New “Hostageware” holds files for ransom

CryptoLocker – the name sounds like a legit encryption program but this is malicous software that encrypts Word docs and PhotoShop files and then demands the user pay $300 in bitcoins or risk having all the files on the computer cryptographically locked and lost forever. Have you received one of those phony FedEx or UPS tracking notifications? That’s the way they’re spreading this one.

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