Ransomware as a Service (RaaS)

Ransomware as a Service (RaaS) is a term used to describe a software-based program created by cybercriminals and offered for sale to individuals who lack advanced knowledge but wish to conduct ransomware attacks. These perpetrators advertise their “service” on online marketplaces found on the dark web and typically demand payment in cryptocurrency for their illicit products and services. RaaS empowers aspiring cybercriminals to initiate ransomware attacks without the need for extensive technical expertise.