The ransom increases the longer the victim does not pay.
Bait to attract money
CoinVault is similar to other ransomwares that we have seen before.
It demands payment in the online cryptocurrency Bitcoin and gives instructions on how victims can send the money.
This is a software which can be removed from your machine just like any other.
But once you remove it you are left with no way to recover your lost files.
And the ransomware displays this to drive the message home.
Experts always advise users against paying such a ransom.
Most attackers do decrypt your files generally.
But if one decides not to, it becomes an issue as decrypting it yourself might take years.
Security researchers have analyzed the malware, Its made on the .Net framework.
Kaspersky detects this family as Trojan-Ransom.Win32.Crypmodadv.cj.
source: www.techworm.net
