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Posted by / 27-Oct-2020 16:25

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." In a public service announcement dated June 1, the Internet Crime Complaint Center (IC3) of the Federal Bureau of Investigation (FBI) alerted the public of a string of email messages reportedly landing on inboxes of unknowing online users in an attempt to extort money.

The scammers, according to the reports received by the agency, have been leveraging the latest stream of high-profile data breaches that have imperiled the security of millions of members of social networking sites Tumblr, Myspace, Fling and Linked In.

Payment is demanded on a short deadline to further incite fear and heighten the sense of urgency to pay among its would-be victims.

As is expected in any extortion scheme, failure to settle the demanded ransom would result into grave repercussions.

[Full story: The Resurfacing of Breached Data from the 2012 Linked In Hack] Paid hack search engine then marked the available troves of user credentials with a rate of 5 Bitcoins, or an amount totaling to around 2,200 USD.

As such, an extortion email sample reads, “Unfortunately your data was leaked in a recent corporate hack and I now have your information.

I have also used your user profile to find your social media accounts.

In a blog entry posted on Friday, May 27, the site noted that each record contains “an email address, a username, one password, and in some cases a second password.” In a statement dated May 31, My Space officials confirmed the said breach of information and divulged that, “Shortly before the Memorial Day weekend (late May 2016), we became aware that stolen Myspace user login data was being made available in an online hacker forum.

The data stolen included user login data from a portion of accounts that were created prior to June 11, 2013 on the old Myspace platform.” My Space highlighted that no credit card or any user financial information has been compromised.

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Because of this, the collection of stolen records was marked at a relatively lower price of 150 USD.