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Cyber attacks involving extortion on the rise, says Verizon Communications

Verizon Communications, an international telecommunications conglomerate and the largest wireless communication service provider in US, has said that cyber attacks involving extortions are on the rise.

A cyber attack is orchestrated by a computer savvy individual or a corporation when they access data of a victim through illegal means.

Most of these attacks are of an espionage nature, and institutions are the greatest victims.

Verizon also said that users of cryptocurrencies are targets of cyber attacks with hackers and phishers aiming to steal digital currencies

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