Due to the onslaught of GandCrab Ransomware attacks, security organizations and law enforcement agencies around the world have been on their toes. Recently, many of these law enforcement agencies including the FBI, Romanian Police, Europol, and others joined hands with a prominent security provider to create a tool for ransomware removal. The joint venture came in effect after security agencies from the European Union decided to engage in ransomware removal and recovery processes through collaborated and mutual efforts.
The basic operation of the tool is to facilitate users to avoid paying the ransom and safely get access to their data back. So far, it has been explained that the tool decrypts several of the GandCrab’s versions, including 1, 4 and 5.
An official from the security company explained that the entry of the tool can be helpful for cybersecurity and law enforcement agencies around the world. He stated that the tool was the result of hours of planning, research, and technical development. The goal of the tool is to prevent PCs of users from transforming into digital hostages.
Since January 2018, GandCrab Ransomware has wreaked havoc. Whether it is a governmental service or a traditional business, the ransomware has attempted to hack and exploit everyone. Exploit kits, spam email campaigns, and other malware are used by GandCrab Ransomware as infection techniques.
Moreover, a worrying concern regarding the ransomware is that its owners are using it as RaaS (Ransomware-as-a-Service). By adopting RaaS, the ransomware is being rented to dangerous third-party users on underground forums. These buyers then modify the ransomware and change the ransom demand in the ransom note according to their requirements. Afterward, they target businesses of their own choices.
