Cybercriminal Group Demands Bitcoin Ransoms from Financial Institutions
“DD4BC,” a cybercriminal group that has launched distributed denial of service (DDos) attacks on bitcoin mining companies, exchanges and Hong Kong Banks since mind-2014, have begun to target financial institutions including brokerages, banks and financial organization in Europe, Australia and U.S. According to Akamai, a Massachusetts based content delivery network, DD4BC has carried out 87 attacks specifically on financial institutions, and have shifted its focus from bitcoin startups to banks and financial organizations over the past few months. During the last three months, the hacking....
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Cybercriminal group DD4BC, which stands for "DDoS for Bitcoin" (Distributed Denial of Service for Bitcoin) has been targeting financial institutions since the year 2014, demanding extortion in Bitcoin. The fugitive group threatens the financial institutions that if they fail to cough up a desired number of Bitcoin then they will take down their websites. The modus operandi of taking down a website is simple. DD4BC targets a website with traffic so heavy that the web server comes crashing down and the site goes offline. As per information analytics company Neustar, the cost of such a....
A hacker group that refers to itself as the "Armada Collective" has contacted at least four Thai banks with the threat of cyberattacks if ransom demands aren't paid up in Bitcoin, according to an English news daily in the country. Although details are currently scarce, The Nation, a prominent English-language broadsheet in Thailand reports that a criminal hacker group called the "Armada Collective" has contacted at least four Thai banks via email with a threat to engage in cyber attacks. The publication also notes that the Armada Collective previously targeted Switzerland-based hosting....
Police in the Netherlands are appealing for witnesses to find a person who is planting explosives and requesting a bitcoin ransom. According to the police, the first attacks took place in May, when the perpetrator placed explosive devices in three different Jumbo supermarkets - a chain of stores belonging to the Van Eerd Group - in Groningen, the largest city in the north of the country. Subsequent attacks followed in June and July when the offender sent a congratulatory card containing a small amount of explosive substance to another supermarket in Zwolle, a small town in the province of....
The Charity Commission in the United Kingdom has issued an alert toward all charities about an extortionist group demanding between £300 – £500 in bitcoin (approx. 1.03 to 1.72 BTC) or face cyberattacks, if the ransom isn’t paid up. In an alert issued toward UK-based charities today, the Charity Commission has revealed that a cyber-extortion group calling themselves the “RepKiller Team” are threatening businesses around the UK with their extortionist demands. The group is unlike other cyber-criminal extortionist groups who normally operate with distributed denial of service (DDoS)....
In less than a month since its launch, government agencies and law enforcement arrested two individuals who are suspected to the leaders of the cyber-criminal group. According to the official statement released by EUROPOL, the suspects were arrested in Austria, by the local police. Government and law enforcement agencies in Austria, Bosnia and Herzegovinia, Germany and the United Kingdom in collaboration with Netherlands-based intelligence and information agency Europol has launched an official investigation targeted at the cyber-criminal group DD4BC. Since early 2015, DD4BC, a group of....