The rise of ransomware-as-a-service

Ransomware is a lucrative, growing business for online criminals. Stu Sjouwerman from KnowBe4 explains why

ransom lights
Credit: Harold Hollingsworth

It’s not just your company that’s moving to cloud services - cybercriminals are doing this too. Recently, the industry has seen ransomware move to a service model, where criminals can purchase third-party versions of ransomware and put their own “label” on them.

In this episode of Security Sessions, I spoke with Stu Sjouwerman, CEO of KnowBe4, about the reasons why ransomware is being offered as a cloud service, and how CSOs and CISOs can prepare their staffs to fight ransomware.

Among the highlights of the video are the following sections:

1:00 Explaining the concept of ransomware-as-a-service

1:53 Why is this appealing to the cybercriminal community?

2:18 How are these ransomware attacks being perpetrated?

3:07 How can CSOs and CISOs train users to be aware of the red flags of ransomware?

3:29 Beyond training, what else can companies do to prevent ransomware attacks?

4:18 If a company does get attacked, should they pay the ransom?

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