FONIX- The new Ransomware as a Service threatening the cybersecurity environment

Ransomware as a Service

Analyzed by the researchers at Sentinel Labs, FONIX has emerged as a new Ransomware as a Service (RaaS), which is available in the threat landscape. The mastermind behind its development earlier specialized in the developers of binary crypters/packers.

Read More: Identity-Based Cyber Attacks Continue to Rise

They also promoted many products and services on various cybercrime forums. The Ransomware first appeared in July 2020. To date, the attacks associated with it are at a very minute scale. Ransomware’s authors do not need a payment fee to be an affiliate of the service. Instead, they keep a small percentage of ransoms from the affiliate network.

Source: securityaffairs