Ransomware is evolving, challenging old paradigms and reshaping power dynamics. Our talk, "RaaS is Dead, Long Live RaaS," explores the shift from a hierarchical Ransomware as a Service (RaaS) to a decentralized model where affiliates gain autonomy. RaaS platforms, adapting to this change, now offer better incentives and support to attract skilled affiliates. We'll discuss how law enforcement crackdowns and the rapid advancement of hacking techniques have catalyzed these changes. The presentation will also examine the ransomware industry's resilience and innovation, considering the implications for cybersecurity defenses. We aim to provide insights into the adaptability of digital extortion and its impact on future security strategies. Join us for a detailed look at the ransomware market's transformation and what it signifies for the fight against cybercrime.