The Ransomware-as-a-Service (RaaS) market is a fast-moving one. Prominent RaaS or affiliate groups can form, wreak havoc, and disband all within a short period of time. In Hi-Tech Crime Trends 2022/2023, Group-IB Threat Intelligence’s review of the top cyber threats, our researchers predicted that the RaaS industry will continue to grow rapidly and that numerous new gangs would likely appear on the block. In this blog, we’ll detail what we believe to be a new RaaS group that appears to operate differently from the rest: Enter ShadowSyndicate.

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