Imagine a criminal breaks into your home but doesn't steal anything or cause any damage. Instead, they photograph your personal belongings and valuables and later that day hand-deliver a letter with those pictures and a message: "Pay me a large sum of cash now, and I will tell you how I got in."
Cybercriminals are doing the equivalent of just that: Hacking into corporations to shake down businesses for upward of $30,000 when they find vulnerabilities, a new report from IBM Security revealed.
The firm has traced more than 30 cases over the past year across all industries, and at least one company has paid up. One case involved a large retailer with an e-commerce presence, said John Kuhn, senior threat researcher at IBM Security.