Browse Definitions :
Definition

ransomware as a service (RaaS)

Ransomware as a service (RaaS) is the offering of pay-for-use malware created for extortion over stolen or encrypted data, known as ransomware.

The author of the ransomware makes the software available to customers called affiliates who can use the software to hold people’s data hostage with relatively little technical skill. The use of RaaS allows affiliates to enter an area of extortion practices that was previously exclusive to the authors themselves.

For the malware author, the business model allows them to scale their earnings from their software with less personal risk than incurred if they use it themselves. Offering their software to others removes them from the final crime by having another perform the act of ransom.

An uptick in the number of ransomware infections has been attributed by many security experts to the advent of RaaS. McAfee security researchers claim that the RaaS model has an ability to create vast affiliate networks, enabling ransomware such as CTB-Locker to increase their impact.

While affiliates might take the chance of paying for RaaS via credit card, cryptocurrency is often used as payment.

This was last updated in December 2018

Continue Reading About ransomware as a service (RaaS)

SearchCompliance

  • compliance risk

    Compliance risk is an organization's potential exposure to legal penalties, financial forfeiture and material loss, resulting ...

  • information governance

    Information governance is a holistic approach to managing corporate information by implementing processes, roles, controls and ...

  • enterprise document management (EDM)

    Enterprise document management (EDM) is a strategy for overseeing an organization's paper and electronic documents so they can be...

SearchSecurity

  • user authentication

    User authentication verifies the identity of a user attempting to gain access to a network or computing resource by authorizing a...

  • unified threat management (UTM)

    Unified threat management (UTM) describes an information security (infosec) system that provides a single point of protection ...

  • physical security

    Physical security is the protection of personnel, hardware, software, networks and data from physical actions and events that ...

SearchHealthIT

SearchDisasterRecovery

  • risk mitigation

    Risk mitigation is a strategy to prepare for and lessen the effects of threats faced by a business.

  • call tree

    A call tree is a layered hierarchical communication model that is used to notify specific individuals of an event and coordinate ...

  • Disaster Recovery as a Service (DRaaS)

    Disaster recovery as a service (DRaaS) is the replication and hosting of physical or virtual servers by a third party to provide ...

SearchStorage

  • cloud storage

    Cloud storage is a service model in which data is transmitted and stored on remote storage systems, where it is maintained, ...

  • cloud testing

    Cloud testing is the process of using the cloud computing resources of a third-party service provider to test software ...

  • storage virtualization

    Storage virtualization is the pooling of physical storage from multiple storage devices into what appears to be a single storage ...

Close