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Cyber Security

Ransomware: The rise of Misfortune 500 businesses

Ransomware has become a commodity threat that fosters new tools and technologies. Technology is sold as a service; skills and expertise are leased across criminal organizations and reputations now ensure victim firms pay six or seven figure ransoms. A report on global incident responses measures ransomware-as-a-service (RaaS) as a $140 million business. RaaS is growing in popularity because it lowers the entry barriers for prospective cybercrime entrepreneurs. It has the very real potential to increase the ‘supply’ of ransomware operators.

Source: https://www.helpnetsecurity.com/2021/01/30/ransomware-the-rise-of-misfortune-500-businesses/

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