Telefonica announced a new tool created by its cybersecurity division to decrypt affected files by VCryptor.
On June 3, Spain-based telecommunications conglomerate, Telefónica, released a free tool to recover data encrypted by the VCryptor ransomware.
The tool, VCrypt Decryptor, was created as part of an international initiative titled “No More Ransomware”. This alliance was established by McAfee, Europol, Politie, and Kaspersky. It is one of several tools that aim to decrypt almost 134 types of ransomware.
VCrypt’s attack method
According to ElevenPaths, Telefonica’s specialized cybersecurity unit, VCryptor creates a password-protected .zip file in which it stores all encrypted data. It then generates new files with the extension “.vcrypt,” to replace the original files.
The ransomware then launches a message notifying the victim that the attack has been perpetrated. The are instructed to pay the attackers a ransom through cryptocurrencies in order to restore access to the files, with most hacker’s currency of choice being Bitcoin (BTC).
The free tool created by ElevenPaths aims to take advantage of a weak point in VCryptor’s encryption password method.
Ongoing efforts
Telefonica’s cybersecurity division has also been involved in creating free tools to decrypt files affected by PopCorn ransomware.
Cointelegraph reported on an alliance between Interpol and the cybersecurity firm, Kaspersky. Together they launched a campaign called “Anti-Ransomware Day”, set on May 12. The purpose of the day is to raise awareness about the effects of ransom-centric cyberattacks, which continue to affect people and businesses all over the world.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.