Categories: CryptoNews

Jigsaw Ransomware Can be Tricked To Believe A Bitcoin Payment Was Made

Ransomware is a threat to computer users and enterprise networks all over the world. This ongoing battle between Internet criminals and security researchers has been a matter of one-upping one another. Jigsaw, a relatively new type of ransomware, has been decrypted once again. This may only be a temporary reprieve, though.

Security Experts Trump Jigsaw Ransomware Again

The sheer amount of different Bitcoin ransomware types keeps security researchers on their toes around the clock. In the case of Jigsaw, however, that battle seems to be going a bit smoother. For the second time in its four-month existence, the ransomware has been decrypted. Infected users will not have to pay a Bitcoin fee to restore file access. That is, unless the creators come up with a new version in the coming months.

What makes the Jigsaw ransomware so notorious is not its technical prowess, but rather the way it behaves. Infected devices will display an eerie image of the Saw movie franchise. Moreover, this malware threatens users by presenting a countdown timer for the Bitcoin payment. If these demands aren’t met, thousands of files will be deleted every hour. Restarting the computer won’t help much either, as that would result in file deletion as well.

So far, there have been multiple decryption tools which can eliminate the Jigsaw threat. Despite the successes by security researchers, Jigsaw remains persistent in its attempt to collect bitcoins from infected computer users. Now that security researchers decrypted the “tool” used to check if payments were made, by passing the infection is a trivial matter.

Related Post

All it took was replacing the Bitcoin address used when the ransomware makes a “check account balance” query. This is a rather easy bypass, and something the Jigsaw developers should have taken into account. After all, if they can cobble together ransomware, they certainly can eliminate the option to mess with the variables.

It remains unknown what will happen with the Jigsaw ransomware moving forward. The creators do not seem bothered by the fact their tool can be decrypted with relative ease. Most victims will gladly pay the US$150 Bitcoin fee to restore file access. Moreover, this temporary victory may trigger the developers to step up their game once again.

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

$50M AAVE Purchase Sparks Debate Over DeFi Safeguards

A massive decentralized finance trade has drawn widespread attention after a user attempted to purchase…

14 hours ago

Ethereum Sets Out To Become A “Sanctuary Technology”

Ethereum co-founder Vitalik Buterin has unveiled a newly released Ethereum Foundation (EF) Mandate, outlining the…

14 hours ago

TOKEN2049 Dubai Postponed To 2027 Following Security Concerns After Regional Drone Attacks

One of the world’s most prominent cryptocurrency conferences, TOKEN2049, has officially postponed its upcoming Dubai…

14 hours ago

Vitalik Buterin Reconsiders Ethereum’s Core Role, Says Data Availability May Matter More Than Smart Contracts

Discussions around blockchain technology often place smart contracts at the center of everything. But recently,…

2 days ago

XRP ETFs Pull About $1.4B Inflows as Retail Investors Lead Demand, BlackRock Launches Ethereum Staking ETF

Interest around crypto exchange-traded funds (ETFs) continues to grow, and new data suggests that XRP-related…

2 days ago

Ledger Researchers Reveal MediaTek Flaw That Could Expose Crypto Wallets on Android Phones

Security researchers at Ledger say they have uncovered a serious vulnerability affecting Android smartphones that…

3 days ago