RaaS Explained: How Cybercriminals Are Scaling Attacks Like Startups

There is a lot of money in cyberattacks like ransomware, and unfortunately for organizations of all sizes, the cybercrime business is booming. 

Ransomware has come a long way since the days of using floppy disks at health conventions to spread malicious files. Now, this previously rare endeavour has become a thriving business in the form of Ransomware-as-a-Service (RaaS), which involves hackers selling ransomware kits to others. 

But it’s not all doom and gloom. Businesses are successfully fighting back, with better IT management and incident readiness, which involves proactive approaches to identify vulnerabilities to fix them before attacks happen.

This article defines Ransomware-as-a-Service, why it’s growing, business risks, IT management’s role, and strengthening backups and incident response. By the end, you’ll know how to avoid RaaS attacks, save money, and improve your reputation.

What Is Ransomware-as-a-Service (RaaS)?

If you work in any role within a business, you ...