Panda spots new ransomware


Panda spots new ransomware

Antony Savvas

Web security software firm Panda has spotted a new "ransomware" strain that is threatening to fleece internet users.

The company's Panda Labs has uncovered the Sinowal.FY threat, which is malicious code that encrypts users' files so that they cannot access them.

The malware then demands a £150 ransom for giving them a tool to decrypt the files, as well as the decryption key.

When Sinowal.FY installs on the system, it encrypts every single document on the hard disk and creates a file called "read_me.txt" with the kidnapper's demands.

Luis Corrons, technical director at Panda Labs, said, "This Trojan threat belongs to the Synowal family, traditionally used to steal passwords and banking details.

"This variant, however, not only does that, but blackmails users by encrypting their data so that they cannot access it. This is an example of how malware creators are trying to get as much benefit as possible from a single malware creation," he said.

Talking Trojan strikes >>

Chinese make worm arrests >>

Trojan rootkits spread on web to steal data >>

Comment on this article:

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy