CryptoBit Ransomware

Posted: April 22, 2016

Threat Metric

The Threat Meter is a malware assessment that SpywareRemove.com's research team is able to give every identifiable malware threat. Our Threat Meter includes several criteria based off of specific malware threats to value their severity, reach and volume. The Threat Meter is able to give you a numerical breakdown of each threat's initial Threat Level, Detection Count, Volume Count, Trend Path and Percentage Impact. The overall ranking of each threat in the Threat Meter is a basic breakdown of how all threats are ranked within our own extensive malware database. The scoring for each specific malware threat can be easily compared to other emerging threats to draw a contrast in its particular severity. The Threat Meter is a useful tool in the endeavor of seeking a solution to remove a threat or pursue additional analytical research for all types of computer users.

The following fields listed on the Threat Meter containing a specific value, are explained in detail below:

Threat Level: The threat level scale goes from 1 to 10 where 10 is the highest level of severity and 1 is the lowest level of severity. Each specific level is relative to the threat's consistent assessed behaviors collected from SpyHunter's risk assessment model.

Detection Count: The collective number of confirmed and suspected cases of a particular malware threat. The detection count is calculated from infected PCs retrieved from diagnostic and scan log reports generated by SpyHunter.

Volume Count: Similar to the detection count, the Volume Count is specifically based on the number of confirmed and suspected threats infecting systems on a daily basis. High volume counts usually represent a popular threat but may or may not have infected a large number of systems. High detection count threats could lay dormant and have a low volume count. Criteria for Volume Count is relative to a daily detection count.

Trend Path: The Trend Path, utilizing an up arrow, down arrow or equal symbol, represents the level of recent movement of a particular threat. Up arrows represent an increase, down arrows represent a decline and the equal symbol represent no change to a threat's recent movement.

% Impact (Last 7 Days): This demonstrates a 7-day period change in the frequency of a malware threat infecting PCs. The percentage impact correlates directly to the current Trend Path to determine a rise or decline in the percentage.

Threat Level:	10/10
Infected PCs:	0

First Seen:	April 22, 2016
Last Seen:	November 2, 2020
OS(es) Affected:	Windows

The CryptoBit Ransomware is a file encryptor that holds your computer's data hostage with the motive of forcing payments for a corresponding decryption service that supposedly only its fraudster admins can provide. The often exaggerated inviolability of such features, as well as the fickle nature of having harmful deliver services, causes malware researchers to suggest using any other means of data recovery, whenever possible. You also should use your standard anti-malware tools for removing the CryptoBit Ransomware as a priority, even before trying to decrypt any of your files.

The Value of Your Files Compared to a Bit(coin)

The CryptoBit Ransomware (not to be mistaken for Cryptorbit Ransomware, a similar threat from 2014 of the same classification) is a Trojan recently seen in 2016. While past threats mirror many of its essential functions, this one does differ from the others regarding at least one aspect: a steeply-incrementing ransom timer. The majority of ransomware-based threats, while trafficking in Bitcoins, limit themselves to around half to one Bitcoin in ransom demands, approximately two to four hundred USD. Although the CryptoBit Ransomware starts its ransoms at one Bitcoin, it increments them each day. After one week, victims could be asked to pay over three thousand dollars.

The CryptoBit Ransomware extracts this ransom value by encrypting the files on your PC. Current versions of the CryptoBit Ransomware recognize just under one hundred different formats for encryption, including among them both media formats, such as JPG images, and text content, such as Word documents. Like many types of modern ransomware, the CryptoBit Ransomware uses a public key for the initial encryption routine but couples the decryption with a private key. In theory, only the CryptoBit Ransomware's maintainers have access to the latter, thereby necessitating payment as rapidly as possible to prevent data recovery costs from spiraling out of control.

The Most Affordable Ways of Opting out of a Trojan's Timer

Uninformed PC owners might be tempted to pay the CryptoBit Ransomware's ransom as soon as possible after seeing their PCs infected (which leaves symptoms, such as a high-visibility ransom note). However, recent findings by the Panda Security may point to significant vulnerabilities in the CryptoBit Ransomware's encryption process. This flaws could assist in the development of a free decryptor for restoring data without needing any form of payment. Even if such progress ends in failure, the CryptoBit Ransomware has no method of harming any backups on cloud servers or inaccessible locations, such as any detached USB drives.

Preventative security and data protection strategies are useful both for restricting the damages of a CryptoBit Ransomware and limiting new CryptoBit Ransomware infections. Most file encrypting Trojans seen by malware experts use e-mail-based infection techniques, which you can prevent by a combination of file scanning security and a refusal to enable harmful macro content. Despite the importance of removing the CryptoBit Ransomware infections expeditiously, cautious PC owners would do well to keep their files out of harm's way at all.