A ransomware-as-a-service, known as LockBit is turning to crowdsourcing to help build their malware. They are holding a hacking competition. A LockBit Ransomware Admin has introduced the competition stating if you can write and submit an article related to the given capitulates they are looking for, you can earn $15,000.

A ransomware-as-a-service works like this: cybercriminals create malicious ransomware code and either sell or rent the software to other cybercriminals who know how to execute a successful cyberattack. After a successful attack, the ransom is split between the code developer, service provider and attacker. Recently, LockBit has not only been encrypting your data, but also demanding a ransom.

Malware-as-a-service is different than modern malware. Malware-as-a-service allows individuals who don’t have the technical skill to create and deploy malware. Therefore, more individuals are able to launch cyberattacks. On the other hand, modern malware is designed, built and sold just as any other piece of software would. Both of these ways are opening the door for bigger issues. In all, there are more opportunities for organizations to be compromised.

Cyber threat hunting is the act of proactively hunting for malicious activity in an environment. Cyber threat hunters analyze the environment for unusual activity. Hunting is not only done by utilizing a tool, but also with human intelligence. Human intelligence is key to hunting for cybersecurity threats effectively. Security professionals isolate and neutralize potential threats before they become detrimental to an environment. With continuous investigations for threats hiding in cluttered environments, professional security threat hunters can collect data and trends to eliminate vulnerabilities and make future predictions of potential threats. Hunters gather information about adversaries’ behavior types, goals, and methods of pursuing such a threat or threats in a cybersecurity environment.

Our engineers hunt and identify zero-day malware such as kernel level rootkits and other advanced persistent threats running in the environment, along with adware and other potentially unwanted programs. The analysis and monitoring efforts enable our security operations center to respond to advanced malware threats immediately that may otherwise go undetected.

For more information on how to protect your environment, visit speartip.com or email [email protected] to speak with a cybersecurity professional.

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