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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