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.”
More Galleries like This
The managed services software maker plans to build Internet of Things functionality and data-driven automation into its solutions, and to create a new offering for break-fix providers.
What the future holds for Avnet resellers, new online pricing and ordering programs, and new security partnerships were among the topics Tech Data executives discussed with ChannelPro last week.
Ransomware is one of the biggest cyber threats affecting businesses today. How can you stay protected? Here are some tips.
A new report from the security vendor reveals ransomware to be the biggest but far from only significant threat plaguing businesses presently.