Know DD4BC - The Extortionist Group Demanding Bitcoin Ransoms
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....
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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)....
Extortionist group DD4BC appears to be connected to a new wave of distributed denial of service (DDoS) attacks against organizations in Switzerland, New Zealand and Australia. With the new attacks, the group is seeking 25 BTC from affected parties in exchange for relinquishing the flood of inbound data is issues that renders recipient websites inaccessible. Most recently, DD4BC was named in an 8th May warning published by the Swiss Governmental Computer Emergency Response Team (GovCERT), a division of MELANI, a national agency focused on cybersecurity issues. The warning read: "In the past....
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....
“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....
The extortion group known as DD4BC has stepped up the number of attacks this year and is now targeting the financial services industry, according to a new report. Akamai Technologies, a content delivery network and cloud services provider which produced the report, has identified 114 attacks carried out by DD4BC since April 2015. Stuart Scholly, senior vice president and general manager at Akamai's security division, said in a statement: "DD4BC has been using the threat of DDoS attacks to secure bitcoin payments from its victims for protection against future attacks ... The latest attacks....