New PowerWare Ransomware Variant Mimics Locky To Increase Bitcoin Revenue

Ransomware which identifies as a different type of Bitcoin ransomware is not something we see every day. Scare and intimidation tactics are not uncommon in the world of malware and malicious tools, though. Powerware, a new ransomware recently discovered seems to take on the appearance of Locky. The goal is rather simple: scare victims into paying the Bitcoin ransom.

PowerWare Is PiggyBacking in An Odd Way

As if ransomware is not a big enough threat, things get even more interesting when one malware tries to be something else. The latest variant of the PowerWare ransomware is riding on the Locky coattails, as the developers hope to increase their revenue by employing this tactic.

What this new version of PowerWare does is use the same file extension to encrypt data as if Locky would be involved. Moreover, the same ransom note is being used, and the help instructions are a clear copy of the Locky message.An interesting tactic for sure, although it remains to be seen how successful this approach will be.

It has to be said; PowerWare is one of the less powerful types of ransomware in the wild today.

Read more ... source: LiveBitcoinNews