According to tech giant IBM (IBM), Ransomware-as-a-Service (RaaS) is changing the way that cybercriminals operate by turning ransomware into a subscription-based product that anyone can use, even with minimal technical skills. In the past, ransomware attacks were carried out only by skilled hackers who built their own malware and handled every part of the attack themselves. However, RaaS removes those barriers by allowing professional developers to create advanced ransomware tools and lease them to “affiliates,” who launch the attacks and share the profits. As a result, large-scale cyberattacks are easier and more accessible than ever before.
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Interestingly, the RaaS setup works much like legitimate software-as-a-service businesses. Developers design powerful ransomware with features like strong encryption, stealth capabilities, and even add-ons that help it spread faster. These tools are then made available on dark web marketplaces with user dashboards, payment systems, and support forums to help affiliates carry out attacks. Once victims are infected, ransom payments are negotiated through secure portals, sometimes with automated chatbots handling the process.
Because these operations are highly organized and easy to scale, cybersecurity experts say that defending against them requires a layered approach. This includes training employees to spot phishing attempts, using behavioral detection tools like EDR or XDR, regularly patching software, adopting zero-trust network designs, and keeping offline backups. In addition, threat intelligence tools, such as MITRE ATT&CK, can help track evolving attack methods. As RaaS continues to grow, combining strong technology with user awareness is important for reducing its impact.
Is IBM a Buy, Sell, or Hold?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on IBM stock based on seven Buys, four Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average IBM price target of $297.33 per share implies 18.8% upside potential.
