Everything You Need to Know About Ransomware-as-a-Service

March 2021

While ransomware is far from a new threat, the reality is that hackers are now using it in more innovative ways. These novel tactics can be devastating to the individuals and businesses that are affected. 

One of the most recent ransomware tactics is known as ransomware-as-a-service (RaaS), and this cyber-attack has made it easier than ever for hackers to infiltrate unsuspecting IT networks. By having a better understanding of what RaaS entails and how it works, you can better protect yourself from falling victim.

What Is Ransomware-as-a-Service?

Ransomware-as-a-service works when cybercriminals create a ransomware “kit” and sell it on the dark web. Hackers can then buy the kit and have everything they need to carry out ransomware attacks on others. This typically includes the ransomware coding itself, as well as the decryption key.

The payment structure for an RaaS kit can vary. Some organizations, for example, charge users a monthly subscription fee. Meanwhile, others may instead take a commission (sometimes up to 70 percent) of ransomware payouts.

This relatively new use of ransomware has made it easier for “beginners” to get involved in the ransomware game without the need for coding or decryption experience. This has essentially eliminated the existing barrier for entry in ransomware and drastically increased the number of attacks on the web.

Protecting Yourself from Ransomware

With more ransomware hackers out there, it’s crucial that businesses and individuals take protective measures against these types of attacks. There are a variety of best practices you can follow to keep your information safer, beginning with backing up your important files regularly. Ideally, data should be backed up and stored remotely so that you’ll still have access to it, even if you’re hacked.

Furthermore, you should make sure you’re limiting vulnerabilities on your system by installing security updates and patches as soon as they become available. It’s also not a bad idea to get into the habit of checking for updates manually a few times per week, rather than waiting to be alerted. If you run a business or organization, you should also ensure that your employees are properly trained on how to identify and avoid phishing schemes and potential ransomware attempts.

Ready to Upgrade Your Hosting Plan?

One of the best things you can do to protect yourself and your data from ransomware is to begin with the right hosting platform. If you’re not already hosting your site on a dedicated server, now is a great time to make the switch. Compared to a shared or VPN hosting plan, a dedicated server host will provide you with the unrivaled security and customization that you need to stay safe against ransomware, DDoS attacks, and other digital threats. Plus, with remote backup options available through ReliableSite, you’ll have all of the services you need to keep your most sensitive files and information safe – even in the event of an attack.

Ransomware-as-a-service is a genuine threat to individuals and companies of all sizes. Are you ready to beef up security by making the switch to dedicated server hosting? ReliableSite is here to help. Contact us today to find out more about our dedicated hosting plans and get yours set up!