News - Trojan.Pgpcoder, unique new kind of threat

Discussion in 'malware problems & news' started by Stephanos G., May 29, 2005.

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  1. Stephanos G.

    Stephanos G. Registered Member

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    News - Trojan.Pgpcoder, unique new kind of threat


    Trojan.Pgpcoder is a new kind of malicious threat to PC users. The trojan will lock up files, then demands money in return for unlocking them. The trojan installs when someone visits certain websites, and is known to target vulnerability in Microsoft's Internet Explorer browser. Once installed it downloads an encoder application. This will then encrypt suitable files, which can only be decrypted with specific instructions. Only once a ransom fee is handed over will these instructions be given.

    Kevin Hogan, manager at Symantec said.

    "This shows a growing trend of criminals using technology for financial gain. This is certainly an example of using cryptography for malicious purposes."
     
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