Ransomware-as-a-Service: Commoditizing ransomware
One of the most profound changes in the modern business landscape has been the gradual shift to the Subscription Economy. In years gone by, you handed over your hard-earned money and in return received a product or service that was yours to keep. Now, both companies and consumers are ditching the traditional pay-per-product approach in favor of the as-a-service model – an arrangement that offers greater flexibility for consumers and more predictable, stable income for businesses. In most cases, it’s a better all-round experience for everyone involved.
Sadly, it’s not just Netflix and Spotify that have adopted this way of offering their services. In the dark recesses of the digital underworld, malware authors hawk ransomware subscriptions that are swiftly snapped up by buyers with unscrupulous motives. A relatively recent phenomenon, Ransomware as a Service (RaaS) allows anyone with an internet connection – regardless of their technical literacy – to purchase powerful ransomware via the Dark Web and carry out devastating encryption attacks against the targets of their choice.How does Ransomware-as-a-Service work?