Fraud as a Service (FaaS)

Fraud as a Service (FaaS) is a model where cybercriminals offer their expertise and tools as services for a fee, primarily through underground markets on the dark web. This model mirrors legitimate business practices in its organization and customer service approach but is dedicated to conducting various illegal activities. FaaS providers continuously refine and develop their offerings to keep pace with advancements in cybersecurity, making their services more effective and harder to detect.

The range of services offered under FaaS can include, but is not limited to:

FaaS allows individuals who may not have extensive technical knowledge to participate in cybercriminal activities by purchasing services and tools. This accessibility increases the potential number of attackers and complicates the efforts of law enforcement and cybersecurity professionals to defend against these threats. As a result, FaaS has become a significant concern for global cybersecurity, prompting increased cooperation between industries and governments to combat these sophisticated criminal networks.