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Increase in extortion from banks and business companies in the US

Crimes of extortion and ransom increased in America, in one year American banks and companies had to pay one billion and twenty million dollars in form of extortion and ransom.

The Conference of American Banks and Private Companies reported that 1,489 cases of extortion and ransom were reported during the year, a threefold increase in cases of extortion in 2021 compared to 2021.

Threats to private businesses in the U.S. have increased, with Russian cybercriminals among the top five extortion groups, the US Treasury Department said in a report released after a joint conference of nearly 3 dozen businesses and banks. .

Most of the ransom collection involves people related to the computer hacking sector, companies and organizations refuse to pay the ransom, hackers make their data public. In March, President Joe Biden signed the Cyber ​​Security Act into law.

According to the new law, companies will report to the Home Security Department within 72 hours if someone demands a ransom.

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