Cyber extortion is extortion that is perpetuated online by forcing an individual or a company to pay a ransom in exchange for recovering access to stolen computer resources; In 2021, there were 39,360 cases of online extortion ;
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.
Cyber extortion is an online crime in which hackers hold your data, website, computer systems, or other sensitive information hostage until you meet their demands for payment. It often takes the form of ransomware and distributed denial-of-service (DDoS) attacks, both of which could paralyze your business. How does cyber extortion work?
Cyber extortion is an umbrella term for a wide array of cybercrimes. Cyber extortion occurs when cybercriminals threaten to disable the operations of a target business or compromise its confidential data unless they receive a payment. The two most common types of cyber extortion are ransomware and DDoS (Distributed Denial of Service) attacks.
Cyber extortion is a broader term that refers to the different techniques cybercriminals use to force victims to comply with their demands. It entails threatening or blackmailing individuals, businesses or organizations to obtain money or other valuable assets.
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what is cyber extortion
