This Cybersecurity Company Claims It Won't Allow Ransomwares To Attack Your Systems Hyderabad-based firm said it has developed 'ZeroXT' to protect data-at-rest against a variety of threats

By Komal Nathani

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

In the wake of a massive global cyber attack that has hit around 100 countries, an Indian cyber security and threat intelligence company, UNIK Systems, has claimed that the terror virus WannaCry ransomware will no longer be able to affect the Indian computer systems.

Hyderabad-based UNIK Systems announced yesterday that it had developed "ZeroXT' which would protect data-at-rest against a variety of threats, including ransomware attacks, unauthorized access, data leakage, unauthorized retrieval of data from stolen hard disks, data modification and data destruction.

ZeroXT is being developed to deal with all cyber-security-related solutions, which are becoming mandatory with advanced tech innovations.

The firm has maintained that the product is being analyzed in some of the government, banking and financial institutions.

UNIK Co-founder and CEO Chakradhar Kommera announced, "The new product is supported by "ZERO USB' software, proven to be effective in ensuring a clean boot to a wide range of organization/enterprises, thereby protecting the OS from any tampering or destructive attacks."

"While the spread of the "WannaCry' ransomware attack has slowed down because of an accidental remedy by an UK-based cyber-analyst, concerns still loom large that such attacks could be launched in a much larger scale in the near future. The tools for launching ransomware attacks are readily available on the dark web," added Kommera.

India has been ranked as third worst-hit country after 45,000 attacks recorded in 100 countries.

The parent company, UNIK, began research on this product after the well-known Sony Entertainment hack happened in 2014. UNIK Systems had rightly predicted and invested significantly in research and development over the past few years to help enterprises thwart such advanced attacks.

ZeroXT is an extension of ZERO USB with the additional functionality of protecting data-at-rest, said an official from the security solution firm. Additionally, a software development kit (SDK) can be provided to closely knit various software applications, including information rights management (IRM) and email-client. This will help in the utilization of hardened encryption.

What remains to be seen is how WannaCry malware spread across so many organizations around the world in such a small time. This highlights the danger of the open communication systems the world has become so used to.

'Nearly 300,000 internet of thing (IoT) nodes have become part of a growing bot (a software application that does automated tasks) to launch a significant attack,' said in a press statement.

Komal Nathani

Former Correspondent, Entrepreneur Asia Pacific

A firm believer of hard work and patience. Love to cover stories that hold a potential to change the momentum of business world. Currently, a part of all-women web team of Entrepreneur’s Asia Pacific edition to jig the wheel of business journalism!

Business News

'Feels Like a Slap in the Face': Some JPMorgan Employees Reportedly Aren't Happy With Their Bonuses

JPMorgan reported a record-high net income for 2024 of $58.5 billion.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Growing a Business

Want to Maximize Employee Retention? Here Are 20 KPIs You Need to Track.

How to track and measure employee engagement to improve staff retention and company performance.

Growing a Business

How to Turn Vision Into Reality — A Step-by-Step Approach to Achieving Your Goals

This article outlines a systematic approach to achieving success by defining a clear vision, creating strategic action plans, cultivating productive habits and building resilience.

Innovation

These Are the Top Innovations Paving the Way for Clean Energy By 2030

The UN's 2030 goals depends on maintaining the momentum of research, development and innovation in the field of clean energy. Here is how three industry leaders — Tesla, ICL Group and First Solar — are setting the standard in clean energy with their groundbreaking innovations and paving the way into the future.

News and Trends

Hospitality Major Oyo Raises USD 65 Mn for Global Expansion and Strategic Growth

Oyo plans to deploy the funds towards global expansion, including potential acquisitions, strengthening business strategies, and other corporate initiatives.