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Ransomware breakthrough software: CryptoDrop!

Scientists in Florida have developed software to stop ransomware in its tracks, sources from the BBC have confirmed. According to reports, the software called “CryptoDrop” can detect malware and stop it in its tracks.

This is big news, especially for businesses who have reportedly lost millions in paying ransomware demands because it’s less costly just to pay up and move on as opposed to hours lost getting systems back online which cost organisations even more money.
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Hackers hit BBC, MSN, AOL, New York Times, and host of others with fake adverts

Just this week we were posting about the rise of ransomware, and today the news agencies are reporting of a malicious attack that has infected users with ransomware when hackers were able to take control of banner adverts that linked to malicious software.

The hackers managed to gain control of a domain that the former owners didn’t renew, meaning that legitimate ad agencies were inadvertently displaying adverts that linked to a separate page that then tried to put ransomware on to their computers.
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Ransomware on the Rise

Ransomware is on the rise, and security experts are warning businesses and individuals to take extra care in the wake of a surge in reported cases.

Essentially ransomware has the capacity to lock a user out of their own system and demand a financial ransom by encrypting data on an infected device. The decryption key is then only made available once a ransom has been paid.

It’s a clever way in which scammers are making money – and we’re not just talking a few pounds here and there. Worldwide, the total amount of money being paid in ransomware is in the millions.
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