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Crimeware-as-a-service: A new threat to crypto users

Crimeware-as-a-service: A new threat to crypto users

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Source: Coin Telegraph

Crimeware-as-a-service fuels cybercrime in crypto. Explore its impact, tactics used and key steps to safeguard your wallets and transactions.

Crimeware-as-a-service (CaaS) involves experienced criminals selling their tools and services to less experienced offenders for a price. This model resembles software-as-a-service (SaaS), where the provider gives access to the software to the subscriber. In the case of crimeware-as-a-service, the SaaS model has reshaped itself in the context of cybercrime.

In the early days of cybercrime, cybercriminals mostly worked alone or in small groups, playing with technology and trying to sneak into people’s bank accounts or emails for personal gains and fun. Criminals generally used email to send viruses and commit scams. 

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Author: Dilip Kumar Patairya