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Tek Video: Ransomware as a Service (RaaS)

Written by Byron Martin | Feb 28, 2023

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)

 

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

 

 

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.

 

 

About Teknologize

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 HealthcareFinancial Institutions, the Utilities SectorManufacturing, and Professional Services.

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