New ransomware-as-a-service caters to cybercriminals with commercial expansion

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RaaS is fast becoming an easy method for small organizations to generate quick revenue

ransomware
Image credit: Pixabay (Image credit: Pixabay)

New evidence suggests that the popular Play ransomware is now being rented out to cybercriminals.

Known as ransomware-as-a-service (RaaS), cybercriminals can pay to use the malware itself alongside the infrastructure needed to pull off an attack.This is a relatively new phenomenon and can provide a steady stream of revenue for malicious cyber gangs.

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Pay-per-Play

In a report, Adlumin stated, “The unusual lack of even small variations between attacks suggests that they are being carried out by affiliates who have purchased the ransomware-as-a-service (RaaS) and are following step-by-step instructions from playbooks delivered with it.

“When RaaS operators advertise ransomware kits that come with everything a hacker will need, including documentation, forums, technical support, and ransom negotiation support, script kiddies will be tempted to try their luck and put their skills to use.”

RaaS has been highlighted by multiple threat intelligence organisations as a growing sector within cybercriminal enterprise, as highly organized cyber gangs rent out their infrastructure, tactics, techniques and procedures to fledgling groups or individuals looking to make some money without the necessary investments in their own architecture.

In the wake of some ransomware attacks, cybercriminals have been known to leverage stolen data by threatening to sell/release it as a means of further extorting organizations and forcing them to pay. The US, alongside a number of other leading economies, recently signed a pledge to never pay a ransom to cybercriminals again.

Via The Hacker News

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Benedict Collins
Benedict Collins
Senior Writer, Security

Benedict is a Senior Security Writer at TechRadar Pro, where he has specialized in covering the intersection of geopolitics, cyber-warfare, and business security.

Benedict provides detailed analysis on state-sponsored threat actors, APT groups, and the protection of critical national infrastructure, with his reporting bridging the gap between technical threat intelligence and B2B security strategy.

Benedict holds an MA (Distinction) in Security, Intelligence, and Diplomacy from the University of Buckingham Centre for Security and Intelligence Studies (BUCSIS), with his specialization providing him with a robust academic framework for deconstructing complex international conflicts and intelligence operations, and the ability to translate intricate security data into actionable insights.