GARAGE
·
SUBSCRIBERS

Heard of software as a service? Now there's a hacker equivalent

The 'ransomware as a service' model, involving clients and partners, resemble legitimate business operations

Claudia Chong
Published Mon, Sep 6, 2021 · 09:50 PM

    Singapore

    LAST month, Singapore-based payments startup Pine Labs was exposed as a victim of ransomware after hackers made away with confidential documents involving some prominent Indian banks.

    A gang called BlackMatter took responsibility for the attack. While its tactics were nothing unusual, the way it presented itself was.

    Copyright SPH Media. All rights reserved.