Education

Bitcoin Ransomware Education – Synolock

Most people will be well aware by now how Bitcoin ransomware can come in a variety of forms, and how no two versions share many similarities. Synolock is an especially interesting – yet also limited – piece of malware that is designed specifically to target owners of a Synology Disk Station. All of the files on the NAS are encrypted, and the only way to restore access is by paying a Bitcoin fee.

 

Also read: Bitcoin Ransomware Education – Troldesh

Synolock Encrypts Your NAS

File encryption is the bread and butter of any form of Bitcoin ransomware, and Synolock seems to be no different on the surface. However, there is a major difference with other types of malware, as this infection will only encrypt the files stored on a Synology Disk Station. A lot of people use these types of devices as a NAS, and the hardware comes with its very own operating system.

 

Older versions of the Synology Diskstation Manager software were vulnerable to Synolock, as the malware exploits a security flaw letting attackers lock others out of the files through remote access. Moreover, by installing Bitcoin ransomware on these devices, internet criminals can force Synology owners to pay a ransom if they want to regain control over their files.

 

Related Post

While the Bitcoin ransomware fee was fairly limited – 0.6 Bitcoin at that given time – there was a rather easy way to circumvent this problem altogether. Customers who were affected by Synolock were advised to disconnect their NAS from the router, and update the software to the latest version. A data backup is always a good idea, which should come naturally when people are dealing with a NAS to begin with.

 

Moreover, Synology would also offer help to affected users through their Knowledge website. All in all, the Synolock issues were contained fairly quickly before any major damage could be done. By targeting Synology devices only, the people responsible for Synolock tried taking a different approach to the Bitcoin ransomware game, albeit without much success.

Source: Macobserver


Images credit
1,2


If you liked this article follow us on Twitter
@themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

The Calculated Collapse of $TG: How a “Utility” Token Was Engineered for a Rug Pull

In the unpredictable world of cryptocurrency, new tokens launch daily, each one a shining beacon…

1 day ago

Staked Ethereum Hits Record High as Whale Accumulation Signals Bullish Long-Term Sentiment

Once more, Ethereum is commanding the spotlight as fresh figures indicate that the amount of…

1 day ago

Arbitrum Sees Surge in Protocol Revenue and EIP-7702 Adoption Following ArbOS 40 Upgrade

The ecosystem on Arbitrum keeps flaunting its robust foundations, with a steady incline in the…

1 day ago

Ethereum Whale Accumulation Surges as Long-Term Confidence Outweighs Short-Term Volatility

Once again, major market players are focusing on Ethereum. The whale activity surrounding the second-largest…

4 days ago

Week in AI: Fartcoin Steals the Spotlight Amid Market Turmoil

It has been a tumultuous week for the artificial intelligence sector in crypto. Sharp valuation…

5 days ago

BSC Foundation Resumes Strategic Accumulation: VIXBT, CAKE, LISTA, and MOOLAH Under Spotlight

Following a brief stint of dormancy, the BSC Foundation is back in action, reestablishing its strategic…

7 days ago