Ransomware: A Rising Threat of New Age Digital Extortion

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Author(s): Akashdeep Bhardwaj (UPES Dehradun, India)
Copyright: 2019
Pages: 27
Source title: Digital Currency: Breakthroughs in Research and Practice
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-5225-6201-6.ch017

Keywords: Accounting and Finance / Business & Management / Business Science Reference / E-Commerce

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Abstract

Compared to the last five to six years, the massive scale by which innocent users are being subjected to a new age threat in form of digital extortion has never been seen before. With the rise of Internet, use of personal computers and devices has mushroomed to immense scale, with cyber criminals subjecting innocent users to extortion using malware. The primary victim to be hit the most has been online banking, impacting the security and reputation of banking and financial transactions along with social interactions. Online security revolves around three critical aspects – starting with the use of digital data and files, next with the use of computer systems and finally the internet as an unsecure medium. This is where Ransomware has become one of the most malicious form of malware for digital extortion threats to home and corporate user alike.

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Ransomware: A Rising Threat of New Age Digital Extortion

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