Holding Data ‘Hostage’, Hackers Forcing Indians to Pay Up Ransom

How much would you pay to keep your secret a secret? Especially when the secrets in question refer to your data, other crucial information and personal details. In 2015, two Indian business tycoons paid $5 million each to keep such information from going public.

A group of hackers stole their data from their company servers. This included details that could land them in trouble, if exposed. After the ‘ransom’ was paid, the business barons realised that the hackers had access to their systems for two to three years, and there was no way to ensure that this would not happen again.

This is said to be the first known case of ransom-hacking or hacker blackmailing involving corporate leaders of India. But there are hundreds and thousands of such cases each year that go unreported.

Read more at: https://www.thequint.com/technology/2016/12/15/holding-data-hostage-hackers-forcing-indians-to-pay-up-ransom-cyber-crime-internet