FBI warns against email extortion

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FBI warns against email extortionIC3 warns extortion by phishing emails on the rise, businesses need to train staff

Do you know that your employees can become victims of a cybersecurity attack? The new email extortion scam can hit both in  and outside the office.

On June 1st, the FBI’s Internet Crime Complaint Center (IC3) warned that e-mail scam campaigns have escalated recently. According to IC3, the recent email extortion comes from data breaches at organizations such as Ashley Madison, the IRS, Anthem, and others where millions of personal information records were stolen. How do those emails work? In e-mail scams, potential victims are told that if a ransom is not paid on a short deadline, their personal information such as name, phone number, address, credit card data, etc., will be “outed” to all the victim’s social media contacts, family, and friends. The recipient is instructed to pay a ransom typically between 2 to 5 Bitcoins, which is $300 to $1,400 depending on the exchange rate.

How do you stay safe?

There are two things you can do right away to keep your business and employees safe: Protect your confidential information both in-transit and at-rest with docNCRYPT™ and make sure that your employees know about this scam and do not respond to the extortionists. Here is what they should know:make sure your employees and friends know about extortion email scams

  • They may receive email threatening them to make their private information public.
  • They should not be intimidated by the cyber criminals pressure extortion tactics. There will be negative consequence if they do agree to pay. Paying will not help.
  • If they receive extortion email they should to answer those emails.

Click on “Read More” to see what our friends at KnowBe4 have to say about the threat .

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