Ransomware-as-a-Service Will Continue to Grow in 2024

The report analyzes the growing prevalence and sophistication of Ransomware-as-a-Service (RaaS), reviewing major 2023 incidents (e.g., LockBit, Cl0P and the MOVEit zero-day) that demonstrate widespread data exfiltration, rising ransom amounts, and broad operational impact; it concludes RaaS will likely increase in 2024 and provides pragmatic mitigations including backups, identity and vulnerability management, security awareness training, and continuous monitoring.