May 6, 2024 at 01:08PM
Cybersecurity expert Vincent Cannady faces a 20-year prison sentence after being accused of extorting $1.5 million from a multinational IT services company by threatening to expose stolen data. Cannady, fired from his consultancy job, allegedly accessed and downloaded confidential company data, demanding a substantial settlement. He has been charged with Hobbs Act extortion.
The meeting notes provided detail an incident involving Vincent Cannady, a cybersecurity expert who is accused of attempting to extort a multinational IT services company. Cannady allegedly accessed and downloaded confidential data from the company after being fired from his consultancy job. He then proceeded to demand a large sum of money in exchange for deleting the stolen files and signing a non-disclosure agreement. The affected company ultimately secured a restraining order against Cannady, and he has been charged with Hobbs Act extortion, which carries a maximum prison sentence of 20 years.
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