What is Ransomware-as-a-Service (RaaS)?
Ransomware has become one of the most effective cyberattack methods in recent years. In this type of malware attack, cybercriminals take files hostage via encryption and withhold the decryption key until the victim pays a ransom. While there are many ways to protect yourself against ransomware attacks, Ransomware-as-a-Service (RaaS) has made these attacks more sophisticated than ever. Even the least tech-savvy criminals can carry out attacks successfully, which is why it’s important to understand what RaaS is, how it works, and how to protect yourself from it.To get more news about Robotics as a Service
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What is Ransomware-as-a-Service?
RaaS is a business model in which ransomware developers—or ransomware operators—rent out malicious software to other cybercriminals known as ransomware affiliates. In this way, RaaS is similar to Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS).
Rather than buying software or setting up infrastructure, bad actors can buy in with a one-time fee or use a pay-per-use model. RaaS has grown in popularity among cyber attackers in recent years because of its ease of use.
This business model creates a unique opportunity for cybercriminals to make money without doing any grunt work to build malware tools. Not only does purchasing a RaaS kit mean less work, but it also gives bad actors access to sophisticated tools without having extensive programming experience or technical skills. This has resulted in a massive increase in attacks explicitly designed to extort money from RaaS victims.
Ransomware vs. Ransomware-as-a-service
Ransomware is a malware payload that encrypts an individual’s or organization’s data, often with solid encryption, then demands payment in return for providing a decryption key. When an individual has their data encrypted by ransomware, they are usually required to pay a ransom fee using Bitcoin or another digital currency to decrypt and regain access to their files.
Ransomware attacks have only multiplied by being made available as a service on underground forums, where cybercriminals can buy both malware code and turnkey attack-as-service operations.
The fundamental differences between both types of operations are minor; in either case, a criminal operator holds the victim’s data hostage while demanding money from them. With traditional ransomware attacks, there is no intermediary between victims and attackers; however, with RaaS, an attack operator provides the platform while the affiliate executes the attack.
How does RaaS work?
The affiliates can purchase and deploy ready-made, sophisticated RaaS software against unsuspecting individuals or organizations around the world at little cost and without needing programming skills. This software can be leased or purchased from malware developers looking to make a profit or looking to commission the tools as part of a service.
RaaSberry is one example of a RaaS program. Using RaaSberry, customers (affiliates) pay $60 per month for full use of the ransomware features, including a 250KB “unique EXE” (with both the encryptor and decryptor), free support, multi-OS compatibility, and other features such as task manager disabler, mutex, and delayed start.