The Rise of Cybercrime – An Overview

Cybercrimes are more rampant in the year 2022. The rate of cybercrimes is increasing every year, and it is expected to reach its highest next year. It is said that cybercrime affects the security of more than 80% of businesses throughout the world today. It is mainly due to the limited capabilities of authorities in monitoring cyberattacks because this type of crime is performed using the virtual world.

According to the cybersecurity stats, more than half of cyberattacks are done through ransomware attacks. The statistics further stated that healthcare databases are the most targeted because of their importance to businesses. In addition, social media websites are also abused to spread malware and viruses or compromise sensitive information.

Ransomware as a Service: The Trending Business Model for Attacks

Ransomware as a Service (RaaS) is the new and trending business model for ransomware attacks. It’s a decentralized and mostly automated mode of distribution to support the fast-growing demands of ransomware operators.

Currently, the attackers behind ransomware campaigns are constantly looking for ways to maximize profit (and minimize the effort). The RaaS framework can be used by anyone, even without any coding skills, as it provides essential tools to implement encryption and communication with command-and-control servers quickly.