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Hackers are taking advantage of the Coronavirus panic to ransom crypto

While the whole world is in turmoil due to the Coronavirus outbreak, hackers are manipulating this delicate situation to their best interest by stripping distressed users off their money and personal data. Fraudsters are tricking people into downloading fake applications for Android devices for tracking the virus.

Researchers from security firm DomainTools spotted an increase in domain name registrations related to coronavirus, which led to an investigation that revealed illegal activity. The security team uncovered a website — coronavirusapp[.]site — urging concerned people to install an application that makes them download the “CovidLock” ransomware. The malware then changes the password of their lock screen and asks the victims to pay a $100 ransom in bitcoin to regain access to their smartphones.

Not only the hackers have published over 6 million false reviews for the application., but the website also falsely declares to hold certifications from the World Health Organization (WHO) and the Centers for Disease Control and Prevention (CDC).

The app description states it can send you an instant notification when a COVID-19 patient is nearby:

"Get Instant Notification when a Coronavirus Patient is Near You, View local coronavirus outbreak status in an easy to navigate app with data pulled directly from the Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO)."

However, DomainTools confirm that no cases of people giving out money have been registered so far as the malware doesn't seem to have spread widely, and in order to ensure safety, the company recommends the users to only install apps from the Play Store.

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