How Ransomware Tactics Are Shifting, And What It Means For Your Business
HelpNet Security, Tuesday, September 3rd, 2024
In this Help Net Security interview, Tim West, Director of Threat Intelligence and Outreach at WithSecure, discusses Ransomware-as-a-Service (RaaS) with a focus on how these cybercriminal operations are adapting to increased competition, shifting structures, and a fragmented ecosystem.
West talks about the implications of these changes for targeted industries, particularly engineering and manufacturing, and examines ransomware actors' growing reliance on dual-use tools.
How has the ransomware-as-a-service (RaaS) landscape evolved? Are we seeing a shift in how these operations are structured or the types of affiliates they attract?
We're seeing increased competition as established brands seek to attract affiliates. With the takedown of prominent groups like LockBit and ALPHV, many affiliates have become 'nomadic,' seeking new RaaS collectives to align with. This has intensified competition within the ecosystem, as different RaaS brands strive to offer more appealing terms, better tooling, and reliable payouts to attract these experienced operators.