Software as a Service (SaaS)…
Platform as a Service (PaaS)…
Infrastructure as a Service (IaaS)…
and now even…
Anything as a Service (XaaS)!
Then why not Cybercrime as a Service (CCaaS)?!
Cybercrime as a Service (CCaaS) is already a big problem for organizations and governments worldwide. Here’s what you should know about CCaaS, whether you’re an individual, business owner, company manager, or cybersecurity professional.
What is Cybercrime as a Service?
CCaaS describes an organized business model where cybercriminals, malware developers, and other threat actors sell their cybercrime services to potential customers.
Virtually anyone can now launch a cyberattack or participate in some kind of cybercrime because CCaaS makes it easy for them to access the services, expertise or tools of an expert cybercriminal. The “customer” does not need to have any technical knowledge or coding skills, because their CCaaS vendor does all the groundwork that’s required to quickly launch a successful cyberattack with very little effort. Due to its shady and illegal nature, CaaS only operates on the dark web.
How CCaaS Works
Ironically, CCaaS vendors are organized like legitimate businesses. They have developers and engineers to manage the technical aspects of their offerings. Many also hire tech support representatives to resolve customer queries.
Almost all CCaaS vendors also have money mules to launder illegally acquired payments. Some also offer bulletproof hosting services, meaning they will look the other way if their services or hardware are used to launch a cyberattack.
Why Everyone Should Worry about the Growth of CCaaS
CCaaS makes it possible to both commercialize and scale cybercrime. A cybercriminal who can easily buy a CaaS subscription can also easily perpetrate any kind of attack on their chosen victim. Thus, with the help of CCaaS, a threat actor could:
Launch a malware attack
Engage in cyber extortion
Launch distributed denial-of-service (DDoS) attacks
Send phishing emails
Install keyloggers on victims’ devices
Steal money from digital currency wallets, bank ATMs, etc.
Further, the CCaaS landscape is constantly growing, with a whole host of businesses operating under its umbrella, including:
Ransomware as a Service (RaaS)
RaaS is a subscription-based model that allows a wannabe ransomware attacker to purchase ready-to-use ransomware toolkits to attack their victims quickly, easily, and without any technical or coding skills
Shadow broker services
They provide a monthly data dump so customers can access exploits, hacking tools and zero days.
Exploit kit makers
They’re often sold in underground forums, and enable cybercriminals to launch malware campaigns, install malvertisements, and launch watering-hole attacks and targeted attacks.
Botnets for rent
Cybercriminals use botnet rental services to access a network of infected computers and leverage it to distribute spam or launch DDoS attacks.
Vendors create customized modular malware that can selectively launch different payloads, and is more evasive and dangerous than typical document- or web-based malware.
Phishing as a Service
This CaaS offering allows attackers to easily deploy phishing campaigns to sensitive data like credentials – cheaply, and at scale.
From a few lone hackers to hundreds of professionally-run businesses, the CCaaS market has matured rapidly in just a few years. It will continue to do so in future, making it even easier for cybercriminals to attack even more victims.
As the CCaaS economy matures and the supply chain becomes more professional, cybercrime will become even more consumerized. Luckily, there’s some good news. Many cyber criminals use the same CCaaS tools. Threat researchers are already studying these tools and looking for ways to detect and mitigate attacks launched with them.
But organizations should not rely on threat researchers – or law enforcement – to protect themselves. Rather, they should proactively assess their own cybersecurity to understand the cybercriminal mindset and act to strengthen their IT infrastructure. Penetration testing is one powerful way to do this.
Packetlabs provides cutting-edge pen testing services to help organizations mitigate the risks of Cybercrime as a Service. Contact us to know how we can add value to your cybersecurity ecosystem with pen testing.