Tuesday, 13 November 2012

Ransomware Malware and Scam

Author: jishnu

The rise of the internet has opened up the world to millions of people. It is now possible to do things that were unheard of only ten or even five years ago.Unfortunately the internet is not free from scams and scammers. Some scams are especially designed to take advantage of the way the internet works.

A lot of internet scams take place without the victim even noticing. It is only when their credit card statement or phone bill arrives that the person realises that they might have been scammed. There are, however, several ways to protect yourself from internet scams. They are simple but essential precautions you can take because you often cannot be sure exactly who you are dealing with on the internet.How you access the internet can also make a difference. If you take the right precautions, the chances of being scammed are greatly reduced.

You may be wondering by the name ransomware ,as the name implies it is a malware that asks for ransoms. This malware locks down the infected computer and demands electronic payment for cure. A study conducted by Symantec found 16 variance of this malware. The most common method is that the malware locks down the victim's computer and shows a popup claiming from law enforcement department and asking for an electronic payment.

The malware determines the geographical location of the downloaded system and customize the message according to that place. For example if the victim is from US, The popup message will be from FBI. The messages claims the user have viewed illegal or copyright protect content and should pay a fine of this much amount or face arrest. Infection is through drive by download mostly from pornographic websites.
Victims are prompted for an electronic payment that required them to purchase a PIN from vendor's like Moneypak, Paysafecard etc. The ransomware malware will send this PIN to the Servers from where the attackers can access it. According to Symantec study on a particular variant of Ransomlock Trojan, the gangs behind this scam got a net profit of $400,000 in a month. The gangs behind this scam are increasing in number and they are taking this to a professional level.Intialy these scams has been limited to Russia and Eastern Europe but now it is spreading out in US also.

In August, the FBI warned of a similar scam involving the Reveton malware, which was related to the Citadel banking Trojan. Reveton included a fake FBI warning that the victim's IP had been linked to child pornography. The FBI said some people paid up and still required help removing the malware, which in some cases also included a keylogger.

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