Cyber extortion involves attackers threatening or executing cyberattacks to coerce businesses into paying ransoms or fulfilling other demands. Common tactics include ransomware, which locks data until a ransom is paid, and DDoS attacks that overwhelm systems. The impact can be severe, leading to financial loss, reputational damage, and increased recovery costs. Protecting against cyber extortion requires robust cybersecurity measures, employee training, and a comprehensive response plan.

https://www.ibovi.com/post/cyber-extortion