A cyber-attack on a number of networks across the globe has put the world’s economy at risk, according to the International Monetary Fund (IMF).
The ransomware has targeted a number in the financial services sector, including financial institutions, as well as other industries and organizations including energy, retail, banking and health care.
“As the threat continues to grow, we see it becoming increasingly difficult for businesses to stay online,” said IMF Managing Director Christine Lagarde.
“In response, there is growing concern about the vulnerability of systems and the vulnerability to attacks.
“At the same time, we are seeing increasing evidence of the spread of ransomware across networks.” “
The IMF has also seen the impact of the ransomware threat on financial institutions and the ability of institutions to offer customers the ability to access their money from other financial institutions in an emergency,” she added.
“At the same time, we are seeing increasing evidence of the spread of ransomware across networks.”
The IMF has warned that cyber-attacks on financial services will have an impact on the global economy, affecting not only financial institutions but also companies and the wider economy.
The country where the attack was carried out is China.
The attacks are believed to be the work of a group of hackers who call themselves the “Black Bloc”, or “Black Legion”, and have threatened major financial institutions with ransomware attacks, as reported by the Wall Street Journal.
It is not clear how the group got hold of the ransom files, but they have been circulating online, prompting many financial institutions to switch to alternative payment methods.
The ransomware was developed by a group calling itself the “Lone Wolf” and is designed to target financial institutions by encrypting documents and files on their systems, according the BBC.
It also locks out systems from running at all, and it is believed to have a relatively small number of people in the group.
The group is believed by security experts to be affiliated with the so-called Lazarus group, which is believed responsible for previous attacks on financial firms and other targets.
Lazarus is a loosely organised group of criminals with a reputation for taking down targets before a successful ransomware attack is carried out, according security experts.
However, Lazarus is believed not to be an organised group, and has been operating without any official support or funding.
The White House on Friday warned of the growing threat from ransomware attacks.
“Cyberattacks are not limited to the financial sector.
As the number of attacks continue to grow in many countries, we need to be vigilant and act quickly to protect our networks,” the White House said in a statement.
“Cybersecurity is an increasingly complex and ever-changing threat.
We are working to strengthen our nation’s cyber defenses and work to strengthen the digital economy and global economy.”