Do you know what CoinVault is?
CoinVault is the latest encryption ransomware infection which compromises the operating system in order to obtain the victim’s money. The CoinVault ransomware is similar to other encryption programs because it is capable of encrypting a great many files, including .doc, .xlsx, .pdf, .mp3, .gif, .txt, and many other commonly used files. Upon installation, the infection creates an auto-start registry called Vault in order to start running once the user log on to the computer and scans the system for files which will be encrypted. Once the encryption process is completed, the CoinVault infection changes the screen wallpaper and displays a ransom warning. After being attacked by this infection, all that you have to do is remove the files of the threat and restore your files from your backup storage.
Unlike screen lockers that only disables access to the system, the creators of the CoinVault malware demand that the user pay a 0.7-bitcoin (roughly €207) ransom to a specific account. It has been found that different bitcoin accounts are provided to the victims in order to make the detection of the attackers more difficult. The victim is warned that he/she has 24 hours to pay the ransom; otherwise, the sum of the ransom will increase. Interestingly, the CoinVault malware does not use any decryption site but functions as the decrypter and payment system.
In order to operate successfully, the infection installs the LiveContractView program, which enables the attacker to provide the victim with the privacy key, which is necessary to decrypt the data. However, there is no guarantee that the attacker will provide the user with the decryption key after the payment is made. We advise you against paying the ransom because you may not regain access to the system.
In order to prevent data loss as in the case with the CoinVault malware, it is advisable to keep the system and security programs up-to-day and create data backups on a regular basis. However, in the present case, it has been found that it may be possible to restore the encrypted data if Volume Snapshot Service, also known as Volume Shadow Copy Service, is activated on the system. This technology is part of Microsoft Windows that takes manual or automatic backup copies of the files stored on the computer. In order for the service work properly, the system has to be NTFS. Note that you may not be able to restore the latest snapshots of your files. Moreover, the latest malware programs may attempt to delete shadow copies.
In order to give some hope to the victims, the CoinVault ransomware warning allows the victim to restore one file for free. However, it does not make a lot of different if there are many more files that must be decrypted.
As regards the removal of CoinVault, we recommend that you implement a reputable malware and spyware program, because, if you do not have knowledge in malware removal, you may not manage to remove the infection manually. Our team recommends that you implement SpyHunter because this program removes the auto-start file of the program and some other components of the infection.
In non-techie terms:
CoinVault is a complex ransomware infection and we recommend that you take appropriate measure to prevent it and other threats from accessing the operating system. Our instructions below will help you install the recommended program, which safeguards the system against Trojan horses, browser hijackers, adware programs, ransomware infections, rootkits, and many other malicious programs.