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Ransomware as SaaS?


sman
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Oh.. How ingenious can cybercrime go to, in http://www.darkreading.com/endpoint/10-shocking-new-facts-about-ransomware/d/d-id/1324217?image_number=1 ..

 

 

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asaservice.jpeg Crooks Can Buy It In A SaaS Model

Not only is ransomware extortion lucrative, but it doesn't take much of an initial investment to get into, either. In fact, last year saw a new innovation within the cybercriminal black market as ransomware-as-a-service gave criminals the option to pick up the technology for free so long as they gave developers a cut of their earnings. Think of it as a modified freemium pay model, if you will.

 

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... even since the beginning with CryptoLocker.

 

 

Older than that.  Cryptovirology was first seen in the predictive encryption of GPcode circa 2005.  What made encryption easier to implement was the Microsoft Crypto API.  What brought FIPS-140-2  compliance also brought us cryptovirology using Public Key Enablement ( PKE ).  Now modern crypto trojans are using Public Key Infrastructure ( PKI ).

 

Cryptovirology was first postulated and described in an IEEE paper published circa 1996.

Cryptovirology: extortion-based security threats and countermeasures

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Thanks for the explanation David :)

 

This is why a lot of Ransomware asks to the ransom to be paid in BTC (Bitcoin) now, because even though you can identify the wallet, you cannot identify who owns it, nor who access it. Bitcoin transactions are anonymous, so really hard to trace back.

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