why cyber crime freeze bank account

 why cyber crime freeze bank account: Cyber criminals freeze bank accounts as part of their illicit activities to either extort money or gain unauthorized access to funds. This can be achieved through various methods such as hacking into banking systems, phishing attacks to steal login credentials, or deploying ransomware to encrypt critical data until a ransom is paid. Once access is gained, they freeze accounts to prevent legitimate account holders from accessing their funds, leveraging this control to demand ransom payments or further exploit the compromised accounts for financial gain. The freezing of bank accounts serves as both a means of coercion and a mechanism to impede victims' ability to mitigate the damage caused by the cyber attack, amplifying the impact and urgency of their demands.