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Cryptowall: Same dangerous ransomware, new name

Cryptowall: Same dangerous ransomware, new name
Photo courtesy of Shutterstock

Remember CryptoLocker? It's the specialized ransomware that encrypts your files and then gives you 72 hours to pay to get the files back. It's a scary virus, although the FBI managed to knock it down a peg or two.

Unfortunately, its successor has just arrived.

Cryptowall follows the same basic principles as CryptoLocker. The big difference is that the price to recover your files is much higher than its predecessor.

Learn how to shield your smartphone from a new version of CryptoLocker.

Starting at $500 to decrypt your files, the price doubles every three days. The program even offers to decrypt one of your files for free to prove that it isn’t bluffing.

Victims who decide to pay their computer’s ransom are directed to Tor, an anonymous browser. This lets the cybercrooks receive your payment information, while keeping their identities secret.

If Cryptowall ends up on your computer, your only choice is to pay up or lose all of your files.

Don’t let Cryptowall get near your data! Follow these 3 simple steps to detect, remove and prevent viruses.

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