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Cyber Security

Hackers Find Bugs, Extort Ransom and Call it a Public Service

Crooks breaking into enterprise networks are holding data they steal for ransom under the guise they are doing the company a favor exposing a flaw. The criminal act is described as bug poaching by IBM researchers and is becoming a growing new threat to businesses. In the case of bug poaching, hackers are extorting companies for as much as $30,000 in exchange for details on how hackers broke into their network and stole data. IBM says it s aware of 30 unsolicited bug poaching incidents within the past 12 months.

Source: https://threatpost.com/hackers-find-bugs-extort-ransom-and-call-it-a-public-service/118360/

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