Wow….You’re infected—if you want to see your data again, pay us $300 in Bitcoins

Malware that takes computers hostage until users pay a ransom is getting meaner, and thanks to the growing prevalence of Bitcoin and other digital payment systems, it’s easier than ever for online crooks to capitalize on these “ransomware” schemes. If this wasn’t already abundantly clear, consider the experience of Nic, an Ars reader who fixes PCs for a living and recently helped a client repair the damage inflicted by a particularly nasty title known as CryptoLocker.

It started when an end user in the client’s accounting department received an e-mail purporting to come from Intuit. Continue reading…

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