Ransomware-as-a-Service (RaaS): The Cybercrime Franchise Threatening Global Business

RaaS

RaaS is a subscription-based model where developers sell or lease ransomware tools to affiliates. These affiliates then launch attacks, often splitting the profits with the developers. This model has:

  • Democratized cybercrime, enabling even non-technical criminals to launch attacks
  • Increased attack frequency, with over 70% of ransomware incidents in 2025 linked to RaaS
  • Diversified targets, from SMEs to critical infrastructure

Key Statistics (2025)

  • 44% of all data breaches now involve ransomware, up from 32% in 2024 
  • The average ransom payment rose to $3.96 million, nearly doubling from 2023 
  • Over 70% of ransomware incidents involve data encryption 
  • Only 29% of victims paid the ransom in Q4 2024, the lowest rate on record 

Why Businesses Should Be Alarmed

  • Double extortion tactics: Attackers now steal data before encrypting it, threatening to leak it if ransoms aren’t paid.
  • Cloud vulnerabilities: RaaS groups are increasingly targeting cloud environments and SaaS platforms.
  • Brand damage: Beyond financial loss, reputational harm can be long-lasting.

How to Defend Against RaaS

  1. Implement Zero Trust Architecture: Assume breach and verify every access request.
  2. Backup rigorously: Maintain encrypted, offline backups.
  3. Educate employees: Phishing remains the top entry point for ransomware.

The Role of Cybersecurity Partners

At 3Cs Aquarah Limited, we help businesses:
– Assess vulnerabilities through penetration testing
– Deploy cloud-native security solutions
– Build resilience plans for ransomware scenarios

RaaS is not just a technical threat; it’s a business risk. As cybercrime becomes more organised, businesses must become more proactive.

Ransomware has evolved, moving from the exclusive domain of elite hackers to a thriving underground industry. RaaS is a subscription-based model where developers sell or lease ransomware tools to affiliates. These affiliates then launch attacks, often splitting the profits with the developers.

Read More

Meeting in a boardroom

Starting the Year on the Right Track with Cybersecurity

Dear IT Guardian, A new year offers a natural moment to pause, reflect, and reset. For many organisations and individuals, that reset includes clearer goals, renewed focus,...
Beyond Borders

Beyond Borders, Growing People, Growing Impact

From December 12th to 14th, Lagos became more than a destination for us at 3Cs Aquarah, it became a space for reflection, renewal, and re-commitment. Our first-ever...

Schedule a Consultation

Please fill out the form and we will be in touch as soon as possible.