Petra Laskov was a scientist and member of the Ten Rings, until her husband was murdered by the Red Skull for his incompetence regarding his failed replication of the Wasp and Ant Man suits. Petra then stole the Wasp designs from both the Ten Rings and HYDRA's assets in the Middle East and used them to create her own suit under the designation Red Wasp. Later on, she abandoned her role as a terrorist and joined SHIELD in order to be rehabilitated.
While wearing the Red Wasp suit: She can fly and can shrink her body to the size of an insect. She also uses a variation of the "Wasp Sting", with which she can paralyze any foe.