The near and far future of ransomware business models
What would make ransomware actors change their criminal business models?
Escalations in ransomware might occur when actors manage to leverage complicated vulnerabilities in cloud service providers’ (CSPs) solutions, and when, for example, ransomware attacks get combined with stock manipulation.
Given the growth in the use of cryptocurrency because of emerging technologies like the metaverse and Web3, ransomware actors might follow the lead of nation state actor Lazarus, who not only has deployed ransomware in the past, but also earns more money by hacking cryptocurrency wallets and cryptocurrency exchanges.
Read this research paper to know when law enforcement authorities and the private cybersecurity industry work closely together, the problem of ransomware will be reduced and prevent cybercriminals from moving on to other areas of cybercrime.