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New Money Making Scheme: After Ransomware Comes GDPR Extortion

Cybercriminals continue their research and development to develop new ways for unsuspecting users to fall for their traps. The European Unions GDPR (General Data Protection Regulation) took full effect last May 25, 2018, with a heavy penalty of 20 million or 4% of their global revenue, whichever is higher. The new possibility of cybercriminals will test penetrate a target corporate network installation, then blackmail the company to pay an extortion, non-compliance means the hack will proceed. The $100,000 that Uber paid speaks volumes: they thought the breach was worth that amount.”]

Source: https://hackercombat.com/new-money-making-scheme-after-ransomware-comes-gdpr-extortion/

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