Jan 11, 2023
Tanay Rai
Ransomware remains a significant threat in the cybersecurity landscape, with attackers frequently targeting essential services. The availability of sophisticated attack tools on the dark web has fueled the rise of Ransomware as a Service (RaaS), a subscription-based model where ransomware is rented out for malicious use.
What is Ransomware as a Service (RaaS)?
RaaS is a subscription-based malware business model designed to extract data via encryption. Affiliates with limited technical skills can rent ransomware from developers, enabling them to perform attacks that were once only possible for experienced hackers.
History of RaaS:
In 2016, ransomware could be rented for as little as $39, with Stampado being one of the first accessible options. Over time, RaaS evolved, offering deluxe versions like Philadelphia, which included customer interfaces and regular updates.
How Does RaaS Work?
RaaS operates like a SaaS model, where ransomware developers handle the back-end infrastructure, including encryption code and customer service. They offer ransomware subscriptions or one-time payments, often accepting cryptocurrency for transactions.
Preventing RaaS Attacks:
To mitigate the risk of RaaS attacks:
Backups: Ensure regular data backups and a recovery plan.
Phishing Protection: Use tools to detect and prevent phishing emails.
Multi-Factor Authentication: Implement additional security layers.
Frequent Software Updates: Keep systems up to date to reduce vulnerabilities.
About Genesis:
Genesis is a cyber risk management platform combining attack surface management and third-party risk management. It helps businesses monitor cybersecurity posture, reduce attack surfaces, and prevent data breaches through a comprehensive risk score system.
