Cyberextortionist are Targeting British Banks
Posted by: Timothy Weaver on 09/11/2015 09:39 AM
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DD4BC threatens Lloyds, BAE with DDoS unless they cough up $24,500 in bitcoin.
The Bitcoin extortionist group DD4BC has been targeting a large number of British banks and companies recently. The increase, according to Akamai identified 114 DD4BC attacks against the company’s customers since April 2015, with 41 cases taking place in June alone. In comparison, there were only 5 attacks in January and February 2015.
The attacks are instigated with an email demanding anywhere between 1 and 100 bitcoins (about £160 to £16,000), a deadline for compliance, and warning of a “small, demonstrative attack.” If the victim is uncooperative, the hackers raise the ransom and make a more forceful attack.
This proves to be effective in many cases because the hackers threaten to make the attack public thereby undermining the banks reputation and trustworthiness.
A number of attacks have proved effective for the attackers, however, one victim tried to turn the tables on the attackers by offering a bounty of 100 bitcoins (~£16,000) on the group in the hope that someone might come forward with details of who's behind the attacks.
So far, despite a number of potential leads, the bounty hasn't been claimed.
Source: Arstechnica
The Bitcoin extortionist group DD4BC has been targeting a large number of British banks and companies recently. The increase, according to Akamai identified 114 DD4BC attacks against the company’s customers since April 2015, with 41 cases taking place in June alone. In comparison, there were only 5 attacks in January and February 2015.The attacks are instigated with an email demanding anywhere between 1 and 100 bitcoins (about £160 to £16,000), a deadline for compliance, and warning of a “small, demonstrative attack.” If the victim is uncooperative, the hackers raise the ransom and make a more forceful attack.
This proves to be effective in many cases because the hackers threaten to make the attack public thereby undermining the banks reputation and trustworthiness.
A number of attacks have proved effective for the attackers, however, one victim tried to turn the tables on the attackers by offering a bounty of 100 bitcoins (~£16,000) on the group in the hope that someone might come forward with details of who's behind the attacks.
So far, despite a number of potential leads, the bounty hasn't been claimed.
Source: Arstechnica
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