Ransomware as a service is proving effective for cyber criminals who want a piece of the cyber-extortion action but without necessarily having the skills to develop their own malware, with two out of three attacks using this model.
Ransomware attacks are still proving extremely lucrative, with the most well-organised gangs earning millions per victim, so many cyber criminals want to cash in – but don't have the ability to code and distribute their own campaigns.
That's where ransomware as a service (RaaS) comes in, with developers selling or leasing malware to users on dark web forums. These affiliate schemes provide low-level attackers with the ability to distribute and manage ransomware campaigns, with the developer behind the ransomware receiving a cut of each ransom victim's pay for the decryption key.
Researchers at cybersecurity company Group-IB have detailed that almost two-thirds of ransomware attacks analysed during 2020 came from cyber criminals operating on a RaaS model.
Competition among ransomware developers can even lead to the authors providing special deals to wannabe crooks, which is more bad news for potential victims.
"Affiliate programs make this kind of attack more attractive for cybercriminals. The tremendous popularity of such attacks made almost every company, regardless of their size and industry, a potential victim," Oleg Skulkin, a senior digital forensics analyst at Group-IB, told ZDNet.
Image Source: Emsisoft.com