What is ransomware-as-a-service? Ransomware-as-a-service (RaaS) is the process where ransomware developers offer their products on a subscription basis, much like legitimate software-as-a-service (SaaS) companies. These RaaS providers offer kits ranging from as little as $40 to several thousand dollars that enable ill-intentioned people without development skills to create their own ransomware variants. Think of it as low-code or no-code software, but for ransomware. Overall, ransomware raked in about $20 billion in 2020. Ransomware-as-a-service is big business, and it’s a competitive market. The companies offering it have full websites equipped with white papers, tutorials, and even active social media presences to promote it. As ransomware’s revenues continue to grow, the RaaS market will too.