The InterPlanetary File System (IPFS), a distributed file-sharing system that represents an alternative to the more familiar location-based hypermedia server protocols (like HTTPS), is seeing more use in file-storage, web-hosting, and cloud services. As might be expected, more use is accompanied by more abuse via phishing attacks.
Extortion can simply be defined as “the practice of obtaining benefit through coercion.“ Data and cloud extortion schemes occur when precious data and/or access is stolen by an attacker that promises to restore it through payment or other demands. In this article, we’ll cover some common or uncommon extortion schemes, and highlight ways to detect and avoid falling prey to demands.