Cyber Blackmail And Ransomware: What You Need To Know

Law360, New York (June 10, 2016, 11:48 AM EDT) -- Kristofer Swanson

Louis Scharringhausen In a modern-day twist on the criminal traditions of extortion, computer hackers are engaging in extensive blackmail and ransom efforts. In a cyber blackmail situation, hackers obtain sensitive data from an organization and then threaten to publicly disclose it unless a payment is received. In a ransomware situation, hackers plant a malicious program on a corporate network that encrypts data and denies the organization access to its own files until a payment is received. A wide range of businesses, nonprofits and municipalities have fallen victim to these extortion schemes.[1]

These attacks are particularly insidious as organizations must...

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