Cyber extortion is a new way to deal with the issue of cyber extortion. Cybersecurity has opened a whole new world of possibilities to criminals operating on the Internet. Ashley Madison data breach revealed 37 million Ashley Madison customers personal, financial and private details. Sony Pictures was the victim of a cyber extortion plot that was profoundly damaging to the studio arm of Sony and the brand itself. This type of incident is highly damaging and can potentially even put a smaller company out of business. For SMBs, there may not be the incentive to implement adequate security measures.”]
Source: https://www.csoonline.com/article/3011070/fending-off-cyber-extortion-can-be-difficult.html