Get All Access for $5/mo

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!

Entrepreneurs

Academic Excellence Is Not Necessary for Success in Life: Hear from the Founder of this Exciting New Digital Education Platform.

Many educational platforms are emerging these days to help people qualify for various types of entrance examinations. But what about the students who don't want to take the traditional path, the ones who don't rank among the top 10 in the classroom yet still aim high in life?

Technology

India Needs Homegrown Product Companies In Semiconductor: Cadence Design's India MD

Most multinationals retain product ownership, key value and intellectual property at their headquarters. As a result, India, despite having a vast pool of design talent, lacks significant Indian product companies in the semiconductor industry, says Jaswinder Ahuja, MD, India Cadence Design Systems.

News and Trends

99labels Co-Founder Ishita Swarup Passes Away

Just two years into the business, it raised INR 16 crore from Info Edge and Bikhchandani, but it didn't go well

Growing a Business

3 Branding Strategies That Will Make Any Brand Stand Out

Here's how to differentiate your brand in three essential steps — understanding your unique selling proposition, leveraging storytelling, and valuing feedback.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.