What is Ransomware as a Service and How Does It Work?
As an individual who actively seeks to make the Internet a part of our world, you must have been familiar with Ransomware attacks. Since its inception until now, Ransomware is still one of the worst computer viruses in history. In fact, in the upcoming year 2021, cyber security experts predict that this type of attack will continue to be the most dangerous and disruptive attack that will threaten organizations around the world.
As we know, Ransomware is malware that employs encryption to hold a victim’s information at ransom. An organization’s critical data is encrypted so that they cannot access files, applications, or data bases. Further, cybercriminals demand ransom from their targets before they provide a decryption key for locked system and encrypted data.
While people were trying to deal with this cyber threat, cybercriminals moved one step further by offering “innovation” named Ransomware as a Service (RaaS). Under this service, cybercriminals provide a compact malicious kit to launch a ransomware attack.
Have you been familiar with the term of Ransomware as a Service (RaaS)? In this article, you will get explanation about Ransomware as a Service and how it works, also solutions to protect your organization from this type of cyber threat.
What is Ransomware as as Service (RaaS)?
Ransomware-as-a-Service (RaaS) is a subscription-based malicious model that enables even the novice cyber criminals to launch ransomware attacks without much difficulty. RaaS users only needs to register their accounts, then make customized version of Ransomware without complexity, and no any malware code is needed.
Therefore, RaaS is commonly used by novice cyber criminals who do not have much technical knowledge of how to create Ransomware. RaaS provider allows anyone to become attackers from established RaaS package or service.
How Does Ransomware as a Service (RaaS) Work?
The RaaS provider will write ransomware code and sell or rent it to other people who have the intent to launch attacks with Ransomware. RaaS provider will provide technical information to users on how to launch Ransomware. The platform even can display status of the attack using a real-time dashboard.
Once the attack is successful, the ransom money is divided between the RaaS provider and attacker (in this case, a novice cyber criminal)
There are numerous reasons why Ransomware as a Service (RaaS) is considered as “a new innovation” to professional cyber criminals. For them, it enables the Ransomware makers to earn more money quickly. As for the users, it will be very beneficial since they don’t need to have special technical skills to attack their targets with Ransomware. This collaboration will generate mutually-beneficial collaboration for RaaS providers and its users.
How to Protect Your Organization against Ransomware as a Service (RaaS)
Most of malicious RaaS attack targets through phishing emails and exploit kits. The cyber security experts has predicted that this type of threat will be one of the most dangerous threats for organizations in 2021. In consequence, all organizations need to take preventive actions in order to avoid losses caused by this type of threat. Then, how to protect your organizations against Ransomware as a Service? You can find full information about this topic by reading this article: Protect Your Organizations against Ransomware as a Service