Protect Against the Rise of Ransomware-as-a-Service

The cybersecurity economy is constantly evolving, and one of the most emerging trends is the rise of Ransomware-as-a-Service (RaaS). RaaS is typically an arrangement between an operator, who develops and maintains the malware and attack infrastructure necessary to power extortion operations, and those who sign on to deploy the ransomware payload against targets. 

Cybercriminals are purchasing access into a network or hit lists of vulnerable organizations that may have exposed credentials or already have malware footholds on their network. The cybercriminals deploy a ransomware payload against their targets. RaaS customers rent ransomware services, rather than owning them as in a traditional software distribution model. 

RaaS services are purchased and accessed on the Internet. RaaS is usually distributed via malware forums on the dark web. (The “dark web” is a part of the Internet that can only be accessed using a Tor browser, which conceals a user’s location and IP address.)  

RaaS is making it possible for anyone with ill intent to become a cybercriminal by lowering the barrier to entry for attackers. Not just that, but cybercriminals no longer must have the technical skills required to breach a network on their own.  

Businesses are experiencing an increase in both the volume and sophistication of cyberattacks. RaaS is one of the leading factors in why the volume of attacks is on the rise.  

So how do you protect yourself and your business? It may be costly to implement enhanced security protocols, but security hardening can save you money. Not only will your systems become more secure, but your organization will spend less on security costs. Not to mention, if you must pay a ransom, that alone could be detrimental to your bottom line. 

Three key areas to focus on are security awareness training for your team, email security solutions, and backup and disaster recovery solutions. If you need help with security hardening, 2W Tech can help. We are a technology service provider with IT Consultants on staff that are experts in security solutions. Let the team at 2W Tech help ensure your organization and data is protected from all outside threats.

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