Ransomware as a Service

So, it’s your responsibility to continually improve your value proposition to your clients. Whether it be improvements to your product, service, delivery, or experience. Guess what? So do the bad guys.

And they’re taking a page out of our book.

The term “as a service” is based on the idea of a company offering goods or services primarily as a subscription model. For example, “Software as a Service”, “Hardware as a Service”, “HR as a Service” and even “Ransomware as a Service”.

That’s right, bad guys can actually purchase access to all the hacking tools and processes from…wait for it…other bad guys. Remember the Colonial Pipeline hack last year? Yup, Ransomware as a Service.

Sophos (one of our primary security partners here at Simplex-IT) recently published their “2022 Threat Report Summary”. One of their comments about RaaS (that’s what us cool kids call it) was:
“Sophos expects that RaaS developers will continue to invest time and energy in creating sophisticated code and determining how best to extract the largest payments from victims, insurance companies and negotiators.”

So instead of the bad guys all making and using their own malicious tools, they’re going to essentially rent the best tools from the best developers.

Yuck.

And to make matters worse? They’re looking for new ways to incentivize…I mean force…victims to pay the ransom.

Strong organizations need Strong IT that’s empowered to bring value throughout the organization. Email me here, Bob@Simplex-IT.com, with your address and I’ll send you a copy of “Sophos’ 2022 Threat Report Summary”, plus my book “A CEO’s Survival Guide to Information Technology”.  In the meantime, are you taking the ransomware threat seriously?