New ransomware-as-a-service caters to cybercriminals with commercial expansion

The Play ransomware is reportedly being rented out to cybercriminals as ransomware-as-a-service (RaaS), according to a study by security firm Adlumin. The research found striking similarities across multiple attacks across sectors, which suggests affiliates purchased the RaaS and followed step-by-step instructions. The business model could offer cybercriminals a steady revenue stream. Threat intelligence organisations have highlighted RaaS as a growing sector within cybercrime.