Babuk Locker Ransomware Found On The Internet and hackers around the world didn’t waste any time. New Year’s celebrations have barely ended, and we already have our first reports of a new malware strain to help ring in 2021. Dubbed Babuk Locker, the strain aims squarely at corporate networks.
Based on an analysis of the code, security experts have concluded that mid-level hackers designed the Babuk Locker Ransomware software.
It’s a bit of an amateur effort, but the malware’s design and the encryption function are rock solid, so if you fall victim to this found Babuk Locker Ransomware, there’s no unlocking the files. You’re either going to have to restore from backup or pay the ransom in Bitcoin.
Payable in Bitcoin
Babuk Locker Ransomware has only been in use in a handful of attacks thus far this year. Then again, this year is only a few days old at this point so that we could be seeing the beginnings of a significant campaign. However, as ransomware goes, the creators of Babuk Locker Ransomware don’t seem to be overly greedy. The ransoms they have been demanding have ranged from $60,000 to $85,000 USD, payable in Bitcoin.
Given that the average last year was just over $110,000 USD, that’s not awful. Having to pay any amount of money to access your files is unacceptable, but if you fall victim to ransomware, Babuk Locker Ransomware is one of the least expensive strains out there.
In any case, the best-case scenario is not to fall victim to a ransomware attack in the first place. Given that these types of attacks have become many hackers’ go-to options, it pays to review your current security protocols and see if there’s any room for Improvement.
Most people make at least a few New Year’s resolutions on December 31st. It’s certainly not too late to resolve to make your network security a top priority this year.
