The Evolving Landscape of Cyber Threats: Ransomware-as-a-Service (RaaS)
In early 2025, the cybercrime world hit a new milestone. A recent industry report revealed that the average cost of a ransomware attack in 2024 surged to $5.13 million, with a 126% increase in ransomware attacks in the first quarter of 2025 alone. These numbers underscore a troubling evolution—not just in the frequency of attacks, but in the structure and accessibility of cybercrime itself. At the center of this transformation is Ransomware-as-a-Service (RaaS), a model that has revolutionized how ransomware is developed and deployed.
