Perspectives In The Fight Against Cyber Extortion

Indicators show that the epidemic of cyber extortion is growing. Because of the nature of this crime, targeted organizations do not always disclose the threats they receive and therefore detailed figures are hard to find. However, the SysAdmin, Audit, Network, Security (SANS) Institute estimated that six or seven thousand organizations are paying online extortion demands, including most online gambling websites. In this context, it is becoming urgent to find new ways to fight cyber extortion.

The following questions have been addressed in this article:

To what extent is cyber extortion a threat?
What can be done in terms of computer security?
Is there any insurance coverage for cyber extortion?
What are the consequences of the connections between cyber extortion and organized crime?
Are there any other perspectives in the fight against cyber extortion?

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