Within the last month, Internet security companies have discovered a new type of “ransomware” named Cryptolocker.
Ransomware has been around for a while. You may have seen those fake popup windows that show up on some websites saying “Your Computer is Infected! Click here to clean it!” Once you click, you’re prompted to run some shady software, and then that software keeps throwing up “Pay me or these screens will keep popping up” warnings.
Rogue antivirus software is the most common type of ransomware, but Cryptolocker puts a new twist on holding your computer hostage…and it’s both genius and a scary at the damage it can do. Unlike rogue antivirus software (which pretty much just keeps generating pop-up windows), Cryptolocker searches out all of your documents, photos, music files…anything you hold dear on your computer, and then proceeds to encrypt them with military-grade encryption. After it does this, a countdown screen appears and you have until the timer runs out to pay $300 (US) to obtain the key. As mentioned this is military grade encryption, meaning it has one key to unlock your files, and if that key is lost not even the NSA can get your files back. Read more of this post