FinTRAC sees escalation in extortion threats against businesses

Agency reports 100 extortion-related disclosures to law enforcement since the start of the year, more than the past two years ...
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What is cyber extortion?

When cybercriminals hijack your data or website and demand a ransom, you become a victim of cyber extortion. These attacks — and the subsequent ransom payments they require — are on the rise, with ...
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These 2 groups are now most at risk of falling victim to extortion scams — and, no, seniors aren’t one of them. How digital hygiene is playing a part

In 2023, scams targeting Americans ages 60 and over caused more than $3.4 billion in losses, according to the FBI's Internet Crime Complaint Center. (1) And the Federal Trade Commission (FTC) reports ...

Sixfold increase in extortion cases in Canada so far this year: FINTRAC

OTTAWA — Canada’s financial intelligence agency will report Thursday that extortion is soaring, with a growing number of ...