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 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.

Related Post

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

TRON Leads All Blockchains in November Fees as Perpetuals Trading Surges 271%

TRON ended November as the top blockchain by fees, extending its dominance in payment infrastructure…

1 day ago

Prediction Markets Hit New All-Time Highs as November Volume Surges to $14.3B

Prediction markets just locked in another breakout month. November closed with $14.3 billion in total…

1 day ago

Trust Wallet Launches Native Predictions: A New Era for On-Chain Betting

Trust Wallet is stepping into a completely new lane. The CZ-owned self-custody wallet has launched…

2 days ago

Kraken Acquires Backed to Supercharge Tokenized Equities as xStocks Enters Its Next Phase

Kraken has announced the acquisition of Backed, the tokenization platform behind some of the fastest-growing…

2 days ago

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live, Sparking Massive Buyer Rush

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live,…

3 days ago

Europe Takes Down Cryptomixer: A $1.4B Bitcoin Laundering Machine Falls After Eight Years

Europe just shut down one of crypto’s longest-running shadows. Germany and Switzerland, backed by Europol,…

3 days ago