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Avoid using the same password for several different accounts, add special characters and numbers to a password, and change it frequently. Default passwords should be changed, and strong passwords used.

Applying a Strong Password Policy: Attackers can take advantage of your system if you use default administrator usernames and passwords.

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Regularly check your network for potential security gaps and apply software patches to close them.

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Implementing a Patch Management System: Hackers are constantly seeking weak points in networks.

Backing up data regularly will save you from lots of stress, money losses, and internal conflicts. Because no matter how hard you try, you can never be 100% safe.

Backing Up Data: This is the first and most useful step.

Make sure you send your work staff to cyber security courses. Your older staff can particularly be vulnerable to scams and downloading malware.

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Educating Your Employees: Unfortunately, breaches often happen because employees are not informed enough about the dangers of cyberattacks.

There are several ways, the most prevalent and useful ones being: Since cybercriminals are no danger to you until they breach your network, the main question now is – how do you prevent extortion?

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How to Protect Yourself From Cyber Extortion? While the attack itself could’ve been done in a myriad of ways, what defines email-based extortion is that the threat comes through the email, and the attacker threatens to release private information through emails sent to your entire address book, which often includes colleagues, family, and friends.Ĭybercriminals often obtain sensitive emails, pictures, videos, and more. There are some overlaps between different types of extortion, and such is the case with email-based cyber extortion. Not only does that cause downtime and make your users switch over to your competition, but it can also cause a loss of capital and/or stakeholders Email-based Cyber Extortion That overload renders your website non-functional and stops it from serving users who visit the site. Sending out these fake requests is done through infected servers (botnets). It’s done by cyber criminals who send a large number of fake service requests to your web server, which overloads its capacities. DDoSĪnother often-seen sort of cyber extortion includes a DDoS attack. These days criminals often ask for payment in cryptocurrency. Then these cybercriminals contact you or leave a message demanding payments in exchange for the safe return of your data and for preventing the data to be leaked or sold to a third party. In these cases, criminals hack into your network and take your data hostage or any other important element of your IT infrastructure and network. Ransomware is the most frequently found form of extortion. But the most common types of cyber extortion take form in the following ways: Ransomware Most Common Types of Cyber ExtortionĬyber extortion can take many forms since every piece of data stolen in any way can be used for extortion purposes. As with real-life extortion, psychology plays a massive part in the whole process, with cyber criminals making outrageous ransom requests, for which you have no way of knowing if they are being serious or bluffing. Another thing a hacker can do is copy your important data.

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The act of taking data hostage can happen when you or your knowledgeable staff clicks on malicious links that automatically download malware, encrypt your files, and locks you out. It often involves criminals that threaten with server failures and/or data encryption – which locks your access to previously accessible data. Definition of Cyber ExtortionĬyber extortion is an online attack that has the goal of extracting huge ransom sums. Country leaders, CEOs, and individuals should be ready and equipped with knowledge not just to mend from such attacks but also to prevent them altogether.įind out what forms cyber extortion takes and how you can protect yourself from it. Its most common form is ransomware – a sophisticated and emerging form of malware. Lots of it is stolen for cyber extortion. One of the many risks lurking online is the theft of valuable data. And while we reap many benefits from it, other people are also taking advantage by engaging in criminal behavior that is extremely damaging to individuals, organizations, and whole governments.