Security News > 2021 > June > Ransomware-as-a-service business model takes a hit in the aftermath of the Colonial Pipeline attack
The response to the Colonial Pipeline ransomware attack may be the first step in doing just that.
Bryan Oliver, a senior analyst at Flashpoint said that the response from governments in the wake of the Colonial Pipeline attack has made it harder for ransomware groups to recruit partners.
Oliver said this change will not end ransomware attacks any time soon, but it is a significant step because it makes the ransomware-as-a-service model less profitable.
SEE: The many ways a ransomware attack can hurt your organization.
Thomas Olofsson, CTO of FYEO, said the ransomware organizations seem to be self-governing a bit more, also as a result of the response to the Colonial Pipeline attack.
Olofsson also said that ransomware groups are now vetting targets before starting an attack in response to what happened to the DarkSide ransomware group after the Colonial Pipeline attack.
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