Smart hackers pay other hackers to do their dirty work. That’s exactly what happened when the Colonial Pipeline ransomware attack made headlines across the world — an attack that compromised critical pipeline operations, cutting almost half of the entire fuel supply consumed on the East Coast of the US.

Who was responsible? No, it wasn’t a mysterious group of mastermind hackers. Instead, affiliates of DarkSide, a Ransomware-as-a-Service (RaaS) network, were ultimately responsible for perpetrating the
attack.

The growth of the RaaS model illustrates a shocking trend: the availability of cheap and ready-to-use attack tools has vastly lowered the barrier to entry for cyber criminals to launch devastating attacks.

With more threat actors in play, companies are becoming more frequent targets of cyber attacks.

Thus, it’s critical for your organization to have a solid anti-ransomware strategy in place. But first, let’s delve into how the RaaS model works, which is largely responsible for the recent rise in ransomware attacks.

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