Researchers have found a new version of the CryptXXX family of ransomware that they say has already netted payments of about £26,000 during a period of less than three weeks.
The new variant illustrates the growing problem posed by ransomware, which encrypts a system’s files and then demands payment to unlock them. The malware has attracted increasing attention from computer criminals in recent months due to a number of large payouts, according to researchers.
The changes mean that it is now impossible to decrypt files without paying the ransom, the company said.
The firm found that the address associated with the latest CryptXXX variant had received 61 payments totalling 70 Bitcoin over a 17-day period ending last week. The firm calculated the value of the Bitcoins at about $35,000 (£26,000).
“With this kind of success, it’s likely we’ll continue to see this family and other ransomware families continue to grow and evolve,” SentinelOne said in an advisory.
The ransomware, like other families, is spread mainly by junk email messages and its payload uses several different techniques to appear to be a legitimate Windows code library, SentinelOne said.
Once a system’s files are encrypted, the user is shown a note instructing them to go to a particular Tor web page, where there are instructions on how to purchase Bitcoins and use them to pay the ransom, the firm said.
The site also provides a test decryption service that works on files up to a limit of 512KB.
Researchers advise organisations to have strong, multi-tier security systems in place to prevent malicious attachments from reaching users.
Fourth quarter results beat Wall Street expectations, as overall sales rise 6 percent, but EU…
Hate speech non-profit that defeated Elon Musk's lawsuit, warns X's Community Notes is failing to…
Good luck. Russia demands Google pay a fine worth more than the world's total GDP,…
Google Cloud signs up Spotify, Paramount Global as early customers of its first ARM-based cloud…
Facebook parent Meta warns of 'significant acceleration' in expenditures on AI infrastructure as revenue, profits…
Microsoft says Azure cloud revenues up 33 percent for September quarter as capital expenditures surge…