Extortion schemes can be simple or extraordinarily complex, depending on the imagination of the perpetrator involved. Here are some of the online extortion scams to look out for. Ransomware. Ransomware is a type of malware that involves an attacker encrypting your files with the promise of decrypting them only in return for a fee.
In fact, a Dutch security researcher looked at the Bitcoin addresses in several dozen of these extortion emails and discovered that the extortionists had garnered in excess of $50,000 in just over a week. Is online extortion a crime? Yes, extortion is a felony in all states and becomes a federal crime if it involves any type of interstate commerce.
In this type of attack, threat actors steal victim data and threaten to leak or sell it unless the victim pays varying sums of money, eliminating the need to deploy ransomware or encrypt data. This differs from the double-extortion ransomware method, whereby adversaries exfiltrate and encrypt files and demand payment for victims to receive a
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ZDNet readers that aren't aware of what a "sextortion" is, this is a term that comes from "sex" and "extortion," and is used by IT security experts to describe a type of blackmail or ransom demand
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You can add $25,000, $50,000 or $100,000 worth of personal cyber insurance to a Cincinnati homeowners, condo or renters policy. (Certain policyholders may be able to get a $250,000 limit.)
Both methods require a great deal of work in order to create leverage on the victim. The mixed success of this type of cyber extortion has traditionally relegated it to a tertiary activity and only carried out under unique circumstances by cyber crime groups that typically did not deploy ransomware. Ransomware and Data Exfiltration Start to Blend
The crime of extortion is defined as obtaining something of value through coercion. While extortion is a form of theft, it differs from the crime of robbery because the threat does not pose an immediate danger to the victim. Below we’ll go over the laws, penalties, and sentencing for extortion crimes, including how state punishments can vary.
A government official, this time from the Land Transportation Office (LTO) in Central Visayas, sued five motorcycle companies for cyber libel this June after the latter accused the former of extortion. The companies released a joint statement that alleged the LTO official demanded “grease money” to hasten the motorcycle registration process
Cyber harassment is the use of electronic communication to harass, stalk or threaten someone. It can include sending threatening or abusive messages, publishing derogatory or private information about someone or engaging in other online activities that make someone feel scared or threatened. Cyber harassment can have a serious impact on its
Rethinking India’s Cyber Defence. 05 Dec 2022. 11 min read. Tags: GS Paper - 3. Cyber Security. Cyber Warfare. Challenges to Internal Security Through Communication Networks. This editorial is based on “The AIIMS attack shows the importance of a robust cybersecurity framework” which was published in Hindustan Times on 04/12/2022.
