Scientists of the University of Florida claim that they have developed such software that will be able to prevent the Ransomware in its tracks. Ransomware converts the computer files into cipher or code and hackers use this for having money illegally, in exchange to free the content. This problem is being larger day by day, globally.
The developers of the solution- dubbed CryptoDrop- identified this threat and prevented it after its encryption on a bunch of files. Patrick Traynor, an associate professor in UF's department of computer and information science, worked with PhD student Nolen Scaife and Henry Carter, from Villanova University, on the software.
Mr Scaife said, "Our system is more of an early-warning system. It doesn't prevent the ransomware from starting. It prevents the ransomware from completing its task. So you lose only a couple of pictures or a couple of documents rather than everything that's on your hard drive, and it relieves you of the burden of having to pay the ransom."
According to the researchers, CryptoDrop detected 100% of the threats in tests and also prevented them after an average of 10 computer files had been transformed into cipher or code. The ransomware attacks, caused by the hackers, are rapidly growing all over the world. From the report of FBI, we come to know that there were over 2,400 complaints last year and the probable loss due to this attack is around $ 24 million for both individuals and businesses. Governments, large companies, banks, hospitals and educational institutions were all victimized by this ransomware attack.
Richard Cassidy, an expert at security firm Alert Logic of CryptoDrop, said, "Whilst the step taken by researchers at the University of Florida are indeed a novel way in which to detect and contain ransomware, it doesn't serve as the 'silver bullet' for ransomware as a whole."