Cyber extortion is a broad term that refers to situations where a malicious actor or malicious group coerces an organization or individual into paying money or providing sensitive business/public safety information. Cyber extortion can take many forms, including online spying, harassment or other threats to public safety systems. In the simplest terms, Cyber Extortion is most commonly deployed via email phishing attacks, where a victim clicks on a link or attachment containing malicious software known as ransomware. Hackers use ransomware to take a victim's data hostage, demanding payment in exchange for returning access to it. Cyber extortion is a broad category of internet and computer-related crime. As the name suggests, the cyberattacks included under this umbrella term involve criminals forcing people and businesses to hand over money or sensitive data, often with threats and coercion.
Cyber extortion is when bad guys force others to do what they want online. They use things like Ransomware and DDoS attacks a lot. These bad guys use sneaky tricks to get secret
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
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 Cyber extortion is a malicious activity that can have devastating consequences and must be recognized in order to protect against it. Adopting comprehensive security measures, employee training, backup & recovery strategies and cyber insurance are essential for protecting yourself from cyber extortion risks. 5JXIxgX.
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    • what is cyber extortion