- - Scareware Turns into Ransomware
Security company McAfee reports finding a new version of "FakeAlert-CO,"
a bogus security application that its creators branded as "System Security 2009" on a bogus website. After FakeAlert-CO infects a PC, it either disables all active processes or gives instructions for a system reboot. Like other fake security programs, FakeAlert-CO displays bogus warnings to the computer user, indicating that stored files are infected by malware. The bogus software tells you that "to remedy the problem, you need to buy and install FakeAlert-CO".. But when you click on the warning message, you are taken to an official-looking website that reveals a wide range of subscriptions to choose from before entering your credit card number. The website offers two purchase options, one for two-year and another for a lifetime license along with, ironically, a rebate offer and a 30-day money back guarantee.
More information:
http://www.spamfighter.com/News-12432-McAfee-Scareware-Turns-into-Ransomware.htm
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