Friday, August 19, 2022



Ransomware as a service creates cottage industry of cybercrime

New Delhi, June 26, 2022- As cyber-attacks increase, ransomware-as-a-service (RaaS) has catapulted from a fledgling threat into a force to be reckoned with, significantly lowering the barrier of entry and allowing cybercriminals who lack the technical skills to commoditise ransomware, a new research has warned.

The research found that ransomware’s current dominance is directly linked to the emergence of a technique known as “double extortion”.

The tactic, pioneered by the Maze ransomware group, involves stealing sensitive data from victims and threatening to publish these files on leak websites, while also encrypting the data so that the victim cannot access it, according to the report by Tenable, a cyber exposure company.

“With RaaS and double extortion, Pandora’s box has been opened, and attackers are finding holes in our current defences and profiting from them,” said Satnam Narang, senior staff research engineer, Tenable.

In 2021, “double extortion” ransomware increased by 117 per cent globally.

“CERT-In noted that the country witnessed double the ransomware attacks in 2021 compared to 2020, leading to more organisations paying ransoms,” Narang informed.

Ransomware groups have recently added a variety of other extortion techniques to their repertoire, including launching distributed denial-of-service (DDoS) attacks to contacting customers of their victims, making it even more challenging for defenders.

These tactics are part of the ransomware gangs’ arsenal as a way to place additional pressure on victim organisations.

In 2020 alone, ransomware groups reportedly earned $692 million from their collective attacks, a 380 per cent increase over the previous six years combined ($144 million from 2013-2019).

Affiliates who earn between 70-90 per cent of the ransom payment, are charged with the task of doing the dirty work to gain access to networks through tried and true methods such as spearphishing, deploying brute force attacks on remote desktop protocol (RDP) systems, exploiting unpatched or zero-day vulnerabilities and purchasing stolen credentials from the dark web.

Affiliates may also work with IABs, which are individuals or groups that have already gained access to networks and are selling access to the highest bidder.

Their fees range on average from $303 for control panel access to as much as $9,874 for RDP access, said the researchers.  (Agency)

Subscribe to YesPunjab Telegram Channel & receive important news updates

- Advertisement -

Yes Punjab - TOP STORIES

Punjab News

Sikh News

Transfers, Postings, Promotions

- Advertisement -spot_img

Stay Connected






The importance of rights of the nation – by Seema Singh

As we celebrate 75 years of Independence, it is a high time to introspect and contemplate about the gains and losses we made in...

Gilli-Danda: Comeback of 75 indigenous sports – by Narvijay Yadav

Under the ‘Azadi Ka Amrit Mahotsav’ the central government has stepped up the plan to introduce 75 indigenous sports in all schools. The popular...

Is the world sliding into a Chernobyl-plus nuclear disaster in Ukraine? – by Sergei Strokan

New Delhi, Aug 13, 2022- Tensions around the Zaporozhye nuclear power plant in Ukraine reached a climax by the weekend, after three more missiles...


Health & Fitness

Rise in pregnancy-related complications during Covid pandemic

New York, Aug 13, 2022- Covid-19 has caused unprecedented stressors as a new study showed a rise in pregnancy-related complications during the pandemic. The study, published in the journal JAMA Network Open, assessed how pregnancy-related complications and obstetric outcomes changed during Covid compared to pre-pandemic. Looking at the relative changes in the mode of delivery, rates of premature births and mortality...

Gadgets & Tech

error: Content is protected !!