Cyber Risks · Cisco Talos

Talos Takes Ep. #57: A ransomware-as-a-service explainer

Summary: The latest episode of Talos Takes features Nick Biasini explaining the ransomware-as-a-service business model, comparing it to a McDonald's franchise and discussing what the original ransomware creator and the operators each get out of the transactions. The episode notes that the RaaS model has entered the mainstream over the past few months with groups such as DarkSide attacking the Colonial Pipeline.

Bottom line: The RaaS model splits ransomware work between a creator and operators, so the Colonial Pipeline attack attributed to DarkSide shows how a franchise-like structure can put destructive capability in more hands and drive a rise in ransomware attacks.

Read the original at Cisco Talos ↗

Topics
Malware
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