RaaS racks up $692 million from collective attacks in 2020

RaaS Ransomware-as-a-service

Mumbai: The advent of RaaS (ransomware-as-a-service) is one of the key reasons why ransomware has prospered, according to new research from cyber exposure company Tenable. The service model has significantly lowered the barrier of entry, allowing cybercriminals who lack the technical skills to commoditize ransomware. In 2020 alone, ransomware groups reportedly earned $692 million from their collective attacks, a 380% jump over the previous six years combined ($144 million from 2013 to 2019). The success of RaaS has also attracted other players such as affiliates and initial access brokers (IABs).…

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India amongst the top 10 nations susceptible to SAMSAM : Sophos investigative report

Bangalore: Sophos, a global leader in network and endpoint security, has released an in-depth investigative white paper on the SamSam ransomware attacks that first appeared in December 2015. Titled ‘SamSam: The (Almost) Six Million Dollar Ransomware’, this whitepaper aims to provide a comprehensive understanding of this unique ransomware attack by summarizing key findings about attacker’s tools, techniques, and protocols. Unlike most ransomware, SamSam is a thorough encryption tool, rendering not only work data files unusable but any program that is not essential to the operation of a Windows computer, most…

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