The Bitcoin community now has more worrying things on its plate. As if hacking incidents plaguing cryptocurrency exchanges aren’t enough, the number of malware and ransomware threats on the rise. In the past couple of weeks, a number of new malicious programs were detected by multiple cyber security firms. One look at the list is enough to know that no device is currently safe.
A new ransomware called Fantom is wreaking havoc among Windows machine users. The malware cleverly disguises itself as an official update from Microsoft, tricking users into installing it. According to Kaspersky, Fantom is in no way technically superior to other ransomware, yet capable of causing enough damage. It is said to use the open source EDA2 ransomware code.
It is considered as the master of deception as it not only presents itself as “WindowsUpdate.exe” but also simulates a Windows Update screen. While displaying the update screen, the ransomware encrypts a wide range of files, leaving the computer inaccessible.
Once the files are encrypted, the ransomware displays a notification asking the victim to contact the ransomware distributor. The victim