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Research reports by security companies worldwide indicate that new forms of ransomware are infecting computers across the globe. One such ransom ware that is currently continuing to infect terminals and which has been in the news a lot lately is CryptoLocker. Ransomware is a kind of malicious virus software that hackers and cyber terrorists employ in holding a computer or specific computer files containing important data for ransom, commanding money from the owner to retrieve the files. Unfortunately, ransomware is becoming a worldwide threat and is being seen as an increasingly popular way of extorting payments from organisations and individuals for malware developers.