July 28, 2016 By Larry Loeb 2 min read

BleepingComputer reported that the developers of the Petya and Mischa ransomware packages have embraced a new business model: ransomware-as-a-service (RaaS).

Supposedly, this has been in a limited beta release for the last few months with “a limited amount of supposed high-volume distributors.” However, any cybercriminal can now apply to become an affiliate of the RaaS program.

For Cybercriminals, By Cybercriminals

In an advertisement reproduced by BleepingComputer, the developers boast of the ransomware’s high infection rate. The ad reads, “As professional cybercriminals, we know you can’t trust anyone. So we developed a payment system based on multisig addresses, where no one (including us) can rip you off.”

Further, the developers tout their easy methods of viewing the latest infections, setting the ransom price and recrypting the binary. This can all be done with a “clean and simple web interface.”

The payment scheme is based on bitcoin. If the weekly volume is less than 5 BTC, then a 25 percent cut goes to the associate. If the volume is less than 25 BTC per week, the cut grows to 50 percent. If it goes over 125 BTC per week, the associate’s cut balloons to 85 percent.

FUD and Crypting Included

In addition to the new combined Petya/Mischa offering, it is significant to note the FUD and evasion offering that the authors make explicit on the welcome page. Free crypting and FUD services are included for those enrolled.

This means that the ransomware authors are providing assurance that client binaries will go undetected. True cybercriminal customer support is part of this deal.

All “high-volume distributors” receive a unique stub. This step assures evasion because a malware-checking program will not know this stub and may miss it during scans.

RaaS Poses a Real Threat

“Petya is considered by malware experts to be above average in terms of sophistication, which makes it surprising to see it spring up so quickly as a pseudo-public ransomware-as-a-service (RaaS) offering,” Cylance noted. “From a code and execution perspective, it is far beyond previous offerings, including the likes of Tox, Ransom32 and especially the Goliath offering from ‘Hall of Ransom.'”

It is unusual to see this level of ransomware promoted and pumped like this. Malware authors usually syndicate only when the ransomware is at the end of its utility, trying to wring every last drop of profit.

But Petya is still a real threat, and this level of distribution can only mean increased attacks.

More from

2024 roundup: Top data breach stories and industry trends

3 min read - With 2025 on the horizon, it’s important to reflect on the developments and various setbacks that happened in cybersecurity this past year. While there have been many improvements in security technologies and growing awareness of emerging cybersecurity threats, 2024 was also a hard reminder that the ongoing fight against cyber criminals is far from over.We've summarized this past year's top five data breach stories and industry trends, with key takeaways from each that organizations should note going into the following…

Black Friday chaos: The return of Gozi malware

4 min read - On November 29th, 2024, Black Friday, shoppers flooded online stores to grab the best deals of the year. But while consumers were busy filling their carts, cyber criminals were also seizing the opportunity to exploit the shopping frenzy. Our system detected a significant surge in Gozi malware activity, targeting financial institutions across North America. The Black Friday connection Black Friday creates an ideal environment for cyber criminals to thrive. The combination of skyrocketing transaction volumes, a surge in online activity…

Cloud Threat Landscape Report: AI-generated attacks low for the cloud

2 min read - For the last couple of years, a lot of attention has been placed on the evolutionary state of artificial intelligence (AI) technology and its impact on cybersecurity. In many industries, the risks associated with AI-generated attacks are still present and concerning, especially with the global average of data breach costs increasing by 10% from last year.However, according to the most recent Cloud Threat Landscape Report released by IBM’s X-Force team, the near-term threat of an AI-generated attack targeting cloud computing…

Topic updates

Get email updates and stay ahead of the latest threats to the security landscape, thought leadership and research.
Subscribe today