Cyber criminals have kicked it up a notch with nasty malware that locks you out of your machine and holds it for ransom.
July 17, 2014
PCs aren't the only targets of ransomware: Now there's a form that targets Android devices. One such variant is Simplocker -- mostly found in Russia and Ukraine -- that poses as an Android app that, once installed, finds files and encrypts them. The good news, researchers say, is it's more of a "proof of concept" at this point.
"It operates as crypto-ransomware and does encrypt popular consumer document files," Bambenek says. "It is theoretically possible to recover files because the private key is not stored elsewhere but in the code of the malware itself."
(Source: Blue Coat)
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