The attack is almost too simple.
It starts with a compromised Apple ID.
From there, the attacker uses Find My iPhone and places the victims equipment into lost mode.
In each of the cases reported publicly, the ransom demanded is usually $30 to $50.
Salted Hash started excavating on this story after the email was received.
The report adds that for now, lets assume there hasnt been a massive iCloud data breach.
Apple has not commented on the matter.
However, some security experts are claiming that the victim count of 40 million is likely way overblown.
In short, there would be no way to keep such attacks under the radar.
Thats not a glitch that would escape Apples radar, as you might imagine.
Both these changes can be done inside of your iCloud prefs screen.
Source:CSO Online
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source: www.techworm.net