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Another big, game-changing element of ransomware is that you don't have to be a hacker.
You don't even have to have any technical expertise.
Ransomware as a Service (RaaS) is a business model between ransomware operators and affiliates in which affiliates pay to launch ransomware attacks developed by operators. The price of RaaS kits ranges from $40 per month to several thousand dollars.
Who has subscription services they pay for now?
Yeah, pretty much everybody.
Guess what? If you wanted to be a bad guy and start hacking businesses, all you have to do is subscribe to a service, and they're calling that ransomware as a service.
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So, I can pay for a service, have all the tools at my disposal, and oftentimes they'll even sell me, if I were a bad actor or criminal, they'll even sell me access to networks that they already have available to me.
All I have to do is start running the tool that I have now subscribed to.
So, the barrier to entry for criminal-minded individuals has been reduced significantly.
Teknologize is a SOC 2 Type II accredited Managed IT and Cybersecurity provider serving small to mid-sized businesses across Washington and Oregon. We deliver full-service Managed IT Support, Co-Managed IT Support, advanced Cybersecurity Solutions, and IT Compliance Services for regulated industries, including Healthcare, Financial Institutions, the Utilities Sector, Manufacturing, and Professional Services.
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