Targeted ransomware attacks against companies and government agencies are likely to surge in the coming months as ransomware-as-a-service continues to evolve into a lucrative model for cybercriminals, security experts warned at the 2020 RSA conference.
The spike in demand for ransomware-as-a-service tools in underground forums, coupled with the anonymity offered by the dark web, is likely to lead to a surge in these types of cyberthreats over the coming years, the experts say. Cybercriminals also are continuing to scour underground sites for new tools to conduct ransomware attacks.
“A lot of actors are feeling safe in the underground and have good means to make a profit by building trust – and you see that it has become almost … a regular business,” John Fokker, McAfee’s head of investigations said at the conference.