By Tom Spring May 31, 2016
Crooks breaking into enterprise networks are holding data they steal for ransom under the guise they are doing the company a favor by exposing a flaw. The criminal act is described as bug poaching by IBM researchers and is becoming a growing new threat to businesses vulnerable to attacks.
According to IBM’s X-Force researchers, the new tactic it is a variation on ransomware. In the case of bug poaching, hackers are extorting companies for as much as $30,000 in exchange for details on how hackers broke into their network and stole data. More conventional ransomware attacks, also growing in number, simply encrypt data and demand payment for a decryption key.
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