Education

Bitcoin Ransomware Education – Synolock

Most people will be well aware by now how Bitcoin ransomware can come in a variety of forms, and how no two versions share many similarities. Synolock is an especially interesting – yet also limited – piece of malware that is designed specifically to target owners of a Synology Disk Station. All of the files on the NAS are encrypted, and the only way to restore access is by paying a Bitcoin fee.

 

Also read: Bitcoin Ransomware Education – Troldesh

Synolock Encrypts Your NAS

File encryption is the bread and butter of any form of Bitcoin ransomware, and Synolock seems to be no different on the surface. However, there is a major difference with other types of malware, as this infection will only encrypt the files stored on a Synology Disk Station. A lot of people use these types of devices as a NAS, and the hardware comes with its very own operating system.

 

Older versions of the Synology Diskstation Manager software were vulnerable to Synolock, as the malware exploits a security flaw letting attackers lock others out of the files through remote access. Moreover, by installing Bitcoin ransomware on these devices, internet criminals can force Synology owners to pay a ransom if they want to regain control over their files.

 

Related Post

While the Bitcoin ransomware fee was fairly limited – 0.6 Bitcoin at that given time – there was a rather easy way to circumvent this problem altogether. Customers who were affected by Synolock were advised to disconnect their NAS from the router, and update the software to the latest version. A data backup is always a good idea, which should come naturally when people are dealing with a NAS to begin with.

 

Moreover, Synology would also offer help to affected users through their Knowledge website. All in all, the Synolock issues were contained fairly quickly before any major damage could be done. By targeting Synology devices only, the people responsible for Synolock tried taking a different approach to the Bitcoin ransomware game, albeit without much success.

Source: Macobserver


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

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…

52 mins 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…

56 mins 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…

6 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

Forget DOGE and SHIB: These 5 Memecoins Are 2025’s Millionaire Makers

The memecoin craze is evolving, and a new wave of contenders is rising. With fresh…

1 day ago