Hackers extorting money out of tech startups in exchange for protection from DDoS attacks

Himanshu Arora

TS Addict
Cyber criminals have recently targeted several small technology startups with an aim to extort money. According to a New York Times report, startups like Meetup, Vimeo, Basecamp, Bit.ly, Shutterstock, and more, have already been hit by such attacks.

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MilwaukeeMike

TS Evangelist
The report highlights a similar attack in which Meetup, a New York-based Internet company that connects groups offline, was asked to pay $300 worth of Bitcoins.
Of course they were told to pay in Bitcoins. No way for the authorities to track them down for extortion then. I have a feeling this will be one of many stories to come about Bitcoins being the new cyber mafia's currency of choice.
 
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GhostRyder

TS Evangelist
Been waiting to make a joke like this for awhile

Hello, we're the robot Mafia:



But in all seriousness, I remember when DDOS was something extreme, now its become a child's play thing in which kids threaten to DDOS one another for beating them in a video game. The fact that people are now offering protection services like this is just getting plain old stupid.
 
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theBest11778

TS Addict
Been waiting to make a joke like this for awhile

Hello, we're the robot Mafia:



But in all seriousness, I remember when DDOS was something extreme, now its become a childs play thing in which kigs threaten to DDOS one another for beating them in a video game. The fact that people are now offering protection services like this is just getting plain old stupid.
Hahaha, exactly what I was thinking.