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Tips for protecting your business against cyber extortion

Discussion in 'CSO' started by RSS, Aug 24, 2015.

  1. RSS

    RSS New Member Member

    CrytoLocker is malware cyber criminals use to encrypt the contents of a computer until users pay up.

    But that's only one type of cyber extortion, according to Tim Francis, enterprise cyber lead at Hartford, Conn.-based insurance company Travelers.

    Criminals can also threaten to shut down computer systems or erase data, to infect a company with a virus, to publish proprietary information or personally identifiable information of customers or employees, launch a denial-of-service attack, or hold social media accounts hostage.

    Criminals can also start the attack first, and refuse to stop until the money is paid.

    MORE ON CSO:Lost in the clouds: Your private data has been indexed by Google

    It's no longer just a lone disgruntled employee targeting a single company, Francis said. CryptoLocker is just one example of how cyber extortion technology has been commodified, making it accessible to a wider variety of criminals.

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