected. It is not about targeting

people are about spreading itself and it requires companies to have

done a couple of things wrong. This attack has had a huge impact, it

could still continue today globally. This has the hallmarks of someone

producing something although it technically proficient, it does not

look fully finished. Something that automatically spreads, it is

unpredictable what can happen. Somebody could be testing this. They

did not know how effect give this could be because they did not expect

the companies being attacked to have made the basic mistakes they made.

Two basic mistakes - unless you make those, you do not get attacked. What

should organisations, governments do now? Are you assume those who found

out they were affected have fixed it by now but what about today? Some

will, some may still be struggling. Firstly, this takes a specific

vulnerability in Microsoft operating systems and the fixed was released

on the 14th of March by Microsoft. When Microsoft releases a patch, a

security update and rated critical, you should not leave it to months

before applying it. Secondly, people have firewalls that are little bit

too open. They allow this to get in. The way this communicates should not

pass firewalls. Organisations, such as the NHS, was so badly affected

because there are so many different hospitals and GP services which are

connected and rely on each other's security? Absolutely right. The NHS

in the UK operates as if everybody trusts everybody else. Everybody

communicates with everybody. Cannot stop the attack coming in but you

can apply the patch. If they would have done that on the 14th of March

it would have been protected. What you do if you are affected? You have

to wipe the machine and rebuild it. That is really the only cure to

this. We doubt whether paying woodwork. It is not generally a good

idea and technically it does not work very well. Rebuilding the

system and starting from backups. The chances to back up your data is

really key it is the only chance to get back your data. Is it fair on

the part of Microsoft to say, hang on, this is your fault not ours.

There are two ways to look at it. Microsoft produced a software that

is getting attacked. They will say we issued packs saying it was

critical. -- patches. If something like that gets released by the

vendor, you should patch your systems within 40 days and it is now

two months so Microsoft did the best they could in this situation. Thank

you very much, especially given the fact it is your birthday and you got

out of bed before the crack of dawn. I did. Thank you.

The Chinese government is investing tens of billions of dollars as part

of a plan to restore the ancient trade routes connecting

President Xi Jinping has pledged $124 billion

for the scheme known as the belt and road initiative.

First unveiled in 2013 the project costs of a maritime route starting

in China which winds its way to Europe.

At the same time a land based network would make its way west

It is quite mammoth. Nice to see you. This is enormous and lots of

money being spent? Absolutely. It is incredibly large and as well as that

$124 billion pledged by President Xi Jinping Culliver expectations are

cost could run into the billions. Leaders from 29 nations gathered in

Beijing on Sunday, it continuing their visit today, to bring China's

ran plan one step closer to reality. --A grand plan. Already the Chinese

president has pledged all these dollars, he did not give a time plan

for the distribution. But the run many sceptics who say this is all an

expensive exercise to extend China's political and economic influence. Xi

Jinping was using his speech to reassure a lot of leaders, Western

diplomats to ensure that in advancing the Belton Road they would

not retread old parts but it would be based on new corporation and

mutual benefit. A lot of sceptics saying corruption is also a concern.

China has already suffered losses when it has invested in countries

with questionable governance issues. This is potentially requiring of

trillions of dollars. We have leaders like Russian President

Vladimir Hooton, the Turkish President, Recep Tayyip Erdogan and

other European leaders. We will be expecting a statement by the end of

the day. -- Vladimir Putin. Facebook's Sheryl Sandberg has made

a plea on Mother's day in the US - for the government to do more

to support working women. The firm's chief operating officer

called for a higher minimum wage, paid family leave and

affordable childcare. Ms Sandberg says public policies

need to catch up with what American The Greek government has

slashed its growth forecasts for this year as it

looks towards approving It has lowered the growth

target to 1.8% from 2.7% China set to become big in the air.

Let's show you how the markets are going. The trading week well under

way in Asia. Some markets drawing to a close. Japan is just down

slightly. See you in a moment as we look at the other stories in