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 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 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. 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 a crime that entails an attack or threat of an attack coupled with a demand for money or another response in exchange for halting or resolving the attack. In cyber extortion attacks, hackers get into a company's computer networks and look for weak spots or valuable targets. lC0j.

what is cyber extortion