sb-as logo
Story image

Europol, FBI, Bitdefender team up on ransomware decryptor

18 Jun 2019

Global cybersecurity company Bitdefender has unveiled a new decryptor to counter the latest version of GandCrab ransomware.

Delivered in partnership with Europol, Romanian Police, DIICOT, FBI, NCA and Metropolitan Police, as well as Police Offices in France, Bulgaria and other Law Enforcement agencies, the decryptor neutralises the latest versions of GandCrab – the most prolific families of file-encrypting malware to date.

The new tool lets victims regain access to the information lost to hackers without paying a ransom. The decryptor counters versions 1 and 4, as well as versions 5 through 5.2, the latest used by cyber-criminals.

The previous decryptors for the GandCrab ransomware released by Bitdefender and partner law enforcement agencies have helped more than 30,000 victims recover ransomed data and save more than 50 million dollars by not paying a ransom.

GandCrab emerged in January 2018 and quickly gained traction due to its affiliate-based monetisation scheme, reaching a whopping 50% share of the ransomware market by August 2018.

In recent interactions on private underground forums, the GandCrab operators claimed that they have extorted more than $2 billion from victims.

The joint efforts of Bitdefender and partner law enforcement agencies have weakened the operators’ position on the market and prompted criminal affiliates to distrust the service, leading to the demise and shutdown of the operation.

“Our efforts in providing decryptors for GandCrab victims have weakened the ransomware operators by cutting off their monetisation mechanisms,” said Bitdefender representatives.

“In addition to delivering relief for victims, these efforts have contributed to establishing a positive mindset among new victims, who would rather wait for a new decryptor than give in to hackers’ ransom demands.”

To prevent ransomware infections, users should implement a security solution with layered anti-ransomware defences, regularly back up their data and avoid opening attachments delivered with unsolicited messages.

Bitdefender and its partner law enforcement agencies advise victims to not give in to the demands of ransomware operators.

Instead, they should back up the encrypted information and notify police immediately.

The new decryption tool is available immediately and can be downloaded for free on Bitdefender Labs and the No More Ransom Project.

Bitdefender has clients in more than 150 countries.

Since 2001, Bitdefender has delivered products and threat intelligence for the smart connected home, mobile users, modern businesses and their networks, devices, data centres and cloud infrastructure.

Story image
Okta, CrowdStrike, Netskope and Proofpoint create shared zero trust security strategy
Okta, CrowdStrike, Netskope and Proofpoint have joined forces to develop and launch an integrated, zero trust security strategy, stating that this is crucial for today’s digital and remote working environments.More
Link image
Say goodbye to shadow IT with Cloudera Data Platform
Get full visibility into all your data and its lifecycle, while managing infrastructure and analytic workloads across hybrid and multi-cloud environments.More
Story image
Surge in encrypted malware prompts warning about detection strategies
“If you are not decrypting and scanning your secure web connections, you are likely missing a large majority of malware,” the report states.More
Story image
Oracle combines cloud automation with comms security in new solution
The Oracle Communications Security Shield (OCSS) Cloud is built on the company’s cloud infrastructure, and uses AI and real-time enforcement to combat the heightened risk of infrastructure attacks presented to contact centres and enterprises.More
Download image
NFV touted as go-to method of simplifying corporate networks
Enterprises outline their considerations in this study, built on evidence from those directly involved with building a strong networking infrastructure.More
Download image
Crypto-of things replaces tokens as next generation of enterprise security
Forget hardware tokens (they’re high-maintenance), software tokens (they’re full of vulnerabilities) and one-time-password generators (often full of vulnerabilities and UX issues).More