Ranscam Not Playing By The Rules Of Ransomware

Jul 14, 2016

Ranscam Not Playing By The Rules Of Ransomware

BY Chris Brunau

Cybersecurity Ransomware

There’s a new type of ransomware in town, and it doesn’t follow the conventional methods we’ve seen in other strains. Typically, if your data is encrypted by ransomware and you don’t have a backup (your first mistake), you pay a ransom to regain access to your files. However, that isn’t the case for Ranscam, according to CSO.

Ranscam demands a ransom of 0.2 Bitcoins, or roughly $130, but doesn’t give victims a chance to pay up. As soon as the ransom message pops up, Ranscam forces the machine to reboot, and deletes your encrypted files. According to Talos, Ranscam is designed to use scare tactics to attempt to gain a ransom payment from the victim, but doesn’t follow through with the conventional methods of other forms of ransomware when it comes to returning your data. Ars Technica points out that this destructive method is a problem, and doesn’t accomplish anything for the hackers.

As CSO points out, a solid antivirus and real-time malware protection program and backing up your files regularly are two key factors in the fight against ransomware. If you’re looking for some more ransomware tips, we’ve got you covered.  We’ve put together an entire eBook full of tips and advice for training employees on how to protect their company. To learn more including real-life examples of scams and a cybersecurity checklist, download our eBook: The Essential Cybersecurity Toolkit for SMBs.

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