What is RaaS and why is it so dangerous?

It’s no secret that ransomware is quickly becoming the most dangerous threat to organizations. There has been a dramatic increase in ransomware attacks, largely due to the pandemic.  Globally, ransomware attacks increased over 60% in 2020, and 158% in North America, with the FBI receiving 20% more ransomware complaints. In the first half of 2021, ransomware attacks increased 151% compared to the same time period last year.

One of the reasons ransomware attacks have become so prolific has been due to the rise of RaaS, or Ransomware as a Service. This refers to a shift in how ransomware gangs conduct attacks and even how ransomware is deployed on networks, increasing the chance of success.

We’ll break down this new ransomware development and give you tips on how you can better defend yourself.

How ransomware used to work

Ransomware was largely made possible via exploit kits — software that could be purchased via hacker forums and the dark web. The Hermes ransomware is a good example. Exploits kits contain malware, rookits, and ransomware, usually packed in a form of an exploit vulnerability that allows the malware to infect a network. This allows the purchaser to attempt to infect organizations with the malware,

Read More: https://businessinsights.bitdefender.com/what-is-raas-and-why-is-it-so-dangerous