Volume 22 No 4 (2024)
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ANALYZING CRYPTO-RANSOMWARE FOR CYBER FRAUD DETECTION
DR P. Ramakoteaswara Rao, R.Ajay kumar,P.Shashank,K.Sai Prashanth Reddy,K.Sujith Rao
Abstract
Currently, as the widespread use of virtual monetary units (like Bitcoin, Ethereum, Ripple, Litecoin) has
begun, people with bad intentions have been attracted to this area and have produced and marketed
ransomware to obtain virtual currency easily. This ransomware infiltrates the victim’s system with
smartly-designed methods and encrypts the files found in the system. After the encryption process, the
attacker leaves a message demanding a ransom in virtual currency to open access to the encrypted files
and warns that otherwise the files will not be accessible. This type of ransomware is becoming more
popular over time, so currently, it is the largest information technology security threat. In the literature,
there are many studies about the detection and analysis of this cyber-bullying. In this study, we focused
on crypto-ransomware and investigated a forensic analysis of a current attack example in detail. In this
example, the attack method and behavior of the crypto-ransomware were analyzed and it was identified
that information belonging to the attacker was accessible. With this dimension, we think our study will
significantly contribute to the struggle against this threat.
Keywords
Crypto-ransomware, forensic analysis, virtual currency, information technology security, cyber-bullying.
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