Breathe Technology writes: We’re always hearing how cybercrime figures are rising. That’s nothing new.
However, recently, the trend for cyber extortion has hit alarming new highs, and it’s something you need to be aware of. Your organisation could be at risk.
Read our latest blog:
What is cyber extortion?
It’s a type of cyber crime where criminals threaten to harm your organisation by compromising its data and digital assets unless a ransom is paid. These threats often involve ransomware, a malicious software that encrypts your data, making it inaccessible until you pay the ransom.
Sometimes, cyber criminals go a step further by stealing data and threatening to release it publicly on dark web leak sites if their demands aren’t met. This dual threat is known as double extortion.
According to a 2024 report, the number of victims of cyber extortion scams has skyrocketed by 77% over the past year. What’s more, small organisations are four times more likely to be targeted compared to their larger counterparts. This is a worrying trend, especially considering that smaller organisations often have fewer resources to defend against these attacks.
Read the full blog here: This is how cyber extortion is affecting businesses like yours
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