Cyber extortion is a cybercrime in which attackers retrieve your personal or financial data and threaten to cause you damages if you fail to meet their ransom demand. There has been a spike in cyber extortion in recent years as more organizations and individuals now store sensitive data online.
Cyber extortion is an online crime in which a cybercriminal threatens victims with harm, embarrassment, or financial loss unless they comply with demands, such as paying a ransom or providing sensitive information. The most common examples of cyber extortion are ransomware and DDoS attacks.
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