The Rise of Ransomware-as-a-Service (RaaS): How Cybercrime Became a Lucrative Business Model

Hackers working in a dark room with glowing digital code

Ransomware attacks have become one of the most devastating threats in the cybersecurity landscape, crippling businesses, government agencies, and healthcare institutions worldwide. However, a disturbing trend has emerged in recent years—the rise of Ransomware-as-a-Service (RaaS). This model has democratized cybercrime, allowing even individuals with little to no technical expertise to launch sophisticated ransomware campaigns. The RaaS ecosystem operates similarly to legitimate Software-as-a-Service (SaaS) platforms, offering subscription-based models, affiliate programs, and technical support. This shift has significantly lowered the barrier to entry for cybercriminals, fueling an exponential increase in ransomware attacks.…

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