CoinVault ransomware allows victims to decrypt one file for free

The CoinVault ransomware adds a new twist to ransomware, with cybercriminals allowing victims to decrypt one file for free.

Published Tue, Nov 25 2014 8:18 AM CST   |   Updated Tue, Nov 3 2020 12:13 PM CST

The CoinValut ransomware victimizes businesses, encrypting critical work files - but there is an added twist with this particular piece of software. The criminals provide one free decrypt, providing access to a file, trying to provide additional faith in victims.

CoinVault ransomware allows victims to decrypt one file for free | TweakTown.com

CoinVault uses 256-bit AES encryption, and the decryption keys are stored on remote servers - and Windows files cannot be recovered unless the bitcoin payment is submitted to cybercriminals. Victims are ordered to pay 0.5 bitcoins, around $200 at current market prices, with the price increasing every 24 hours.

Ransomware attacks typically rely on employees falling prey to social engineering techniques, designed to trick users into clicking suspicious links or downloading unknown files.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles