Cyber extortion is a cybercrime in which attackers retrieve your personal or financial data and threaten to cause you damages if you fail to meet their ransom demand. There has been a spike in cyber extortion in recent years as more organizations and individuals now store sensitive data online.
Major Cyberattacks. While ransomware remained a massive threat to organizations, particularly smaller and less-protected businesses, the focus on data theft and extortion-only campaigns by some
What is cyber-extortion? So what is cyber-extortion? Cyber-extortion can come in many different forms, but at its simplest, it is when someone online threatens some sort of harm unless you meet their demands. The demand is usually for money (commonly in the form of bitcoins ), but an extortionist could conceivably demand just about anything.
Put simply, cyber extortion is an umbrella term for a variety of cyber crimes. It can be used whenever criminal hackers force victims to do something after compromising their systems. Ransomware is a type of cyber extortion, but there are in fact many techniques that crooks can use. Why is cyber extortion so popular?
The incident highlights the serious real-world impact that cyber-extortion attacks can have. 9. 23andMe Suffers Major Data Breach. A DNA testing firm 23andMe confirmed its customers had their profile information accessed by threat actors following a credential stuffing campaign in October 2023. The threat actor claimed to have 20 million
FortiGuard Labs Threat Intelligence. Cyber Extortion: 12 Ways to Protect Your Business. Cyber Extortion Definition. Cyber extortion occurs when a hacker illegally accesses your organization's sensitive data or systems and then demands money in return for allowing you to either regain control or stop the attack.
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what is cyber extortion