Global Security Report: Ransomware as a business explodes
Global Security Report 2017
Ever since Cryptolocker was unleashed on a global scale in late 2013 resulting in the extortion of millions of dollars paid to the perpetrators, cybercriminals have been coming out of the woodwork to get in on the action.
Many of the nefarious groups and actors in this space have created a business model very similar to what legitimate businesses use. They will provide the coding, infrastructure, payment systems, and user-friendly management interface to a “customer” for victims whom the “customer” targets.
As an example, on the dark web, we’ve seen a single user infection go for $10 or unlimited infections $50 per month. Other pricing structures take a cut of the ransomware proceeds once a victim is infected and pays the ransom.
The customer of malware as a service doesn’t need to have strong technical skills in order to utilize these malware as a service or ransomware-type platforms.
We expect many small and inexperienced attackers will increasingly leverage these platforms going forward.
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