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As with any black hat related activity, innovations are always emerging to circumvent security and exploit vulnerabilities. Older forms of ransomware was mostly kept by specific groups of hackers that would utilise it solely for their personal gain.
In return for this service, the developers of this ransomware take 25% of all ransom payments. Victims of ransomware are presented with a ‘lock screen’ which informs them that all their files have been encrypted together with a message demanding a certain amount of Bitcoin payment in order to decrypt their data.
New variations of this malware will continue to rise as they are an easy way of making money and so far there is no way of decrypting the majority of ransomware as they use strong encryption that is used within the Internet.
The worrying factor for this new ransomware is the implications of it being offered as a service as opposed to keeping it within the confines of a few groups; when coupled with ease of use and quick money, it is fairly easy to see how this can spread like wildfire among unsuspecting users.
Time and time again, the basic best practices of security are repeated to warn people of the risks of this compromise. In this case, crucial safeguards would be to avoid visiting malicious websites and being extra cautious with email attachments by verifying the email source.