IT Services Experts in Austin Break Down Ransomware-as-a-Service (RaaS)

IT services Austin

Ransomware-as-a-Service, also referred to as RaaS, has emerged as quite the despicable form of cyber extortion. If you have not yet secured the services of a cyber security team in Austin, now is the time to do so. The last thing you want is for your expensive computing equipment to be held ransom by anonymous digital thieves who demand tens of thousands of dollars or more to relinquish control over the system. Our IT services crew in Austin can help prevent this nightmare from becoming a reality.

The Basics of Ransomware

Ransomware is a form of malware designed to encrypt digital systems, making them useless until the target pays the ransom fee. The attackers commonly request payment in the form of bitcoin. Once the ransom is paid, the digital miscreant provides the key necessary to unlock the encryption and return control to the user.

Rather than access data, ransomware simply locks the entire system down. Even if the target pays the ransom, there is no guarantee the hackers will transmit the key. Furthermore, the key provided by the hackers might not work. When in doubt, consult with our IT services team in Austin for guidance. We are here to help you make it through digital security crises so you can continue to serve your customers and maintain your reputation.

Ransomware-as-a-Service

RaaS is a criminal spin-off of Software-as-a-Service, or SaaS. These cloud-based software solutions are available to businesses and everyday individuals. Similar to SaaS, RaaS is also bought and sold through the cloud. Anyone who can pay the subscription fee can access RaaS. In certain situations, there is not a subscription fee. Plenty of RaaS developers rely on affiliate models in which the developer collects the ransom money extorted through affiliates, removes a percentage for commission and sends on the remaining balance. RaaS applications are used in online portals that are surprisingly easy to use. This is a growing problem that will prove quite troublesome in the years to come.

RaaS Risks and Prevention

The problem with RaaS is it opens the door for nearly everyone to become an online extortionist. This tech creates the opportunity to launch a ransomware attack without having to create code. Like most traditional ransomware attacks, RaaS attacks are conducted through phishing emails. Your business should apply email filters to block phishing messages. It will also help to implement and update anti-virus programs. Finally, offer cyber security educational sessions to help employees remain abreast of the latest digital threats.

At Contigo Technology, we can help protect your computers and minimize downtime. Reach out to our IT services experts in Austin to strengthen your business’s cyber security.