WanaCrypFake, a strain of ransomware that attacks user’s files was on a top bulletin in the past as malicious software, especially in the crypto industry. However, a Cybersecurity firm Emsisoft recently announced that they released a solution to this bug.

Thanks to Emisisoft software firm for releasing a bug fix for the bitcoin-demanding ransomware WannaCryFake. Essentially, this software is the next version of the WannaCrypto worm which first began attacking user’s computer networks in May 2017.  However, the report reveals these types of attacks surged by 118 percent this year.

Accordingly, such software first attack user’s computer and the data is held hostage and then infected victims will be demanded to pay for decryption in bitcoins. The malicious software further urged users to pay in bitcoins at earliest and upon receiving the bitcoins, the software claims that it will send the tool to the infected victim to decrypt all their files.

The infected victim will receive the following message as soon as their files are encrypted by such software with a quick guide on how should they pay for decryptions in bitcoin.

Image source – bleepstatic

To protect users from paying bitcoins in ransom and importantly to decrypt the encrypted files, Emsisoft released a free software which will help infected victims to recover encrypted files. Notably, it also secures the data and helps users decrypt the files without any data loss.

In addition, Malware warns users not to use third-party applications to decrypt their files;

“Decryption of your files with the help of third parties may cause increased price (they add their fee to our) or you can become a victim of a scam.”

Conclusively, WannaCryptoFake Bitcoin Ransoming Malware is yet another potential tool that bad market players consider to leverage the benefit from bitcoin.

Image Source – Flickr.com

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