A new ransomware-as-a-service (RaaS) is said to have a unique method for setting the ransom amount based on the victim’s location.

The author claims a payment scheme is used to determine the ransom amount, based on The Economist’s Big Mac Index. This means that victims in areas with higher costs of living are being charged more to have their data decrypted.

The RaaS called Fatboy was first spotted on March 24 on a popular Russian cyber-criminal forum where a member was advertising it as a ‘partnership’, promising support and guidance through Jabber. Cyber criminals with an interest in the Fatboy RaaS would partner directly with the author and are promised instant payments once the victim pays the ransom.

The author claims the malware is written in C++ and works on all Windows versions (x86/x64). Cryptolocker development and support are also included in the partnership, including a multi-language interface with support for 12 languages available.

This trend of Ransomware-as-a-Service has become incredibly lucrative as more cybercriminals want to make a cut in the black-market. NNT’s CTO, Mark Kedgley, advises, “A two-pronged approach to defend against ransomware attacks- get layered defenses in place, but also back it up with real-time Host Intrusion Detection through File Integrity Monitoring, ensuring that if a cyber-attack proves successful, at the very least you get to know about it.”

 

Read this article on Security Week

 

 

 

 

Contact Us

USA Offices

New Net Technologies LLC
Suite #10115, 9128 Strada Place
Naples, Florida, 34108

New Net Technologies LLC
1175 Peachtree St NE
Atlanta, Georgia, 30361.

Tel: (844) 898-8358
[email protected]

 

UK Office

New Net Technologies Ltd
Rivers Lodge, West Common
Harpenden, Hertfordshire
AL5 2JD

Tel: 01582 287310
 [email protected]

SC Magazine Cybersecurity 500 Infosec Security Winners 2018 CIS benchmarking SEWP Sans Institute Now Certified IBM Security
Copyright 2020, New Net Technologies LLC. All rights reserved. 
NNT and Change Tracker are registered trademarks of New Net Technologies LLC.
All other product, company names and trademarks are the property of their respective owners.