Bitcoin Ransomware Education – Crypweb

Not every type of ransomware is targeting computers, as some variants will go after web servers as well. There is nothing more frustrating than not being able to access one’s own website because the remote server is held hostage by a ransomware infection. Crypweb was one of those types of ransomware that encrypt the database if a website, rendering the platform entirely useless. Plus, it shared some similarities with other forms of Bitcoin ransomware.

Also read: What Gives Bitcoin Value?

Crypweb Shuts Down Servers And Platforms

Most websites in existence today use some form of

database to store all of the information. Whether one runs a personal blog of a full-fledged e-commerce platform, there is always some central place where information is stored. Users can – and should – make a backup of this database on a regular basis, to avoid data loss.

In the case of Crypweb, a database backup could come in handy when the web server was infected by ransomware. What this malware does is encrypt all of the content in the website database, making the platform inaccessible.Users could bypass this attack through a secure HTTPS connection, where they were greeted with instructions to contact the people in charge of Crypweb.

As one comes to expect from ransomware these days, site owners were forced to pay an undisclosed amount of

Related Post
Bitcoin to have their files decrypted. However, the decryption of data, as well as the payment, occurs through a command and control server linked to the Crypweb infection.

While this may seem like a genius move on the part of the assailants, it also allows security experts and law enforcement to take these command and control servers offline rather quickly. Most types of ransomware using this C&C method are shut down in a matter of months; Crypweb faced a similar fate, as this strain of malware is becoming far less common.

Even though Crypweb did not claim many victims, this particular Bitcoin ransomware pointed out a weakness in centralized database solutions. If it only takes one file to shut down an entire server, imagine what this malware can do to major websites with centralized databases. Information needs to be stored in a decentralized manner, although it will take many years until people start to realize that to the fullest.

Source: TrendMicro

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

13 mins ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

1 hour ago

IntelMarkets (INTL) Receives Massive Demand From Chainlink And SUI Investors Looking To Position For The Best Bull Run Gains

As the cryptocurrency market gears up for a bull run, IntelMarkets (INTL) is attracting significant…

1 hour ago

FOMO Selling Trigger $1 Billion Liquidations as LINK & SOL Bleed Heavily; What to Do Next?

In the past, Chainlink (LINK) and Solana (SOL) have been among the most discussed altcoins…

7 hours ago

Qubetics $7.4M Presale Revolutionises Blockchain as Bitcoin and Chainlink Drive Innovation: Best Cryptos to Buy for 2025

The crypto market is abuzz with excitement as 2025 approaches. While Bitcoin continues to dominate…

12 hours ago

Best Altcoins to Buy Today: Why Qubetics’ Presale Could Be the Best Investment Opportunity of 2024

The cryptocurrency market never sleeps, and every day feels like an adventure. From household names…

18 hours ago