New Ransomware, Dubbed “Bad Rabbit”, Strikes Europe

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Endgadget is reporting on a new malware attack underway in in Europe. Dubbed “Bad Rabbit”, the attack takes advantage of widely known flaws in Adobe’s Flash product to trick users into downloading a fake update from a compromised web site. Once installed, the update encrypts user files, rendering them inaccessible until a ransom demand of roughly $280 is paid. If not paid in a timely manner, the amount demanded increases.

Endgadget’s write-up can be found here:

New ransomware is causing major issues across Europe and Russia

And some more technical details can be found on both the Kapersky Blog, and ESET’s We Live Security blog:

Bad Rabbit: A new ransomware epidemic is on the rise

Kiev metro hit with a new variant of the infamous Diskcoder ransomware