CoinVault ransomware malware

Authors of CoinVault Ransomware Malware Sentenced 240 hours of Community Service

CoinVault ransomware malware

Yesterday, a District court in Rotterdam has sentenced 240 hours of community service to the two Dutch brothers, who was found guilty for creating and distrubuting CoinVault Ransomware Malware and was arrested almost three years ago.

In 2015, the two suspects – Melvin (25-year-old) and Dennis van lair B. (21-year-old)  were captured from Amersfoort on doubt of association in CoinVault Ransomware Assaults.

Researchers from Kaspersky Labs, figured out the malware and found the full name of one of the suspects and their IP address left coincidentally on the command and control server which later help the law enforcement in arresting the two Dutch brothers.

More than 14000 Windows computers throughout the globe specially in Neteherlands, United States, United Kingdom, France and Germany became victim of this CoinVault Ransomware. “The duo has roughly made 10,000 euros each between 2014 and 2015,” reported by Dutch website NU.nl.

As the duo have clean criminal record and both of them has cooperated wisely with Police during the investigation some the court punish them only with 240 hours of community service which is the most extreme term of community service somebody can serve and also made them to pay compensation to their victims.

In 2015, Kaspersky provided a ransomware decoding tool for Coinvault victim, enabling them to unlock their encypted petition for free.

Since CoinVault, we have seen some major ransomware flare-ups, including WannaCry and NotPetya, which wreaked worldwide infecting many organizations and a huge number of clients over the world.

The most ideal approach to prevent yourself from being a victim of such ransomware assaults is that never open any suspicious documents and links given in an email and please a backup routine of your work and update your anti-virus software regularly.

Leave a Reply

Your email address will not be published. Required fields are marked *