Categories: CryptoNews

Fantom Ransomware Disguises Itself As A Critical Windows Update

For those people who were wondering whether or not criminals would run out of ideas to create new types of ransomware, have no fear. Fantom, a new type of malware, disguises itself as a critical Windows update. But under the hood, this piece of software will do all types of harm to one’s computer, and decrypt all files in the process.

Fantom Is Not Your Average Critical Windows Update

Newer types of ransomware seem to pop up on a regular basis, and the season is far from over. Factom has recently been making the rounds and was first brought to people’s attention thanks to Sophos. While this is a ransomware type, it is not as potent compared to other versions of this malware.

According to the Sophos blog post, Fantom is not well-written. Nor has it been spread on a large scale just yet either. But that does not mean one should overlook this new malware, as it can cause significant harm to an infected device. Then again, its success may hinge on how well it can convince users into tricking this is a legitimate threat.

For those users who end up infected with Fantom, however, trouble will start brewing relatively quickly. If given the chance, it will work just as advertised. Files on the device will be encrypted, and users will need to pay a Bitcoin fee to restore access. This is the standard modus operandi among ransomware families these days.

Related Post

What is rather worrisome is how Fantom, despite its horrible English and lack of convincing skills, has been created using a publicly available framework.Criminals no longer need to have much programming knowledge to create new types of malware. For now, it is anybody’s guess as to what one should look out for to deal with this infection.

By disguising the malware as a critical Windows update the Fantom developers have increased their chances for success. However, everyone should be aware of how Windows Updates are never available in the form of executable files. Avoiding that filetype altogether should ensure no one ever needs to deal with Fantom ransomware moving forward.

Image credit 1

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

Supreme Court Delays Ruling On Trump Tariffs As Market Odds Swing Sharply

The U.S. Supreme Court has delayed its highly anticipated ruling on the legality of President…

2 days ago

Trump Closes Pardon Door As SBF and Other Controversial Figures Get Crossed Off

President Donald Trump has officially closed the door on any possibility of a pardon for…

2 days ago

Ethereum Crosses $300B In Application TVL As Network Dominates Global On-Chain Settlement

Ethereum has officially crossed the ~$300 billion mark in application total value locked (TVL), solidifying…

3 days ago

SEC Approves First Spot Chainlink ETF For U.S. Markets

The U.S. Securities and Exchange Commission has approved Bitwise’s spot Chainlink ETF, marking the first…

4 days ago

Rumble And Tether Launch Integrated Self-Custodial Wallet

Rumble and Tether have officially launched the Rumble Wallet, a self-custodial crypto wallet integrated directly…

4 days ago

BNB Chain Sets Fermi Hard Fork For January 14 Upgrade

BNB Chain is preparing to activate its Fermi hard fork on January 14 at 2:30…

4 days ago