REvil Ransomware

A computer network is a valuable resource in today’s digital world, and it supports businesses in carrying out their operations within an increasingly intricate environment. These networks face significant danger from cyber criminals who execute ransomware attacks among other cyberattacks. In such attacks, vital business data gets encrypted and can, therefore, not be accessed without a decryption key. Ransomware was the most rampant malware threat at the time when 60% of managed service providers were attacked in the first half of 2020. Many victims had no option other than paying the demanded ransom hoping that this would make hackers decrypt their files again. We see once again how crucial it is to have strong protection against cyber threats, as organizations increasingly rely on information technology systems. They cannot afford to lose everything due to a virus or a hacker attack. It is worth mentioning, however, that ransomware has evolved with time into a model known as ‘Ransomware-as-a-Service’ model (RaaS). Under this new scheme, the developer behind any type of ransomware can license it out to different cybercriminals who will then pay for the right to use these programs with one purpose – launching their ransomware easily and quickly whenever they decide to. This explains the reason such incidents keep growing exponentially each year since, now everyone can try being a criminal thanks to ready-made software kits available on criminal marketplaces worldwide, such as the dark web, etc.