How Fantom is haunting unsuspecting users

September 7th, 2016
How Fantom is haunting unsuspecting users

The heart of a lady is not easily won; a man can’t rely on his looks or wallet to make a girl fall head over heels. He must charm his way into her heart. Let’s say that a computer user is the woman, and that ransomware, the man, is the dreamboat that has worked his way through all the woman’s defenses. How? He looked the part. This is how ransomware weasels its way into IT -- because it doesn’t seem to pose a threat. Beware of Fantom, the most recently detected ransomware that is a master at deception.

AVG security researcher Jakub Kroustek recently spotted Fantom coded atop an EDA2, a ransomware-building kit that was open-sourced but eventually taken down. EDA2 contained certain flaws that allowed researchers to obtain decryption keys from its C&C server, yet these flaws have since disappeared, indicating that Fantom coders might have found and fixed them before anyone else had a chance to.

Very little is known as to how Fantom is distributed. As for the method of deployment, cybercriminals plant the file onto the target’s computer via spam email or exploit kits. Fantom-infected files are named criticalupdate01.exe; they utilize a “Windows Security Update” to prompt targets into running the file.

After activation, the ransomware starts by locking the user’s screen while displaying fake Windows Update graphics, complete with a fully-functioning percentage-based loading timer that mirrors the original Windows Update screen. However, beneath this pleasant facade, Fantom is encrypting your files right before your eyes. Luckily, the temporary lock screen is removable before it reaches 100% -- simply press CTRL+F4. Unfortunately, the encryption process remains intact.

The MalwareHunterTeam states, “The ransomware uses classic ransomware encryption by locking files using an AES-128 key and then encrypting this key with a dual RSA key, with the private key stored on the crook's server, and a public key left on the user's PC.”

In order to retrieve the private key to unlock your files, you must contact the perpetrators by email. The email address is listed in the ransom note that appears after the process of encryption is complete. Fantom displays ransom notes in the form of HTML and TXT files, while changing the user’s desktop with a custom screenshot that lists the contact details. Lastly, after completing all its operations, Fantom cleans after itself by running two batch scripts wiping all the installation files clean.

Ransomware isn’t new, but the ways that cybercriminals utilize them are. Who would’ve thought that the ever so familiar Windows Update window has fallen prey to malicious intent? Pretend that you’re the Little Red Riding Hood and that the wolf is the ransomware that cybercriminals have disguised as your grandmother. They no longer wait to trap you, instead, they wait for you to walk straight into one instead.

The issue of ransomware is as extensive as it is meticulous. If you have any questions about Fantom or would like to request more information, feel free to get in touch with us! Give us a call or send us an email. Our dedicated staff are more than happy to help.

Published with permission from TechAdvisory.org. Source.


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