Cyber extortion, also known as ransomware attacks, are crimes where your data and systems are held hostage until demands for payment are met. Triple extortion is the latest tactic to be used, and comprises 3 individual types of attack:
1. Data theft - sensitive business data is extracted with the threat of distributing and publishing it online
2. File encryption - valuable files and systems are encrypted preventing business access to critical data
3. DDoS attack - day-to-day operations are disrupted by overwhelming websites, servers or other critical infrastructure with traffic