New Ransomware Detected

ransomware

New Ransomware Detected

A new malware strain has been identified. Nicknamed Babuk Locker, the strain is aimed squarely at corporate networks.

Based on an analysis of the code, security experts have concluded that the malware was designed by mid-level hackers.

It’s a bit of an amateur effort, but the malware is proficiently designed, and the encryption function is rock solid, so if you fall victim to this ransomware, there’s no unlocking the files. You are either going to have to restore from backup or pay the ransom in Bitcoin.

Babuk has only been used in a handful of attacks so far this year. However, we could be seeing the beginnings of a significant campaign. As far as ransomware goes, the creators of Babuk do not seem to be exaggeratedly greedy. The ransoms they have been demanding have ranged from $60,000 to $85,000 USD, payable in Bitcoin.

Given that the average last year was just over $110,000 USD, that is not awful. Make no mistake, having to pay any amount of money to access your own files is unacceptable, but if you do fall victim to some type of ransomware, this is one of the least expensive strains out there.

In any case, the best-case scenario is to never fall victim to a ransomware attack in the first place. Given that these types of attacks have become many hackers’ go-to option, it pays to review your current security protocols and see if there is any room for improvement.

Have your IT service provider review all aspects of your organization to ensure that your network is secure and your data is backed up.

Need Help? Contact Radiant Technology Solutions today for a free network assessment!

727-493-4723

sales@radiant-tecch.net 

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