Researchers Uncover Affiliate Network for Ransomware

  • 3 June 2016
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By Tom Spring June 3, 2016
 
                                             


 
Ransomware as a business is maturing and nowhere is that better illustrated than in Russia, according to Flashpoint researchers. The security firm released two reports on Thursday, one on a burgeoning ransomware-as-a-service business model (PDF) in Russia and the second on new developments in Russian ransomware kingpins targeting hospitals (PDF).
 
Researchers conclude, the ransomware industry is getting more brazen, coordinated and surprisingly is struggling with issues of ethics. Both reports unearth some interesting tidbits of the Russian ransomware business such as the average yearly income for a ransomware crime boss in Russia is $90,000.
 
Flashpoint discovered, in the case of ransomware-as-a-service, the market is quickly evolving to where seasoned ransomware criminals are now actively seeking new recruits in hopes of rapidly growing their business.
 
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Userlevel 7
These cyber criminals have a lot of money to take and will stop at nothing to get what they want. So now organization is the route to go like anyother business.
Userlevel 7
Now I have heard it all...RaaS...LOL. I think that the miscreants are getting all over to clever for their own good...hopefully as a result this will allow the authorities more chances to identify and take them out.

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