How does Cyber extortionist work?
It works when hackers illegally access organizations or businesses to steal sensitive information such as photos, videos, important files, etc. It also occurs when the hacker sends a suspicious email to the victims and convenience victims to click the link and enter their credentials or maybe they convenience to download the malware software that infects your system and when you enter the credentials or download the software they steal your sensitive information and blackmails to pay money in cryptocurrency. If you do not pay the money they release your sensitive information publically.
Here are the steps that represent the working of cyber extortion-
- Infiltration:- In the Infiltration step, hackers try to access the victim’s system to steal your sensitive data. Hackers use phishing techniques to convenience victims to open malicious software or suspicious links so they steal your sensitive information.
- Installation:- Once hackers install malware software such as ransomware then hackers steal the victim’s sensitive information and infect the victim’s system.
- Extortion:- After controlling the victim’s system, in the extortion phase, the hacker now blackmails the victims into paying money in cryptocurrency otherwise they release the sensitive information.
- Payout:- If the victim’s ready to pay the hackers to not release their sensitive information, the victims think they are safe but there is no guarantee the victim’s data will be recovered or they will ask for more money to blackmail the victims.
- Repeat:- In most cases, hackers make a presence in a victim’s system so they attack in the future and steal the data from the victim’s account.
What is Cyber Extortionist?
Cyber extortionist steals sensitive information such as photos, videos, and blackmail individuals or persons, and demand money for victims not to leak the information publically. In this article, we will cover a brief explanation of cyber extortionists and their types. Also, we will cover how to protect our businesses from cyber extortion.