$ 29,540.00 1.38%
$ 1,983.23 1.71%
$ 50.53 3.17%
$ 0.085759 3.20%
$ 8.07 5.55%
$ 1.37 3.54%
$ 0.000122 12.45%

China on Ryuk Virus alert: Deadly ransomware sneaks through the country’s computer systems

Ryuk 18X12 original

China is reeling from severe ransomware named Ryuk virus, that infects devices of personal users, predominantly targeting government and enterprise officials, and demands ransoms as high as 11 Bitcoins. 

The recent discovery has shaken up the Tencent Intelligence Center officials who are now on a mission to get to the bottom of the problem. 

Researchers dig deep into the Ryuk virus

Having studied the Ryuk virus and its functioning meticulously, the officials have concluded in a report released on July 17, that it encodes data from the impaired devices and demands Bitcoin ransoms from its users.

The report further elucidates the name itself – Ryuk, derived from a fictional evil spirit from the popular television series Death Note who advertently devices a “death notebook” to aid killings.

The investigators of the virus were able to capture and study its subsequent plan of action in detail. Apparently, it comes with a ReadMe note indicating two email addresses. When the reply sent to the first address, the investigators were provided with instructions on claiming the Bitcoin ransom.

The virus also ciphers network resources and local drives. By demolishing the encryption key, it prevents users from running back-up operations, thus, resulting in complete and irrecoverable damage of the systems.

China Government insists watchfulness and caution

In an effort to instantly alert the users and prevent further contamination of devices, the officials have requested them to install Tencent PC Manager, take backups, and disable macros.

Unfortunately, Ryuk had already found its potential victims in the United States earlier this year. The Lake City of Florida and the La Porte County of Indiana states had to shell out hefty ransoms when the Ryuk virus crept through the city’s IT systems and left them crippled for a long time.

Manasee Joshi

Manasee Joshi

An avid reader and an enthusiastic writer, Manasee recently chose to dedicate her time doing freelance writing. A degree in English literature and experiences in Administration, HR, finance, literature, creativity and innovation tucked under her belt, she crafts engaging and compelling content for crypto and blockchain audience.

Related News

Hot Stories

Shiba Inu price analysis: SHIB devalues at $0.00001150 after bearish run
Ethereum wipes out $8.10B while eagerly awaiting 'The Merge'
Verasity Price Prediction 2022-2031: Soon to hit $0.50 after Crypto.Com listing?
Nox Bitcoin, a Brazilian crypto exchange, refunds customers UST at $1
Ethereum founder confesses how he has been affected by the crypto crash

Follow Us

Industry News

Nox Bitcoin, a Brazilian crypto exchange, refunds customers UST at $1
Ethereum founder confesses how he has been affected by the crypto crash
OpenSea launches Seaport NFT marketplace
President of Panama Refuses to Sign the Cryptocurrency Bill
Gabe Plotkin's hedge fund Melvin Capital shut its doors this week