Cyber extortion: This type of coverage can provide protection in the event that your organization is the victim of a ransomware attack or other type of cyber extortion. It can help cover the costs of paying a ransom, as well as expenses related to restoring systems and data.Since 1983, Financial Guaranty Insurance Brokers has distinguished itself as a provider of Professional Liability, Cyber Liability, and Crime insurance products for entities of all types. To receive timely, personalized service from a knowledgeable and experienced staff, call us today at (877) 485-4413 to speak with one of our professionals.
Cybersecurity threats are acts performed by individuals with harmful intent, whose goal is to steal data, cause damage to or disrupt computing systems. Common categories of cyber threats include malware, social engineering, man in the middle (MitM) attacks, denial of service (DoS), and injection attacks—we describe each of these categories in
Most state laws define the elements of extortion as the gaining of property or money by almost any kind of force or threat of violence, property damage, harm to reputation, or unfavorable government action. Extortion is often charged as a felony criminal offense in most states. Usually, states will set the severity of the charge based on the
In fact, a Dutch security researcher looked at the Bitcoin addresses in several dozen of these extortion emails and discovered that the extortionists had garnered in excess of $50,000 in just over a week. Is online extortion a crime? Yes, extortion is a felony in all states and becomes a federal crime if it involves any type of interstate commerce.
jUjWPH9. types of cyber extortion
