Vincent Cannady, an professional who labored as a marketing consultant within the subject of cybersecurity, was taken into custody on suspicion of trying to extort giant sums of cash, which might attain as much as $1.5 million, from a publicly traded IT firm.
He explicitly threatened to launch confidential firm info publicly until his calls for have been met.
“As alleged, Vincent Canady used unlawful and extreme threats to acquire funds of greater than $1 million from a publicly traded firm after the engagement broke off,” stated U.S. Attorney Damien Williams.
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When somebody entrusted with confidential info steals that info whereas out and extorts cash by threatening to launch that info, my workplace will maintain them accountable for his or her actions. ”
Cannady was assigned to evaluate and remediate potential vulnerabilities within the firm’s info methods.
This place gave him entry to delicate information, which he later used to leverage extortion calls for after his contract with the corporate ended.
calls for and threats
In an try to hunt justice, he pressed the corporate to handle the discrimination claims and the emotional misery he had suffered. It even threatened to launch paperwork if the corporate didn’t take motion.
“[a]We all know these paperwork are in danger. [the company’s] It enhances status and shakes investor confidence,” CANNADY added.
Cannady particularly requested for a 10-year negotiable certificates of deposit price $1.5 million and a gag order prohibiting him from sharing any details about the corporate.
Cannady has been charged with Hobbs Act racketeering, which might carry a most sentence of 20 years in jail. This accusation is an accusation. He is presumed harmless till confirmed responsible.
The U.S. Attorney’s Office is prosecuting this case within the Southern District of New York.
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