Ransomware-as-a-service (RaaS) has surged in recent years, becoming a dominant model for deploying ransomware attacks, though many targeted and customized attacks still persist. Active ransomware groups have increased over 50% in the first half of 2024 and they’ve turned ransomware attacks into a lean and streamlined operation, running similarly to a small business, with salaries, performance reviews, and even recruitment referrals utilized to optimize operations.
Unfortunately, these developments make things harder for organizations who were already struggling to defend against ransomware attacks. However, by knowing how these groups tick and understanding what their organizational makeup is, security leaders can more effectively build cyber resilient strategies that help against these kinds of attacks. In this piece we intend to offer a deeper look into the organizational makeup of RaaS groups and help you defend more effectively against them.
Ransomware criminal organizations are now working like streamlined software companies and service providers, with several key roles facilitating this efficient operation:
Beyond the core roles, the RaaS ecosystem includes a variety of other professionals who contribute to its success. These can range from negotiators, who step in post-compromise to maximize ransom payouts and escalate threats, to specialists in fields like data analytics, communications, or even public relations to manage the group's interactions (just take note of the Medusa ransomware’s online presence). This open ecosystem allows for a range of expertise to be applied in the service of the operation.
Typically ransomware profit sharing model.
Once a ransomware attack is successful, the majority of the payout typically goes to the affiliates, who are the key players in this ecosystem. The remaining profits are shared among other groups based on their contributions. In many cases, ransomware groups collaborate, but many threat actors work as freelancers, offering their specialized skills to multiple groups.
As these RaaS groups evolve, we’re seeing initial access brokers and developers becoming more important and having an increasing influence in how these groups function. Initial access brokers typically don't wait to be hired. Instead, they proactively obtain access to multiple companies and environments, building a portfolio of compromised systems that they can offer to potential buyers.
On the other hand, developers can also serve as the owner and head of small RaaS groups and hire other developers who can write peripheral tooling and infrastructure to support attacks. This includes endpoint detection and response (EDR) bypass solutions or backdoor access solutions or infrastructure that may not even look like it's facilitating black hat hacking. This allows developers to hire other engineers that may not even know they’re working for a criminal hacker group or have enough doubt to take the job.
As these groups become more sophisticated, they can continue to refine their recruitment practices. Currently, they’re largely done via forums, recommendations, and closed systems but this may result in unproven hires. With more time, they’ll be able to hire actors who have already done the job and have a resume to back their skills up.
While RaaS groups are becoming more efficient and streamlined, there’s room for improvement, meaning organizations need to be ready.
In the past, ransomware groups targeted specific industries based on known vulnerabilities and common risk exposure across an industry’s organizations. However, this pivot to RaaS has shifted how organizations are being targeted. Rather than aiming at key industries, these groups are starting with vulnerabilities and searching for organizations who are using systems or devices with known vulnerabilities and targeting those who are unlikely to have patched the vulnerable devices. The most common targets here are edge network devices such as application firewalls, VPN devices, routers, and more.
These groups are leveraging automated scanning tools, looking for device usage and triaging from there. This is a big shift as vulnerable organizations are discovered much sooner and groups already know the way they’ll gain access and compromise an organization. This is because these threat actors are moving much more quickly to exploit known vulnerabilities. In the past, once a vulnerability was discovered and the proof of concept was published, threat actors were able to professionally weaponize them in about a month’s time.
These days, it takes about 24 hrs.
Example of ransomware attack stages.
This means any organization that can be affected by the vulnerability is at risk. Ransomware groups know this, which is why they’re starting with vulnerabilities and indiscriminately targeting susceptible organizations.
Any risk mitigation or defensive strategies need to start with awareness. There’s a lot of noise in cybersecurity and trends are moving faster than ever, making it difficult to know what information you need to act on. If organizations still think of ransomware as simply an encryption attack or that email is the most common vector, then they’re blind to what’s actually happening with these new ransomwares as a service groups.
Understanding that these groups are much more sophisticated, leveraging known vulnerabilities, and engaging in extortion attacks will help you develop more effective strategies. In the long-term, you should invest in cyber threat intelligence to know how these threat actors are targeting organizations and how their methods are shifting.
Against these current RaaS groups, vulnerability management and patch management is necessary given that edge network devices and their vulnerabilities are becoming the main entry point for these attackers. If you’re taking a “patch everything all the time” approach, then you’re likely to leave yourself at risk for critical vulnerabilities due to the speed at which these attackers are moving. It’s important to have a process for critical vulnerability management and prioritize your patching.
This starts with establishing your feeds of communication to be aware of vulnerabilities as soon as they’re published. CVEdetails.com is a good resource to start with (make sure you’re looking at CVSS scores for criticality) and CISA’s list of known and exploited vulnerabilities should also be a continuous feed. The vulnerabilities found here are must-patch vulnerabilities that ensure you’re not swept up in a ransomware group’s automated scanning and initial access brokerr’s viewpoint.
With these preventative measures in place, you can now invest in threat hunting, which allows you to discover a potential threat after they’re in your system. Fortunately, there is some time between an initial compromise and a complete compromise that allows an affiliate to deploy ransomware in an organization’s environment. Leveraging solutions like XDR, EDR, and MDR tools are necessary here, but it’s important to ensure that you’re solving for comprehension and visibility with your vendor. Even small gaps in visibility or detection capabilities are enough for a hacker to move laterally and evade detection.
Ultimately, an effective security leader must ensure their strategy is optimized for the ever-evolving threat landscape. Preparing for this new wave of ransomware attacks requires a shift in mindset, moving beyond traditional notions of ransomware and leveraging advanced tools and processes to combat these rising risks.
To help you stay ahead, our continuously updated ransomware white paper is an invaluable resource, offering up-to-date technical information on the latest ransomware threats and trends. The white paper also includes a detailed mapping of the Bitdefender portfolio to various stages of ransomware attacks, helping you understand how to effectively prevent, detect, and mitigate these incidents.
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Josue Ledesma is a writer, filmmaker, and content marketer living in New York City. He covers cyber security, tech and finance, consumer privacy, and B2B digital marketing.
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