Earlier today, at the Black Hat USA security conference in Las Vegas, U.K.-based security vendor Sophos Ltd. published a new white paper about an insidiously slick and effective “ransomware-as-a-service” (RaaS) kit named Philadelphia. Here’s an inside look at that underworld product offering and preview of the threat landscape ahead based on a recent conversation with Dan Schiappa, senior vice president and general manager of the end user and network security group at Sophos.
It doesn’t help matters any that ransomware is not just increasingly easy but lucrative as well. The most proficient attackers make as much as $394,000 a month, according to Schiappa, who adds that while run-of-the-mill practitioners make far less, most will have no trouble earning their $389 back.
“It doesn’t take a whole lot of success to get a return on your investment,” Schiappa observes. “I would suspect that the percentage of ransomware that comes from RaaS type of services is going to grow quite a bit.”
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