Cyber Extortion: Traditional Blackmail with a Cyber Twist

Ransom, extortion or blackmail, regardless of the name, hackers are breaking into network systems encrypting the data and holding it hostage. These age-old activities are being married to modern technology and wreaking havoc. They have become one of the fastest-growing technologies in cyber crime. Whether you are in retail, manufacturing, the hospitality sector, or an office, you may be subject to a breach in your IT system or the threat of cyber extortion. There are no infallible solutions to cyber attacks, however education, training, and vigilance can certainly alleviate the probability and impact. As the FBI advises,”Back up or Pay Up”

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