Popcorn Time Ransomware Introduces Pyramid Scheme for Free Decryption

A new ransomware variant named Popcorn Time has emerged, discovered by MalwareHunterTeam. This malware offers victims a chance to avoid paying a ransom by infecting two other people, who must also pay the ransom for the original victim to receive a free decryption key. The ransomware encrypts files on the victim's computer and demands payment, typically in Bitcoin. If the victim enters the wrong decryption key four times, the ransomware may delete their files, although this feature is still under development. Popcorn Time is currently in the wild, posing a credible threat to users. Security experts are uncertain about the effectiveness of its unique referral mechanism for spreading infections. The malware is not related to the legitimate Popcorn Time streaming application. Users are advised against paying ransoms, as there is no guarantee of file recovery.

Key Points: • Popcorn Time ransomware allows victims to avoid ransom by infecting others. • The malware may delete files after four incorrect decryption attempts. • Experts are skeptical about the effectiveness of the malware's referral strategy.