Wednesday 27 April 2016

‘Armada Collective’ hackers rake in $100000 from companies by making fake DDoS threats

A hacker group claiming to be the Armada Collective, known for its extortion rackets, has taken cybercrime to new levels. The hacker group has duped companies into paying $100,000 (£68,628) by sending them emails with fake threats of launching a DDoS (distributed denial of service) attack.

In just two months, the hacker group has raked in thousands from companies around the world, who failed to realise that they were being tricked by a mere threat of a potential DDoS attack. According to security firm CloudFlare, the Armada Collective emailed business around the globe demanding ransom in Bitcoin and threatening a hack unless a payment was made.

CloudFlare’s Matthew Price wrote in a company blog: “We have heard from more than 100 existing and prospective CloudFlare customers who had received the Armada Collective’s emailed threats. We’ve also compared notes with other DDoS mitigation vendors with customers that had received similar threats.”

“Our conclusion was a bit of a surprise: we’ve been unable to find a single incident where the current incarnation of the Armada Collective has actually launched a DDoS attack. In fact, because the extortion emails reuse Bitcoin addresses, there’s no way the Armada Collective can tell who has paid and who has not. In spite of that, the cybercrooks have collected hundreds of thousands of dollars in extortion payments.” For the full article click here 



from hacker samurai http://ift.tt/1NST1Qd
via IFTTT

No comments:

Post a Comment