Play Ransomware Transformation into Ransomware-as-a-Service (RaaS) Marks Shift in Cybercrime Landscape
ICARO Media Group
In a recent development, cybersecurity company Adlumin has uncovered evidence indicating that the notorious Play ransomware strain is now being offered as a service to other threat actors. The findings suggest that the attacks carried out using Play ransomware show an unusual lack of variation, implying that affiliates who purchased the ransomware-as-a-service (RaaS) are executing the attacks following step-by-step instructions provided with the malicious software.
According to Adlumin's report, multiple Play ransomware attacks across various sectors were tracked, and it was observed that they incorporated nearly identical tactics in the same sequence. This uniformity strongly supports the theory that Play ransomware is now being distributed as a service, enabling cybercriminals to carry out attacks with ease and consistency.
The origins of Play ransomware, also referred to as Balloonfly and PlayCrypt, date back to June 2022 when it first emerged. Exploiting vulnerabilities in the Microsoft Exchange Server, specifically ProxyNotShell and OWASSRF, Play ransomware gained access to networks and deployed remote administration tools like AnyDesk before initiating the deployment of the ransomware itself.
One aspect that set Play ransomware apart from other ransomware groups was that the same operators responsible for developing the malware also executed the attacks. However, the recent findings suggest a transformation in its modus operandi as it enters the realm of RaaS, where affiliates purchase the ransomware and carry out attacks themselves.
The shift towards RaaS offers a new level of convenience and profitability to cybercriminals. Adlumin noted that RaaS operators advertise ransomware kits that include comprehensive support, such as documentation, forums, technical assistance, and even ransom negotiation support. This opens doors for lesser-experienced hackers, or "script kiddies," to partake in lucrative cybercriminal activities.
Adlumin warns that with the availability of RaaS, the number of ransomware incidents is likely to rise, as script kiddies are enticed to test their skills and try their luck in the world of cybercrime. This calls for heightened vigilance and preparedness from businesses and authorities to combat the growing wave of ransomware attacks.
As the Play ransomware strain evolves into a RaaS operation, its ability to cause widespread havoc and financial damage becomes increasingly concerning. The cybersecurity community must remain proactive in developing preventative measures and collaborating to dismantle these nefarious operations that pose a substantial threat to global cybersecurity.