Two enemies- ransomware and coronavirus

Endy Callahan

Lately, there were rumors that several hackers are distributing new malware. The messages that they sent via email were disguised as information on the spread of the coronavirus.

In a statement made on 18 March, Coveware an incident response company united with the company Emsisoft cybersecurity, to make access to malware-related services available for free to caregivers.

With the steady movement of coronavirus, a cybersecurity company has begun a support campaign to offer free assistance to public health providers who experience difficulties with ransomware that demands cryptocurrency.

The initiative is aimed at getting the organizations that were influenced operational in the limited time to decrease the impact on health care to the lowest amount.

Storm effects

As Emsisoft says, these kinds of attacks using ransomware have a seasonal tendency as the number of cases during the months of spring and summer spike.

The company also noted that the current year, the spike may be more obvious than normally due to possible system failures implemented by the virtual work environments introduced hastily and containing shortages.

Emsisoft made a report at the end of the previous year, that informed that 764 healthcare providers as a minimum suffered a ransomware attack in 2019, the company now, suggests that with the continuing disease such attacks “could tip the equilibrium and result in a major loss of life.”

Brett Callow, a threat analyst at Emsisoft, told Cointelegraph that, in the enormous bulk of malware occurrences, the vector of attack is an improperly secured distant access solution, or an email message or an adding:

He added they are expecting a growth in such incidents that could be extended over the classic recurrent spikes and, sadly, may happen together with coronavirus max out. This could be compared to a storm. The stakes are considerably greater than usual, the companies will propose decryption instrument development with technical testing of malware for free. Additionally, the services embrace post-ransom expenses data recovery supervision via custom decryption instruments, ransom mediation, and transaction managing. 

Bitcoin versus Ransowmare 

Lately, a group of primarily ransomware criminals began spreading new malware by saying that the software being sent by them contains useful information on the coronavirus spread.

Increasing risk in the market now is ransomware. It is getting dependent on technology ever-more for providing services and goods. In the latest meeting, the US Senate tested new actions to develop the cybersecurity measures, in addition to addressing ransom.Due to last week's major ransomware attack Bitcoin is placed back into the spotlight. People would wonder why opportunistic hackers use Bitcoin and why it could be their defeat.

Many questions arise on what Bitcoin is, the way it works, and why it is favored by hackers.

Research Director at Coin Center Peter Van Valkenburgh talked through these questions. To the question of why hackers are using Bitcoin, he said that the effectiveness of the network is what the criminals are using it for. It's the targets that include electronic cash, so it’s not difficult to make software that can demand payment automatically and automatically require that reimbursement has been made.