FBI Warns of Cyber Extortion ScamFBI Warns of Cyber Extortion Scam
Spear-phishing techniques are breathing new life into an old scam.
August 13, 2018
Extortion is a very old crime that's being given new life in the cyber world. A recent public service announcement from the FBI warns computer users to be on the lookout for threats that use stolen information to tailor extortion demands to specific email addresses.
The sheer number of email addresses, names, and other personally identifiable information (PII) pieces that have been stolen makes extortionists' jobs much easier. In the usual case, the criminals will send an email (or even a paper letter) with personal information in the lead paragraph and threaten to expose visits to pornography sites, marital infidelity, or other potentially embarrassing behavior unless a fee is paid.
This being 2018, the most common mechanism for paying the ransom is Bitcoin, generally within a 48-hour window, unless the victim is ready to see their behavior shared on social media.
The FBI recommends declining to pay the extortion request, and rather contacting local law enforcement and the IC3 (Internet Crime Complaint Center). They also recommmend taking standard email and online precautions to avoid becoming a victim of this scam.
For more, read here.
Learn from the industry's most knowledgeable CISOs and IT security experts in a setting that is conducive to interaction and conversation. Early bird rate ends August 31. Click for more info.
About the Author(s)
You May Also Like
Hacking Your Digital Identity: How Cybercriminals Can and Will Get Around Your Authentication MethodsOct 26, 2023
Modern Supply Chain Security: Integrated, Interconnected, and Context-DrivenNov 06, 2023
How to Combat the Latest Cloud Security ThreatsNov 06, 2023
Reducing Cyber Risk in Enterprise Email Systems: It's Not Just Spam and PhishingNov 01, 2023
SecOps & DevSecOps in the CloudNov 06, 2023