‘We have your porn collection’: The rise of extortionware

Posted by & filed under Ransomware.

Cyber-security companies are warning about the rise of so-called ‘extortionware’ where hackers embarrass victims into paying a ransom. Experts say the trend towards ransoming sensitive private information could affect companies not just operationally but through reputation damage. It comes as hackers bragged after discovering an IT Director’s secret porn collection. The targeted US firm has… Read more »

How ransomware insurance that protects companies and communities can also embolden criminals

Posted by & filed under Cyber Security, Cyberattack, Ransomware.

To town councillors in Essex, Ont., it sounded like an expensive, if necessary, proposal. At a public meeting last August, the town’s insurance provider pitched a new type of policy that he said a growing number of municipalities are buying: coverage against cyberattacks. “By purchasing this layer of protection, you can have a little peace of… Read more »