The cost of being a victim of crime? An extraordinary
£77million, according to TalkTalk at the recent sentencing of
one of the individuals who hacked their systems and blackmailed six
senior executives.
Baroness Harding of Winscombe (then TalkTalk Chief Executive)
and others received blackmail threats demanding payment in Bitcoin
or customer data would be sold on the dark web. The TalkTalk data
breach continues to be in the news, with recent revelations that
customer data hacked in 2015 remains available online.
The modus operandi of the corporate blackmailer is to obtain
information – sometimes as simple as email addresses and
perhaps credit card details of business customers – and
threaten the company that they will be released publicly knowing
that will risk the ruin of the company’s reputation and
result in significant costs. It is important to realise that in
contrast to blackmails of many high-profile individuals, the stolen
information may not reveal any