Thursday, 8 June 2017

14 Year Old Japanese Boy Arrested For Creating And Launching Ransomware WannaCry

Virus, malware and adware creation is no more things only for adult, this dayd children have joined the trian. A 14 years old boy has been arrested in Osaka (a prefecture and large port city) by Japanese authority. He was arrested for allegedly creating and distributing Ransomware malware. This is the first such arrest in Japan involving a Ransomware-related crime.

If will can recall a news about the wicked Ransomware surface on this blog. Ransomware is a malware that infects computers, encrypts its files and makes them inaccessible until the victim pays for the encryption keys needed to restore the PC’s contents – usually through bitcoin. This malware has attacked many computers worldwide and the WannaCry ransomware hit over 300,000 PCs within just 72 hours just last month.

The high school student allegedly created a ransomware virus and uploaded its source code online, reportedly gaining access to more than 100 computers – although there have been no reports of financial exploitation.

The student reportedly told authorities that he learned the code on his own, and created the malware on his home computer in a matter of days in an effort to become famous.

The malware was discovered by the Kanagawa Prefectural Police during ‘cybertrolling’ duties in January. It confiscated his computer after searching his house in April, reports The Japan Times.

The use of ransomware for cyber attacks is on the rise. Just last month more than 300,000 computers, across 150 countries, were infected with WannaCry ransomware within 72 hours.

The WannaCry malware works by sending users a text file with a ransom demand for some US$300 worth of bitcoins. It also installs a countdown timer on the victim's system, demanding that the ransom is paid to avoid having private files deleted.

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