Ransomware’s Critical Impact on Cybersecurity

Ransomware attacks have evolved, especially in the ongoing Russian invasion of Ukraine, as threat actors continue to find ways to expand the reach and profitability of their operations. The ransomware-as-a-service (RaaS) model has been utilized as a cyber weapon and has become popular because the use of affiliates allows ransomware operators to target more victims effortlessly.

It also creates an opportunity for threat actors with limited technical skills to exploit the ransomware economy. Reputational attacks increase the likelihood of financial gain by combining the threat of data breaches and file encryption on extortion victims.