CoinVault Ransomware | Breaking Cybersecurity News | The Hacker News

Almost three years after the arrest of two young Dutch brothers, who pleaded guilty to their involvement in creating and distributing CoinVault ransomware malware , a district court in Rotterdam today sentenced them to 240 hours of community service. In 2015, the two suspects — Melvin (25-year-old) and Dennis van den B. (21-year-old) — were arrested from Amersfoort on suspicion of involvement in CoinVault ransomware attacks. The duo was arrested by law enforcement with the help of researchers from Kaspersky Labs , who reverse-engineered the malware and found the full name of one of the suspects and their IP address left accidentally on the command and control server. CoinVault ransomware campaign that began in May 2014 was one of the most successful file-encrypting ransomware program of its time that encrypted over 14,000 Windows computers worldwide, primarily the Netherlands, the US, the UK, Germany, and France. Just like other ransomware attacks, the sole intent of CoinVau...

Over the last few years, we have seen several types of Ransomware malware that demand a whopping amount of money from users for the retrieval of their locked, compromised sensitive files. We have also witnessed the birth of decryption solution for some of the Ransomware like Cryptolocker (partial), Coinvault , Rescue Kit . One more solution has recently been released for decryption of newly emerging ransomware, dubbed as Hydracrypt and Umbrecrypt that are propagated through Angler Exploit Kit. Both of the malware belong to CrypBoss ransomware family. The source code of CrypBoss Ransomware was leaked last year on Pastebin, which was later analyzed by Fabian Wosar, a security researcher at Emsisoft. With the help of CrypBoss Source code, Wosar was successfully able to crack the encryption algorithm of the ransomware and quickly made the decryption tool for CrypBoss and its variants ( Hydracrypt and Umbrecrypt ). It is found that both Hydracrypt and Umbrec...

Vulnerability Management (VM) has long been a cornerstone of organizational cybersecurity. Nearly as old as the discipline of cybersecurity itself, it aims to help organizations identify and address potential security issues before they become serious problems. Yet, in recent years, the limitations of this approach have become increasingly evident.  At its core, Vulnerability Management processes remain essential for identifying and addressing weaknesses. But as time marches on and attack avenues evolve, this approach is beginning to show its age. In a recent report, How to Grow Vulnerability Management into Exposure Management (Gartner, How to Grow Vulnerability Management Into Exposure Management, 8 November 2024, Mitchell Schneider Et Al.), we believe Gartner® addresses this point precisely and demonstrates how organizations can – and must – shift from a vulnerability-centric strategy to a broader Exposure Management (EM) framework. We feel it's more than a worthwhile read an...

Have you been infected with the insidious CoinVault or Bitcryptor ransomware? If so, there is some potentially good news for you. You may now recover your encrypted files for FREE! – Thanks to the efforts of Dutch police and antivirus maker Kaspersky Lab. Security researchers from Kaspersky Lab and the Dutch Public Prosecution Service have obtained and published the last set of encryption keys from command-and-control (C&C) servers used by two related ransomware threats – CoinVault and Bitcryptor . Security researchers first observed CoinVault ransomware attacks in May 2014. Since then, CoinVault has made more than 1,500 victims in more than 108 countries. In April 2015, the Dutch police obtained ' Decryption keys ' database from a seized command and control server of CoinVault. Ransomware Decryption Tool Those decryption keys were then used by Kaspersky Lab to set up a Ransomware Decryptor Service , which included a set of around 750 decryp...

Are you one of those Windows users who have found themselves as victims of the CoinVault Ransomware ? If Yes, then we have a Good news for you: Victims of CoinVault ransomware can now decrypt their files encrypted by malware using a free tool released by Kaspersky Lab. With the Help of The National High Tech Crime Unit (NHTCU) of the Dutch Police, Security Researchers at Kaspersky Labs have developed ' CoinVault Ransomware Decryptor ' that decrypts files locked by ransomware like CoinVault. Ransomware malware is a growing cyber threat in which hackers primarily gain access to a user's system and demand a ransom be paid. Ransomware malware infects a computer or device to restrict the user's access to the infected computer. Typically, the ransomware malware will either 'lock' the computer to prevent normal usage or encrypt the files on it to prevent access. Recently, during an investigation of the CoinVault ransomware, the Dutch police we...