Shark ransomware: scam or legitimate threat? Or both?

by Derek Kortepeter
Sept. 1, 2017 1 comment TechGenix Encryption & Authentication ransomware

A relatively new type of ransomware has emerged in the security world. Called Ransomware as a Service (RaaS), the concept is that the creator of the ransomware retains a certain percentage of what the hacker gets following a successful attack. Security researchers at GrujaRS have uncovered a new RaaS called Shark being sold in the more suspicious corners of the Internet. Shark (Trojan.Ransomcrypt.BG) is said to require, according to Symantec, “a 20 percent cut of any ransom payments it generates.” The website responsible for distributing Shark is not charging any money to use the virus, and is even providing detailed instructions on its usage (perfect for script kiddies). Symantec reports that, according to Shark’s developers, the malware “is fully customizable, uses a fast encryption algorithm, supports multiple languages, and is “undetectable” by antivirus software.” The irony here is that the last phrase is a total lie as antivirus developers (including Symantec) have already r...

2flash 7 months, 3 weeks ago

I am inclined in thinking both. I enjoyed reading it, but I would have love reading more about the "legitimate threat" part.