According to The Wilson Organization, insurers and underwriters are predicting a rise in white collar extortion as the recession continues to bite and unemployment figures increase. Worryingly many businesses do not have insurance cover for data or business loss.
"The economic downturn has resulted in people of all levels and responsibilities
losing their jobs, and those with a detailed knowledge of their former
IT and operating systems may well present a real potential threat,
and turn to extortion as a way of taking revenge on their former employer, and
of making some money at the same time.