Ransomware as a service is a business model where the customers or the malicious party use the ransomware developed by the experienced hacker. They may pay a certain amount, or a certain percentage of the total ransom received using this tool or code. This may be an example of software as a service.
And the best part of RaaS is the person who uses this service does not need to know anything about coding. In the past, any attacker needs to have a good amount of knowledge in coding to initiate the attacks. But with the model of Raas, the user is not required to know even the basics of coding and still can execute the attack.
This increasing trend of Raas gives a huge disadvantage to cybersecurity experts. The number of ransom attacks has been on the increasing graph ever since the Raas model was started. Companies or organizations of all sizes are trying their best to increase their cybersecurity to reduce the victimization of Raas.
Ransomware attacks are found to be always on the rise. According to the report jointly given by The Cybersecurity and Infrastructure Security Agency (CISA), the FBI, and the NSA, ransomware attacks in 2022 will only be on the rising side.
The most dangerous thing about Raas is it’s very easy to find. It becomes like ordinary goods sold on a market. Some Raas kits even have 24/7 support; other offers, there are forums on this kind of service to provide user services. They follow the same kind of treatment as SaaS. This kind of Raas service is not much costly too. If they buy a kit for 40 to 50$, they can earn up to thousands of dollars if the attack is successful. The person who uses RaaS needs a few attacks to succeed in becoming a rich person.
The way RaaS work
The model of RaaS
Almost all the RaaS methods will come under this kind of model. This model is based on profit distribution profits between the developer and affiliates.
In this method, the users pay a monthly fee, like subscribing to a newspaper and earning some percentage of the successful ransom. The developer may use the money from the subscription to develop a code or consider it a pure profit if there are many subscribers.
In this model, a certain number of profits will be given to the RaaS developer. Instead, a developer will provide efficient service and support till the attack is successful.
The customer will pay the amount upfront and buy the code in this model. What he does with that and the profits earned solely belong to the customer.
This model is similar to the affiliate model. The profits are divided between the developer and customer based on their predetermined conditions.
By understanding how RaaS works and familiarizing yourself with their models, the cybersecurity team to develop their defense. As a cybersecurity expert, you need to be aware of attacks’ different methods and principles to develop a successful defense. It is best to understand more about ransomware, its anatomy, and prevention methods, even if you are not in cybersecurity. Knowing this knowledge may help you avoid becoming a victim of ransomware attacks.