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The Rise and Fall of Encryptor RaaS

released on 2016-09-30 @ 06:58:20 PM
Back in July 2015, a new ransomware as a service named “Encryptor RaaS” (detected by Trend Micro as RANSOM_CRYPRAAS.SM) entered the threat scene, rivaling or at least expecting to succeed the likes of similar get-rich-quick schemes from Tox and ORX Locker. The newcomer appeared to be a dark horse: it was multiplatform, had an appealing price, and empowered budding malefactors an easier entry point to cybercrime. It posed a considerable threat to users and businesses, as Encryptor RaaS attacks can vary based on the customizations applied by the affiliate. Encryptor RaaS’s purveyor created a full web panel for his patrons, accessible only via the Tor network, that enabled them to manage victims’ systems. Bitcoin was the preferred transaction currency. Compared to other ransomware such as Cerber, whose developers earn 40% in commissions, Encryptor RaaS has a more attractive proposition. Affiliates only had to dole out at least 5% of their revenue to continue distributing the ransomware.