What is information extortion Describe how such an attack can cause losses using an example not found in the text.?

Information extortion is a type of cyber attack where the attacker demands payment in exchange for not disclosing sensitive information. This can include threats to expose personal data, financial records, or intellectual property. For example, a hacker gains access to a company's customer database and threatens to release the information publicly unless a ransom is paid, resulting in reputational damage, loss of trust from customers, and potential legal repercussions for the company.