What is Cyber Triple Extortion?
Cyber extortion is on the rise. Lured by easy and lucrative financial gain, cybercriminals have become more persistent and sophisticated. New strains of ransomware, ransomware-as-a-service, and affiliated business models have helped turn cyber extortion into a legitimate underground economy. In an attempt to turn up the pressure and odds of a successful payday, bad actors are executing triple extortion consisting of the following threats below.
Triple-Extortion Tactics on the Rise for Ransomware Gangs
Cybercriminals have hit the ransomware trifecta by melding file encryption, data theft, and DDoS attacks.
What Is a DDoS Extortion Attack?
Also known as ransom DDoS (RDDoS) attacks, DDoS extortion attacks occur when cybercriminals threaten individuals or organizations with a DDoS incursion unless an extortion demand is paid. These demands call for payment in cryptocurrency in order to avoid traceability by law enforcement authorities.
NETSCOUT Threat Intelligence Report 2H 2021
The second half of 2021 brought about the establishment of high-powered botnet armies and a rebalancing of the scales between volumetric and direct-path attacks, creating new standard operating procedures, and adding new tactics and techniques.