Ransomware

Internet users have recently reported being provoked to open a phishing email containing crypto ransomware links. Cybercriminals used the ransomware program ‘GandCrab’ to encrypt victim’s data and requested a payout in Bitcoin or Dash for lifting a block from their files.

Ransomware has always been the main means of getting access to easy money for cybercriminals. However, the tendency shifted since new powerful financial technology began to evolve. Cryptocurrency mining platforms, especially those focused on Bitcoin and Monero, have become the favourite victims of malware programs.

A new deadly virus known as Dharma is seriously infecting computers (PCs) and servers by encrypting and locking files, which can only be successfully unlocked via a Bitcoin payment, responsible authorities warned on October 16, 2018.

Cryptojacking, that is quickly emerging as another option to ransomware, is a way of cyberattack used by hackers to hijack the damaged system's processing power when carrying out cryptocurrency mining.

The creators of the WannaCry ransomware virus have withdrawn all the money, $140,000 in Bitcoin.

Last months the ransomware software Wanna Cry attacked 200,000 victims in at least 150 countries worldwide and a huge fuss was made of the capability of hackers to use Bitcoin in illegal actions. Now, a new ransomware comes on stage.

A recent report from Google states that the possibility of getting infected with Android ransomware is close to zero.

In 2016 a new illegal industry emerged in the bitcoin ecosystem. Ransomware, a malicious program with the ability to encrypt a file or lock the user out totally from a computing device. Hackers invented a way of blocking user access to very important servers and demanding a ransom of bitcoin in exchange for an unlocking key.