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CryptoWall Ransomware raised $325 Million in Revenue for Its Developer

CryptoWall Ransomware raised $325 Million in Revenue for Its Developer
Oct 30, 2015
The Creators of the notorious CryptoWall ransomware virus have managed to raise more than $325 million (£212 million) in this past year alone. Ransomware has emerged as one of the biggest cyber threats to web users in recent times. Typically, hackers primarily gain access to a user's computer system using a ransomware malware, which encrypts all files with a strong cryptographic algorithm, and demand a ransom money to be paid in Bitcoin, typically between $200 and $10,000. In June 2014, researchers first discovered the CryptoWall ransomware attack, and currently, the latest CryptoWall version 3.0 (CW3) is the most sophisticated and complex family of this malware backed by a very robust back-end infrastructure. Must Read:   FBI Suggests Ransomware Victims — 'Just Pay the Ransom Money' According to the latest report  ( pdf ) published by Cyber Threat Alliance (CTA) , an industry group formed last year to study emerging threats, researchers have disco

FBI Suggests Ransomware Victims — 'Just Pay the Ransom Money'

FBI Suggests Ransomware Victims — 'Just Pay the Ransom Money'
Oct 27, 2015
Your Headache is not my Problem. If your computer gets hacked and infected with malware that holds your data for ransom, just pay off the criminals to see your valuable data again and do not expect the FBI to save them – it's what the FBI is advising concerning ransomware . Ransomware is a sophisticated malicious software that lets hacker encrypts all the contents of a victim's hard drive or/and server and demands ransom (typically in Bitcoins) for the decrypt key. Also Read:   Free Ransomware Decryption and Malware Removal ToolKit Federal agencies and the FBI have long urged people not to pay ransom to the criminals, as there is no guarantee that they will even receive an unlock key. The FBI – 'Better Pay up the Ransom' However, while speaking at the 2015 Cyber Security Summit on Wednesday, Assistant Special Agent Joseph Bonavolonta , who oversees the FBI's Boston office, advised the companies infected with ransomware to better pay up th

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CoinVault Ransomware Decryption Tool Released

CoinVault Ransomware Decryption Tool Released
Apr 14, 2015
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
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