You’ve probably heard about the successful cyber extortion of a hospital in Hollywood, California. Hackers cracked into the hospital’s database and then electronically locked up the hospital’s systems with malware. The hospital had to pay the extortionists a $17,000 ransom in bitcoins to regain access to the hospital’s own data.
These attacks are also hitting banks; however, due to the huge reputational risk banks face you are not likely to hear about them. The FFIEC has previously warned banks to protect themselves from extortion by computer attacks such as this.