Bitcoin ransomware virus plaguing China
- Ryuk has been found across China according to researchers at the Tencent Yujian Threat Intelligence Center.
- The virus encrypts data on an infected device and demands a ransom in Bitcoin. The ransom is generally very high and has recently reached 11 BTC.
Researchers in China at the Tencent Yujian Threat Intelligence Center have reported that a Ryuk ransomware virus has been spotted in the country.
The researchers from the intelligence center released information on the outbreak in a report. In terms of the report, Ryuk viruses are a family of malware which target infecting government and enterprise machines holding valuable data.
Ryuk possesses a notebook which can be used in the killing a person by writing their name on one of its pages. Researchers were reportedly able to capture and conduct studies on the virus in action.
The report detailed that the virus came attached with a ReadMe note containing two email addresses. Upon replying to the first email address, the researchers received instructions and a ransom demand set at 11 Bitcoin.
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
