Cybercrime as a Service (CaaS) is an emerging concern for the European Police. Although it has not been affected by it yet, it has the potential to disrupt critical IT for European government agencies and law enforcement. CaaS can give militants and activist access to hackers that would provide cyber attacks in exchange for bit coins on the darknet. These attacks can range from malware, ransomware, to DDoS attacks. Bad actors no longer have to rely on their own technical prowess and purchases these services.
Based on the DNS threat index, from CIO Insight, CaaS has grown 7% from Q4 of 2015 to Q1 of 2016. The rise is eminent and the risks to organizations are higher.
More Details Below:
Cybercrime as a Service on the Darknet Has Europol Concerned
https://securityintelligence.com/cybercrime-as-a-service-poses-a-growing-challenge/
This is a very concerning trend. The number of inherent threats and vulnerabilities that exist today alone is concerning, however usually the individuals with the skills to exploit vulnerabilities is limited. These individuals usually have specific motives (e.g. hacktivism, nation state, etc.),
Cybercrime as a Service gives attackers one motive – generating revenue. It opens the door for individuals without any hacking skills to target an individual, company, or government for their own motives. I can see this resulting in more organized crime as a result of cyber attacks.