Tuesday, 22 March 2016

Chinese Hackers Behind U.S. Ransomware Attacks Security Firms

Hack

A group of four security firm investigating the cyber attacks on the U.S. based companies has found that most of the hackers make use of the same tactics and tools which were once associated with the Chinese government supported cyber attacks. Ransomware has become a major tool for unleashing the cyber attacks on the unsuspecting common users. Ransomware as the name suggests simply take over the control of the system and very carefully encrypts all the data stored on the system which leaves it inaccessible to the users. In order to get back the access users are required to a ransom of few Bitcoins.

Hackers tricks users into installing Ransomware

Security firms have stated that hackers use various complex and highly intelligent ways to spread ransomware by actively exploiting the vulnerabilities found in the application servers. Once vulnerability has been compromised hackers tricks users into installing ransomware on their devices. In one of the recent attacks more than 30% of the machines at transportation and a technology firm were infected with the ransomware.

The rise of ransomware over the years

Ransomeware aren’t something new as it has been in wide usage by the cyber criminals over a decade. In the beginning unsuspecting users were lured into downloading infected programs or antivirus suits which when installed happens to overtake the device and requires a ransom of certain amount in order to get back the access.

However in the recent years cyber criminals has got hand at the better encryption techniques which ensures that users wouldn’t be able to get access to their files without paying the ransom. Formatting the devices is a great way to do away with the ransomware but it comes at the cost of losing all the data associated with device. Ransomware payments are mainly made in the virtual currency Bitcoin which offers secrecy from governmental agencies and others.

‘Mind’ game behind ransom

Ransomware happens to be one of the most successful tools of the cyber criminals as a greater percentage of infected users end up in paying the modest ransom amount for their inaccessible data. Cyber criminals usually set a modest price as a ransom in order to give back the access to the users. Most of the victims are willing to pay this amount in order to get back their data and it also results in getting positive response in the online sphere. Assume a victim pays about 1 or 2 Bitcoin which amounts to $600 and he gets back the access to its data and he give a feedback on the online forums that he was relieved to get access to data finally after paying then ransom operators. In short all the other victims searching for this malady online will be more willing to pay on basis of this feedback.

On other hand security firms have warned victims that paying ransom will only end up in making cyber criminals much more ambitious. Very soon they will shift from asking ransoms of few Bitcoins to performing some complicated scams and credit card theft as well.

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