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Ransomware-as-a-Service (RaaS) – The Rising Threat to Cybersecurity

Heimadal Security

Ransomware trends are on the rise, even more so today than in the previous years. According to some estimates, by end of 2021, the number of ransomware attacks would have increased to 1 every 11 seconds, the outstanding record being one ransomware every 14 seconds.

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Watch out, GhostSec and Stourmous groups jointly conducting ransomware attacks

Security Affairs

Researchers warn that the cybercrime groups GhostSec and Stormous have joined forces in a new ransomware campaign. The GhostSec and Stormous ransomware gang are jointly conducting a ransomware campaign targeting various organizations in multiple countries, Cisco Talos reported. The GhostLocker 2.0

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GUEST ESSAY: Defending ransomware boils down to this: make it very costly for cybercriminals

The Last Watchdog

From financial institutions to meat producers, it seems every industry has been impacted by ransomware in the past year — maybe even the past week. Related: Tech solutions alone can’t stop ransomware. Put simply, ransomware attacks are on the rise because of profits. Why the stark increase? Low cost attacks.

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Who is Alleged Medibank Hacker Aleksandr Ermakov?

Krebs on Security

33-year-old Aleksandr Ermakov allegedly stole and leaked the Medibank data while working with one of Russia’s most destructive ransomware groups, but little more is shared about the accused. REvil is a ransomware-as-a-service (RaaS) operation and generally motivated by financial gain,” a statement from the U.S.

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LockBit Ransomware Is Now Encrypting Windows Domains

Heimadal Security

The LockBit ransomware was launched in September 2019 as a ransomware-as-a-service. The RaaS concept is similar to SaaS (Software as a Service) and PaaS (Platform as a Service) concepts since the malicious actors do not need to create malware kits from scratch, as they can rent or purchase them from a RaaS provider.

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Conti Affiliate Leaks the Attack Playbook of the Ransomware Gang

Heimadal Security

Conti Ransomware operation is known as a ransomware-as-a-service (RaaS). As thoroughly explained by Vladimir, Ransomware-as-a-Service is an illicit ‘parent-affiliate(s)’ business infrastructure, in which operators give tools to affiliates with the goal of carrying out ransomware attacks.

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BlackCat’s Ransomware Tool Gets an Upgrade

Heimadal Security

BlackCat ransomware isn’t showing signs of slowing down. The group, considered a successor to Darkside and BlackMatter, is one of the most sophisticated and technically advanced RaaS (Ransomware-as-a-Service) operations. The post BlackCat’s Ransomware Tool Gets an Upgrade appeared first on Heimdal Security Blog.