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Ransomware Roundup: Japanese police arrest 14-year-old ransomware suspect

Japanese authorities arrested an alleged ransomware cybercriminal for the first time earlier this week. In a surprise revelation, the suspect turned out to be a 14-year-old school boy. Police say the student admitted to creating the ransomware by using his home computer to gather information from various websites. The child told said he developed the ransomware to test his ability as a programmer, according to the Japanese newspaper The Asahi Shimbun. “I tested my skills, and I could make one,” he said, and “more than 100 people downloaded it.” The teen allegedly shared his malware with other cybercriminals by posting links on Twitter and other websites.

Botnet malware attacks on the rise
Researchers are warning that the practice of using botnets to spread malware is on the rise. Botnet operators are capable of completely taking control over affected machines and using their malicious networks to execute malicious tasks. However, it doesn’t just stop there, they can also use your email accounts to send out span and launch Distributed denial-of-service (DDoS) attacks. Botnets pose as a real threat because they have the powerful encryption capabilities and are difficult to detect. Read this article for advice on how to keep your business protected from botnets.

Expensive ransomware linked to larger cybercrime ring
Jaff ransomware, which first began targeting victims last month, has been linked with an online cybercrime marketplace that is used to sell compromised bank account information and access to hacked online shopping accounts. Researchers at Heimdal Security and the CSIS Security Group discovered that Jaff shares server space with an online marketplace. Jaff ransomware, which is reportedly similar to Locky ransomware, seeks an unusually high ransom payment of 179 bitcoins, or about $4,613.

For more news an information on the battle against ransomware, visit the FightRansomware.com homepage today.

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