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cyberextortion

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cyberextortion

A crime in which payment is demanded in order to prevent or stop attacks on an organization's Web site, network or computer systems. In 2004, a Carnegie Mellon survey stated that only one out of five cyberextortionists who threatened an attack and did not receive payment actually went through with it. See cybercrime.



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Welcome to the reality of e-business--which, while convenient, poses such threats as identity theft, cyberextortion and more.
 
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