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31 Oct

Recently, Forcepoint Security Labs have encountered a strain of scam emails that attempts to extort money out of users from Australia and France, among other countries.

Cyber-extortion is a prevalent cybercrime tactic today wherein digital assets of users and organizations are held hostage in order to extract money out of the victims.

“This is a growing problem,” said Wesley Hsu, chief of the cyber crimes unit at the U. Bloomberg reports that at least 20 criminals have been prosecuted for such scams – with victims thought to number in the thousands.

The FBI has previously warned of a growing number of criminals involved in “sextortion”.

3, 2015) -- For many, the words extortion and blackmail bring forth images of Hollywood movies, celebrities having illicit affairs and corporations trying to hide a wrongdoing.

The FBI's Internet Crime Complaint Center 2014 Internet Crime Report stated that more than million dollars was extorted from victims that year.

In many cases, people are lured into taking part in an online video chat session after making a new friend on a social media website or after receiving a message via a dating app or Skype chat.

Army Criminal Investigation Command initiative to partner with the Army community by providing a conduit for members of the Army Family to help prevent, reduce and report felony-level crime. In today's world of Internet communications, Internet dating, and social networking, extortion and blackmail can happen to anyone who discusses, admits, or posts a lapse in judgment or their personal or financial issues over the Internet. Army Criminal Investigation Command, commonly known as CID, warns the Army community to be aware of Internet extortion and blackmail scams and to report any instance where a Soldier, Army dependent, or Army civilian is or has been faced with threats involving the payment of money or other valuables.“Trust-based tactics where the criminals take advantage of the relative anonymity of the Internet to trick victims into trusting them and revealing very personal details or sending revealing images.The criminals then use these as leverage to force their victims into sending more compromising pictures.” Criminals also target victims with malware designed specifically for this form of attack, Myers says: “Malware-based attacks target the victim with malware that stealthily turns on the victim’s webcam.This a serious global issue and blackmailers can be located anywhere around the world.These blackmailers can be individuals working alone, but there are also highly organised criminal groups profiting from sextortion.