ransom

Ransom is the practice of holding a prisoner or item to extort money or property to secure their release, or it may refer to the sum of money involved.

(source: en.wikipedia.org)

Kidnappers Get $1M In Bitcoin For Release Of Crypto Exec
Kidnappers Get $1M In Bitcoin For Release Of Crypto Exec
January 02, 2018  |  Bitcoin

A cryptocurrency executive who was kidnapped by an armed gang near his office in Kiev earlier this week was freed on Thursday after paying the...

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Hacker Tracker: Mysterious Cyber Gang Goes After Apple
Hacker Tracker: Mysterious Cyber Gang Goes After Apple
March 24, 2017  |  Security & Fraud

It’s been an interesting week when it comes to Apple’s cybersecurity news. Whether a mysterious “crime family” is really out to compromise iCloud and .mac...

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PYMNTS’ Daily Data Dive: Study Shows One-Third Ransomware Victims Pay Up
PYMNTS’ Daily Data Dive: Study Shows One-Third Ransomware Victims Pay Up
March 09, 2017  |  Daily Data Dive

With mounds of data created on a daily basis and businesses looking to capitalize on that data, there’s a high probability of getting hacked by...

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Hackers To Banks: Pay Up Or We’ll Spill
Hackers To Banks: Pay Up Or We’ll Spill
September 30, 2016  |  Security & Fraud

A group of hackers stole documents from investment bank WestPark Capital and threatened to release the data unless the bank pays a ransom. The hacker...

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Financial Watchdogs Warn Of Hacker Extortion
Financial Watchdogs Warn Of Hacker Extortion
November 05, 2015  |  News

After noticing an increased “frequency and severity” in the number of hackers attempting to extort financial institutions, U.S. financial regulators have put out a serious...

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Big Bank Shakedowns On The Rise
Big Bank Shakedowns On The Rise
August 03, 2015  |  Controversial

Hackers are now resorting to extortion and threats of cyberattacks in order to get financial companies to pay up, and in some cases it’s working.

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