Monday, July 14, 2014

New cyber fraud virus sparks police alert

Police are warning people to step up security to stop cyber fraudsters targeting their personal files, after attacks featuring a new computer virus.

The National Fraud Intelligence Bureau has recently received a number of reports relating to malicious software known as “Cryptowall”.

Cryptowall is a virus that can take over personal files such as images and documents once it has infected a computer. The virus can affect the computer through emails containing links or attachments, which once opened, will download the Cryptowall virus.

Once the malware scam has taken over a computer, a pop-up page will launch asking for a payment to receive an encryption key and for the software to be removed. However the encryption key is rarely given to the victim.