Cyber extortion is when a cyber attacker demands money or something else in return for stopping the attack or returning access to your systems/data. Cyber extortionists first gain access to a computer, software, or network, usually through ransomware or distributed denial-of-service (DDoS). The Australian Cyber Security Centre (ACSC) gives information on: types of cybercrime threats; basic ways to protect yourself online. Combating cybercrime is a key part of our efforts to stay ahead of serious criminal threats to Australia and Australians. We work to disrupt anonymous cybercriminals who are using the dark web to evade detection. Human-operated ransomware attacks. Human-operated ransomware is the result of an active attack by cybercriminals that infiltrate an organization's on-premises or cloud IT infrastructure, elevate their privileges, and deploy ransomware to critical data. These "hands-on-keyboard" attacks target an organization rather than a single device. The Cyber Extortion threat landscape continues to evolve quickly and the past 12 months saw the number of Cyber Extortion victims globally increase by 46%, marking the highest numbers ever recorded. Large enterprises were the victim in the majority of attacks (40%), with those employing more than 10,000+ people seeing a steady increase. Mr. Henry: “Sure. There are so many components of a cyber attack when you talk about the losses. There’s the actual losses that are caused by data being sold, or stolen and sold, stolen and Racketeering, often associated with organized crime, is the act of offering of a dishonest service (a "racket") to solve a problem that wouldn't otherwise exist without the enterprise offering the 8NethV.

types of cyber extortion