ByCharlie Osborne for Zero Day |
A new kind of ransomware-as-a-service (RaaS) which offers users the chance to tailor their own code and ransom demands has been discovered in the Dark Web.
Ransomware is an escalating problem for cybersecurity researchers and the general public alike. This particular kind of malicious code has evolved beyond spying, surveillance, or browser redirection and can be far more damaging — as many forms of ransomware encrypt your system and demand a ransom payment in return for restoring access.
It is estimated that ransomware cost upwards of $1 billion in damages over 2016 alone.
However, it is not just singular kinds of ransomware around the wild which are at fault — it is the emergence of ransomware-as-a-service platforms which give half-baked cyberattackers the chance to use someone else’s ransomware creations in return for subscription payments.