Cyber Legality

Prep Up for Cybercrime-as-a-Service Growth

Who would have thought that cybercriminals would have substantial financial backing in only a matter of years? Today, the cybercrime-as-a-service market (CCaaS) is growing exponentially. Since hacking is also becoming a paid service, there will be a cluster of best-of-class threat actors trying to infiltrate your company networks. Though you cannot evade all of their attacks, detecting the attack model can still help you reduce the damage. In this article at Help Net Security, Oliver Rochford shares the trends of the growing cybercrime-as-a-service market.

News from the Cybercrime-as-a-Service Market

Setup Flexibility

Cybercrooks do not have to purchase or own a system to hack your company network. In fact, they can make ad-hoc setups using the devices in hand and customize attacks per the needs of their clients. Since they can have access to various systems and devices, the attack intensity would be far more damaging than what organizations have encountered up to now.

Changing the Attack Model

After the attack, the Colonial Pipeline hackers went underground only to emerge with a new name—Black Matter. They decided they would no longer target critical infrastructure because they did not want to be ‘declared enemies of all mankind, or Hostis Humanis Generis’, says Rochford. Other threat actors are following the same trend to maintain a cordial relationship with their benefactors.

A Boon for Defense

Since the cybercrime-as-a-service market is growing, more hackers are going to use the same standards and devices. This could help lawmakers detect the real criminal without much issue. If one threat actor makes a mistake, the entire chain of the hacker community could be exposed.

The Possible Solution

Your teams must be vigilant and conform to a zero-trust security model across the enterprise. Keep your tools and processes updated to address as many attacks as possible. Keeping a tab on the cybercrime-as-a-service market should help you be more proactive.

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