Are you protected from Cyber Extortions?

February 19, 2022

While the number of cyberattacks continues to rise each year, the frequency of cyber extortion attempts has been increasing dramatically, making it one of the biggest threats to businesses today. According to a report from business intelligence firm Kaspersky Lab and published by Forbes, cyber extortion attempts have jumped by 177% in just two years.

Cyber extortionists primarily target small businesses, who often don’t have sophisticated security practices in place. What makes them vulnerable is that they usually rely on one or two employees with access to sensitive business data. And because these smaller firms may be less aware of cyber threats and what precautions need to be taken, they are prime targets for cyber criminals looking for quick money.

Treat your password like your toothbrush. Don’t let anybody else use it, and get a new one every six months.  – Clifford Stoll

There are multiple types of cyber extortions – financial and non-financial, with or without legal action. While cyber extortion may appear under different names such as ransomware or sextortion, all of these types of cyber extortion are illegal and can land perpetrators in serious trouble. It is crucial that you protect yourself and what to do if you fall in as a victim.

Don’t rush to pay

If you have been a victim of cyber extortion, report it immediately to your local police department and get their advice on how to proceed with your case and what other measures you can take.  Keep all correspondence and reports related to your cyber extortion experience so that your law enforcement agency will be able to investigate it as efficiently as possible Use strong passwords for your online accounts  Use anti-virus software and firewall protection  Use two-factor authentication when possible . Never click on links or open attachments from unknown senders Make sure that you are using an updated operating system Make sure that your computer has regular security updates .

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