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24 terms

Cybercrime and cyber extortion terms

Cybercrime and cyber extortion describe criminal activity that relies on computer technology. Hackers, scammers, and other types of malicious actors use different cybercrime techniques to target individuals and corporations.

Wire transfer fraud

Wire transfer fraud is a type of scam where criminals deceive people into transferring them money via electronic means.

Wire fraud

Wire fraud is a criminal offense involving the use of electronic communication (e.g., phone calls, emails, or online messaging) to trick individuals for financial gain.

Vendor email compromise

Vendor email compromise (VEC) is a cyber scam where attackers target the email accounts of vendors and use them to send fake invoices to their customers.

Triangulation fraud

Triangulation fraud is an online scam involving three parties: an unsuspecting buyer, a genuine seller, and a fraudulent seller as a middleman.

Third-party fraud

Third-party fraud is when a fraudster steals someone's personal data or account details to make unauthorized transactions.

Skimming attack

A skimming attack is when cybercriminals gain unauthorized access to cardholders’ financial information through an EFTPOS terminal or an ATM.

Salami fraud

Salami fraud is the practice of stealing small amounts of money from a large number of accounts over a period of time.

The importance of cybercrime and cyber extortion terminology

Understanding cybercrime and cyber extortion terminology can help users recognize, respond to, and prevent some of these threats before they cause significant financial, emotional, or even reputational damage.

Know what to do

The glossary contains extensive instructions on what to do when you’ve been exposed to the most common cybercrime cases or cyber extortion.

Understand how cybercrime works

Learning how malicious actors perform cyber extortion will prove useful when you’re looking for options on how to safeguard your device against ransomware and other cyberattacks.

Notice the threats before they occur

Understanding the most common warning signs of cybercrime and cyber extortion can help you limit the likelihood of bad actors stealing your money online.

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