What Does Ransomware as a Service (RaaS) Mean?
Ransomware as a service (RaaS) is a software delivery model for malicious software that will encrypt data on the victim's computing devices. This delivery model allows non-technical attackers to conduct ransomware exploits.
The software developers who create RaaS applications typically receive a share of the proceeds from the cybercriminals who deploy it.
Techopedia Explains Ransomware as a Service (RaaS)
In a ransomware as a service situation, an unprincipled software developer offers malicious actors a platform tool to hold computer files, information or systems hostage. Ransomware is a type of software that infects a computer to encrypt or lock down files or systems. Typically, the person using the ransomware then requests a financial ransom in order to return data access to the victim.
The unfortunate emergence of ransomware as a service means that hackers and black hat operatives are using the software as a services model to enable criminal enterprise. In other words, they can “order up” the ability to pirate a system and hold someone else’s data hostage. As with traditional ransoms, ransomware as a service users often take deliberate steps to make their behaviors hard to track, including requesting digital payments that may be difficult to trace.