What Is Information Extortion?
The difference between extortion and blackmail
Extortion is different from robbery. In robbery, the offenders take property from the victim by fear or force, and they are not necessarily armed. Extortion is not limited to taking of property and involves the fear of being killed if the victim does not comply with the extortionist's will.
The difference is that extortion always involves a written threat, whereas robbery may not. In the United States federal law, extortion can be committed with or without the use of force. In England Wales, blackmail is the act of threatening or extorting property or money.
Cyber extortion is a crime that involves an attack or threat of an attack and a demand for money or other response in return for stopping or remediating the attack. Cybercriminals demand payment through malicious activity, such as ransomware, which is the most common form. Extortion is the communication of threats to another with the intention of getting something of value or immunity.
You could be sentenced to up to 15 years in prison if you are convicted. Cyber- extortion is a form of online crime in which a website, e-mail server, or computer system is subjected to repeated denial of service or other attacks by malicious hackers, who demand money in return for promising to stop the attacks. Extort is when someone uses violence or threats to get something.
Please_READ: Cyber extortion Campaign
Cyber criminals demand payment or other goods in order to commit cyber extortion. They may threaten malicious activity against the victim that includes data compromise, data theft, release of sensitive data to the public, infecting a device or a network with a piece of software, shutting down systems or executing a denial-of-service attack. Cyber criminals can use a variety of methods to target a wide range of people, from waiting for someone to take the bait to targeting them, which is the more usual route taken when going against organizations.
The average amount of extortion increased from the year before. A type of software that is malicious and can affect a device or network, can cause it to be locked up or refuse access to the owner in exchange for a fee. Once a device is compromised, the files on it are locked up with a message that states the amount of money needed for the attackers to get the key.
Cyber extortion, which is the most common form, is not the only method of carrying out this crime. Attackers can compromise databases such as MongoDB, CouchDB, Hadoop, MySQL, and others, exfoliating data and asking for money in order to return the data. There is a campaign that started in January 2020 called "please_READ_me" that targets database server.
It uses a simple tactic of exploiting weak credentials on internet-facingMySQL server to allow attackers to re-access the network. Having all of your sensitive data and systems backed up can help you recover more quickly from an attack, if you fall victim to cyber extortion through ransomware. Having everything backed up can allow organizations to reduce the amount of downtime needed to recover from an attack, and can save money, as well as reputations, if the threat is data deletion or compromise.