Cyber Extortion

|

Cyber

What is
Cyber Extortion
Threats to disrupt, expose, or withhold digital assets unless a ransom or demand is met.
Cyber Extortion
in more detail

This typically includes ransomware incidents where attackers demand payment to restore access or prevent data release. Cyber insurance in Australia often covers ransom payments, negotiation fees (usually requiring use of approved negotiators), and recovery-related costs such as legal advice and PR. Payment is frequently conditioned on adherence to incident response protocols; reckless or unauthorised payment actions may void coverage. (legislation.gov.au, cyber.gov.au)

RELATED TERM

ALL CATEGORY