Last known affiliation: Zscaler Inc.
Bio: Niraj Shivtarkar works in Zscaler ThreatLabZ as a Security Researcher I. Niraj has worked in the Malware Research and Offensive Security field from past three years. He previously worked at Ernst and Young as a Security Consultant. His research areas include analyzing and tracking various malware campaigns and reversing malwares. Niraj holds Bachelor’s degree in Electronics and Telecommunications from Mumbai University.
Nirmal Singh 🗣 | Avinash Kumar 🗣 | Niraj Shivtarkar
Abstract (click to view)
In the last few years we have seen a substantial growth in the Malware-as-a-Service (MaaS) market, this revenue model generates a high income revenue stream for the malware developers and also makes it easier for the malicious actors with less technical capabilities to carry out sophisticated attacks and earn multi-million-dollars by targeting large-scale enterprises and government entities. During the last few years, we have observed a MaaS Group selling a sophisticated modular Remote Access Trojan with various features and pricing plans. The most distinctive feature of this RAT is – Ransomware Module – which encrypts the files and demands for a ransom payment in order to decrypt them. The presence of those features in the RAT leads us to believe that the Threat Actors, involved, are attempting to improve their financial gain by using Ransomware.