Japan arrests 14-year-old for Creating Ransomware

By Prempal Singh 0 Comment June 7, 2017  anti ransomware, cerber, cerber ransomware, kaspersky, Malware, malware ransomware, malwarebytes, malwarebytes ransomware, microsoft, microsoft ransomware, ransomware attack, ransomware attacks, ransomware decrypt, ransomware download, ransomware kaspersky, ransomware removal, ransomware wannacry, remove ransomware, virus, virus ransomware, wanna cry, wanna cry ransomware, wannacry, what is ransomware, windows ransomware

Japanese authorities have arrested a 14-year-old boy in Osaka, a prefecture, and large port city, for apparently creating and distributing a ransomware malware.

This is the first such arrest in Japan that consists of a Ransomware-related crime.

Ransomware is a piece of malware that encrypts documents on a victim’s computer and makes them unavailable until the victim compensates a ransom, usually in Bitcoins, in order to get the decryption tips for the encrypted documents.

Ransomware has been around for a few years, but currently, it has become a major cyber threat for businesses and users across the world.

Just last month, the WannaCry ransomware hit over 300, 000 PCs in a matter of seventy-two hours, create havoc worldwide.

The recent arrest arrived after the teenager, that is a third-year junior high school student, created a ransomware virus and uploaded their source code on the Internet, according to multiple Japanese media.

The pupil, who admitted to the allegations, combined free security software to develop his own ransomware infection and then uploaded it to a foreign website and even taught people to download and make use of it to spread further for financial gain.

The teen also advertised the website through social media, including Tweets, telling users “I made ransomware. Please feel free to use it, the sources said.

Relating to Japanese police, the teen’s ransomware allowed a downloader to infect victims’ computers, demanding payment in digital currency. His ransomware framework has been downloaded over 100 times.

The authorities have not unveiled the identity of the teenager, but have enlightened that students just required about 3 days to create the ransomware program using his personal computer.

The student also informed the authorities that this individual learned to code on his own and created the ransomware out of curiosity in order to become famous.

Japan law enforcement officials spotted the ransomware during “cyber police” in January and appropriate the teen’s computer after searching his house in April.

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Source: thehackernews.com