Penalty of $10K per day for Robinhood Ransomware victims

All these days we have seen ransomware hitting servers and encrypting data on those computing devices and network until a ransom is paid to hackers in cryptocurrency which is usually in Bitcoins or Monero.

But now a new variant of malware is reported to be exhibiting a unique feature where the hackers spreading “Robinhood Ransomware” are levying a penalty of $10,000 to victims for every day beginning on the 4th day of encryption.

That means those who fail to pay the ransom within the first 4 days of encryption will be facing a late fee kind of penalty of $10k for each day turning late.

Robbinhood Ransomware’s other unique feature is that it tries to victimize as many PCs and possible which are in the network and then pushes ransom notes under 4 different names on the infected machines.

Cybersecurity Insiders has learned that hackers are demanding in the note that the victims must either make 3 BTC payment for each infected machine or 7BTC on a bulk note to free up all machines in the network. And the note also clearly mentioned the fact that if the victim fails to pay the money within 4 days of getting infected, then they need to pay a penalty of $10000 for paying late- which starts from the 4th day after encryption.

What’s assuring in this whole saga is the guaranty given by the hackers that the data privacy of victims is important to them and so all encrypted data on their servers will be wiped off as soon as they receive payment from victims- hope they do as say!

All this saga sounds like the technology behind ransomware is evolving day by day and is vastly improving from hackers perspective….isn’t it?

Then what about the victims….?

Well, all you can do is take automated backups of your data from time to time and then keep an all-inclusive cyber insurance cover on hand….just in case!

Naveen Goud
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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