"I'm a small business. Why would a ransomware gang be out to get me?" This is a question we hear a lot working with local businesses. Everyone sees the big cyber crime headlines in the news, most recently with Uber, and last year quite visibly with the Colonial Pipeline, but what many people don't realize is that half of these kinds of threats hit small businesses - the events just don't make national news. Why are so many small businesses impacted when there are bigger targets out there? It's Ransomware as a Service. What's ransomware as a service? You’re likely familiar with software as a service (SaaS) but ransomware? What does that mean?
First, let’s do a quick review of what ransomware is. It's a type of malware that holds the victim’s files and folders for ransom. This sounds like something out of a Tom Cruise movie, but basically a giant warning shows up on your screen with a ticking clock that says pay the ransom, or you won't ever access your files again. Most typically, malware gets on your computer network through human error with someone inadvertently clicking on the wrong link or opening the wrong email attachment (like a fake resume). The malware is deployed and encrypts network data, with a safe return of your data being promised when the ransom is paid. And with payments usually made through cryptocurrency, these crimes are can be committed anonymously. Cybercrime is big business!
The "Ransomware as a Service" business model was developed for criminal purposes to make it even easier for criminals to conduct crimes. Ransomware requires little effort to deploy with potentially big payouts. Criminals with little or no technical know-how can now blast out millions of emails to potential victims. All they need is a few mouse clicks to make a lot of money.
Ransomware as a Service
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