Monday, 4 April 2016

Hackers target wealthy for cyber extortion

ext time you want to post photos of your holiday in the Caribbean or the French Riviera on Instagram or check into your favorite luxury hotel on Facebook, think again. With cyber criminals keeping tabs on the social media footprint of the well-heeled, you may be at risk of virtual extortion.

Take the case of the daughter of a well-known MNC CEO based in India who recently posted her vacation and hotel details on Facebook. Cyber criminals hacked into the security video of the hotel she was staying in and retrieved footage of some of her intimate moments. “They told the CEO to pay up $250,000 or they would post the footage online,” says a cyber security expert who took up the case when the police failed to act. However, the ransom eventually had to be paid since the network was too big to track down. For the full article click here 



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