Jayce talks about the rise of Ransomware
Malware developers have been forced to code more advanced software as security measures evolve and people become more educated. They need to be a little more tricky now, and the bad news is these attackers are not really falling behind the big corporations that try to protect us. Ransomware has become especially advanced, and one is currently spreading across America.
Let’s start by telling you what Ransomeware is. This specific kind of malware aims to take money from users by fooling them into willingly paying certain amounts of cash. In this case it would be $500, which is a significant amount of money. It’s also an Android LockScreen Trojan, which means it can lock users out of their devices.
This ESET-discovered malware goes by the name of Android/Lockerpin.A, and it is quite a nasty bug. After successful infection, the software will try to fool you into granting it Device Administrator rights. The trick here is that it does it in very sneaky ways.
In this case, the administrator privilege page is overlaid with a fake window that claims to be a patch update. Of course, inexperienced users may fall for this and press continue, which would be very bad news. The device is now infected and this software has Administrator rights over your phone. It can even change your PIN number and lock you out of your smartphone.