New Ransomware Dubbed "Cryptowall" Causing Havoc

Once CryptoLocker left the scene, you knew it was only a matter of time before another type of ransomware was let loose to prey on users. Cryptowall is the new ransomware that has been encrypting the files of users through means of security exploits and social engineering.

So how does this new ransomware work? According to PhishMe.com writer Ronnie Tokazowski, users are tricked into engaging with infected advertisements and attachments. Once the user has clicked the infected link, the Cryptowall then uses gaps in programs such as Java, Flash, and Silverlight to enter the computer. Once the ransomeware has access to your files, it encrypts them and then produces a ransom notice on your computer screen. The screen begins with a $500 ransom and prompts you on how to pay the ransom. If the victim fails to pay the first ransom by the deadline given, the ransom amount then increases to $1,000. It is estimated the organizers of Cryptowall have already acquired $80,000 using the ransomware.

You may think that you could be left helpless when it comes to Cryptowall; however there are some ways to guard yourself and your business. Inform all employees using your servers and computers about the new ransomware. Make them aware of possible e-mails they could be sent prompting them to click a Dropbox link to receive a new fax or voicemail. Also make sure your users know to not open any attachments or e-mails in general that seem suspicious. Keeping your antivirus and firewall protection updated can also protect you from the ransomware.

There is also good news coming from the FBI in the matter of ransomware. It is reported that Evgeniy Mikhailovich Bogachev, a Russian national, has been targeted as the possible head of the CryptoLocker and Gameover Zeus operation. The two ransomware programs have made a profit of over $100 million. “Operating Tovar”, an operation being launched by the U.S. Justice Department, is focusing on finding those responsible for the ransomware and shutting down the two operations.

At Improve Your IT, we focus on protecting your servers and computers from attacks by ransomware such as Cryptowall. With services such as Managed Anti-Virus, Server Monitoring and Online Backup, your computer and servers will be protected from harmful ransomware. Improve Your IT has been protecting the Baltimore area since 2010 and continues to grow to better serve our expanding client base.

To get protected with Improve Your IT, call us at 410.575.3445, or visit our contact page.