Crypto Terms:
Letter W
What is WannaCry Ransomware?
Meaning:
WannaCry Ransomware -
is a malicious software variant that came about in 2017.
Let's find out WannaCry Ransomware meaning, definition in crypto, what is WannaCry Ransomware, and all other detailed facts.
WannaCry Ransomware is a malicious software variant that can infect a single computer and is able to swiftly worm its way into the rest of connected computer networks. It made its first attack in May 2017.
This type of malicious software uses encryption to extort money from its victims. Plus, it can even lock them out of their computers.
The WannaCry Ransomware infection begins with a doppler. Its main purpose is to extract all of the ransomware components such as a TOR copy, data encryption, decryption applications, and their keys into the victim’s computer.
The next step is to gain access to the kill switch which is a hard-coded URL that has the ability to shut down a computer or a program. In case the ransomware cannot locate the kill switch, it starts the process of searching for files and encrypting them in a predetermined format. Once the files are encrypted, the victim has no way to access them.
WannaCry Ransomware is considered to be a type of crypto-ransomware due to its use of file encryption.
The last step of any ransomware is to send the targeted user a ransom notice. In the case of WannaCry Ransomware, it usually demands a large transfer of a specific cryptocurrency such as Bitcoin or Ethereum. When the hackers have received the set amount of coins or tokens, they allow the victim to decrypt and recover their files.
WannaCry Ransomware generally targets computers using Microsoft’s Windows operating systems (OS). That’s because it's able to trick their Server Message Block (SMB) protocol to execute arbitrary code.
Keep in mind that obfuscation is not something you have to worry about if you’d like to analyze the WannaCry ransomware.
cryptocurrency at the same time.<\/strong><\/p>\n<p>In certain cases, wash transactions are done by a trader and a broker working together, while in others, wash trades are performed by investors serving as both the buyer and seller of the securities. Moreover, wash trading is illegal in the United States.<\/p>","definition":"Wash trading is a sort of market manipulation in which participants create false activity in the marketplace by selling and purchasing the same cryptocurrency at the same time.","status":"published","meta_title":"What is Wash Trade? Definition & Meaning | Crypto Wiki","meta_description":"Wash Trade meaning: Wash Trade - Wash trading is a sort of market manipulation in which participants create false activity in the marketplace by selling and purchasing the same cryptocurrency at the same time.","meta_keywords":null}"
:prev-section="{"id":824,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Wall_Street","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-11-23T12:03:12.000000Z","slug":"what-is-wallstreetbets-wsb","title":"What is WallStreetBets (WSB)?","section":"W","keyword":"WallStreetBets (WSB)","content":"<p>WallStreetBets, also referred to as \/r\/wallstreetbets ('<em>\/r\/' denotes that it is a subreddit<\/em>) or WSB, is a <strong>decentralized Reddit forum<\/strong> aimed at discussing <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-option/">options trading and stocks. Participants of the subreddit typically engage in <strong>high-risk<\/strong> <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-day-trading/">day trading<\/strong><\/a> with the goal of quickly improving their financial status.<\/p>\n<p>It's worth noting that WSB community members tend to use words like <em>stonks<\/em> (rather than stocks) and <em>tendies<\/em> (refers to gains) as their typical slang.<\/p>\n<p>Recently, there has been an increase in the number of no-commission brokers and mobile trading platforms, both of which have aided in the development of this new online trading environment. Participants in the subreddit, as well as inexperienced retail traders and investors, usually do not follow many traditional standards, such as risk management approaches.<\/p>\n<p>Because of the community's concentration on extremely speculative <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-leverage/">leveraged options trading, this Reddit thread<strong> has a reputation for circulating and inspiring reckless trading tactics<\/strong>.<\/p>\n<p>Overall, WallStreetBets is famous due to the community's use of <strong>slang and memes<\/strong>, as well as its notoriety for <strong>risky trading practices<\/strong>. For example, the WallStreetBets community was a significant part of the <strong>GameStop<\/strong> selloff, which resulted in huge losses for multiple corporations and short sellers in early 2021.<\/p>\n<p>So, if you're searching for a piece of advice on trading, you should find another subreddit to follow. Or, even better, you should find a proper learning platform that teaches about various trading techniques. For starters, you could check out the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//binance-academy/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance Academy<\/strong><\/a> or this <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn/">Crypto 101 Handbook<\/strong><\/a>.<\/p>","definition":"a subreddit dedicated to conversations about options trading and stocks, often referred to simply as \/r\/wallstreetbets.","status":"published","meta_title":"What is WallStreetBets (WSB)? Definition & Meaning | Crypto Wiki","meta_description":"WallStreetBets (WSB) meaning: WallStreetBets (WSB) - a subreddit dedicated to conversations about options trading and stocks, often referred to simply as \/r\/wallstreetbets.","meta_keywords":null}"
:model="{"id":845,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/WannaCry_ransomware_attack","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-11-23T12:06:16.000000Z","slug":"what-is-wannacry-ransomware","title":"What is WannaCry Ransomware?","section":"W","keyword":"WannaCry Ransomware","content":"<p><strong>WannaCry Ransomware is a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-malware/">malicious software<\/a> variant that can infect a single computer and is able to swiftly worm its way into the rest of connected computer networks<\/strong>. It made its first attack in May 2017. <\/p>\n<p>This type of malicious software <strong>uses <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-encryption/">encryption to extort money from its victims<\/strong>. Plus, it can even <strong>lock them out of their computers<\/strong>. <\/p>\n<p>The WannaCry Ransomware infection begins with a doppler. Its main purpose is to extract all of the ransomware components such as a TOR copy, data encryption, decryption applications, and their keys into the victim’s computer.<\/p>\n<p>The next step is to gain access to the kill switch which is a hard-coded URL that has the ability to shut down a computer or a program. In case the ransomware cannot locate the kill switch, it starts the process of searching for files and encrypting them in a predetermined format. Once the files are encrypted, the victim has no way to access them.<\/p>\n<p>WannaCry Ransomware is considered to be a type of crypto-ransomware due to its use of file encryption.<\/p>\n<p>The last step of any <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-ransomware/">ransomware is to send the targeted user a ransom notice. In the case of WannaCry Ransomware,<strong> it usually demands a large transfer of a specific cryptocurrency <\/strong>such as <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin <\/strong>or<strong> <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum. When the hackers have received the set amount of coins or tokens, they allow the victim to <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-decryption/">decrypt and recover their files. <\/p>\n<p><strong>WannaCry Ransomware generally targets computers using Microsoft’s Windows <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-operating-system-os/">operating systems (OS)<\/a><\/strong>. That’s because it's able to trick their Server Message Block (SMB) protocol to execute arbitrary code. <\/p>\n<p>Keep in mind that obfuscation is not something you have to worry about if you’d like to analyze the WannaCry ransomware.<\/p>","definition":"is a malicious software variant that came about in 2017.","status":"published","meta_title":"What is WannaCry Ransomware? Definition & Meaning | Crypto Wiki","meta_description":"WannaCry Ransomware meaning: WannaCry Ransomware - is a malicious software variant that came about in 2017.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
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current-chapter="W"
current-section="what-is-wannacry-ransomware">
