Trend Micro researchers uncovered a sextortion scheme targeting Italian-speaking users. The scheme is notable in that the hackers are now also using Bitcoin Cash as one of their preferred cryptocurrencies.
Digital Extortion: Digital extortion is the act of coercing an individual or company to pay in exchange for gaining back access to stolen cyber assets. Read more
Digital extortion is one of the most lucrative ways cybercriminals can profit in today’s threat landscape. Many have fallen victim to this particular scheme and been bilked of their money —- from ordinary users to big enterprises.