Ransomware as a Service
What is ransomware as a service? You’re likely familiar with software as a service (SaaS) but ransomware? What does that mean?
First, let’s do a quick recap of what ransomware is. It is a type of malware that holds the victim’s files and folders for ransom. Through human error, the malware is deployed and encrypts network data, with a safe return being promised once the ransom is paid. And with payments usually made through cryptocurrency, traceability is eliminated.
The ransomware as a service business model was developed for criminal purposes, with the product or service being purchased for illegal activity. Ransomware requires little effort with potentially big payouts.