Bitcoin Ransomware Education – TeslaCrypt

TeslaCrypt is just one of the many variants of Bitcoin ransomware to make waves among Internet users in 2015. As this malware was not based on any previous version of ransomware to make media headlines, it did bring something entirely new to the table to targeting gamers in particular.  However, the number of infections and ransom funds paid remained relatively low due to this niche approach.

Also read: Bitcoin Ransomware Education – CrypAura

TeslaCrypt Infects Gamers With Bitcoin Ransomware

Whereas most other variants of Bitcoin ransomware look to affect as many Internet users as humanly possible, TeslaCrypt decided to take an entirely different approach. What sets this malware apart from the rest is not just its entirely different codebase, but also the fact it purposefully targeted gamers.

Anyone who had games or gaming software installed on their computer – particularly Steam users – was of high interest to the hackers behind TeslaCrypt. In addition, this malware would still encrypt important files and documents, and prevent file recovery by installing a previously made backup.

It remains a mystery to this day as to why TeslaCrypt decided to go after the

Related Post
gaming population exactly. Some security experts speculate this had to do with the fact how companies and entrepreneurs were better prepared for Bitcoin ransomware attacks by now, or they may be an entirely different reason altogether.

At the same time, games are quite important to the younger demographic of computer users, as they tend to care less about files and documents being lost. Recovering game-related data, such as a Steam inventory, save games, or even modifications and add-ons, could be a more lucrative market for Bitcoin ransomware.

With a large focus on single player and online games, TeslaCrypt had the potential to claim many victims. Steam is the most popular gaming platform in the world, and games such as League of Legends and World of Warcraft attract millions of players around the world. But in the end, the damage was nothing out of the ordinary, as TeslaCrypt did not make a major impact.

Source: Trend Micro

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

Cheems Surge On BSC Network: A Rising Star With Growing Market Value

The Cheems token on the Binance Smart Chain (BSC) is gaining significant momentum, surging by…

4 hours ago

Lester Token Crashes 40% Following Official Announcement

The value of $LESTER plummeted by 40% in the past 24 hours, leaving its market…

4 hours ago

From $30K To Millions: The Wild Journey Of $Quant And Xiaohaige’s Memecoin Stunts

In a bizarre turn of events, a young live-streamer known as Xiaohaige created the memecoin…

4 hours ago

Whale “convexcuck.eth” Makes Bold $CVX Move, Nets Significant Profit Amid Price Surge

The crypto whale known as "convexcuck.eth" has made waves in the DeFi world, spending $2…

4 hours ago

$ELIZA Token Launch Marred By Insider Trading Allegations

The launch of $ELIZA, a token introduced by Andreessen Horowitz (a16z) partner @shawmakesmagic, has sparked…

4 hours ago

Cardano’s Rally Highlights Diverging Moves Among Investors

Cardano ($ADA) has been making waves in the crypto market, breaking away from the altcoin…

4 hours ago