From welivesecurity.com
When it comes to coercing people into parting with their money, cybercriminals seem to have an endless bag of tricks to choose from. There are some tricks, that they favor more than others, one of which is extortion. According to the FBI’s latest Internet Crime Report, US victims of extortion lost some US$107.5 million to these crimes last year.
One thing to keep in mind is that blackmailers won’t just stick to one trick but will employ multiple flavors of extortion to try to force their victims into doing their bidding – be it paying them a handsome sum or even performing tasks on their behalf.