The Rise of AI-Enhanced Ransomware-as-a-Service (RaaS): A New Threat Frontier

Oladoyin Akinsuli *

AI and Cybersecurity Strategist.
 
Research Article
World Journal of Advanced Engineering Technology and Sciences, 2021, 01(02), 85–97.
Article DOI: 10.30574/wjaets.2021.1.2.0019
Publication history: 
Received on 11 January 2021; revised on 23 February 2021; accepted on 25 February 2021
 
Abstract: 
Ransomware has evolved from improvised code to RaaS, dramatically changing the nature of internet attacks and becoming the weapon of choice for non-tech-savvy actors. RaaS, especially with integration with artificial Intelligence, has elevated this threat further in facets like auto-targeting, bypassing security, adapting, and learning. Picking up from the prior subsection, this research analyzes the specific phenomenon of AI-aided RaaS, considering how various AI solutions have strengthened the ransomware business model. Drawing on the assessment of present patterns and approaches to utilizing AI in threat and risk analysis, the paper defines the tenets of using artificial Intelligence in risk as a service (RaaS). It considers its implications for international information security and likely countermeasures. The study emphasizes a growing need for better innovation and global collaboration in defense strategies to address the heightening threat of AI-enhanced Ransomware. This paper adds to the extant literature on cyber threats and highlights the urgent need to defend against cyber threats by business entities and organizations.
 
Keywords: 
RaaS; Data breaches; Cybersecurity threats; Cybercrime regulation; Ransomware attacks; Threat detection
 
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