Bitcoin Extortionist Copycats on the Rise, Experts Say

Experts believe that the success tied to a recent spate of DDoS-for-hire groups may be because many are copycat collectives operating with a shorter lifespan.

Researchers with Recorded Future, a Massachusetts-based firm that tracks real time threat intelligence, said Monday that they’ve noticed an increase in would-be hackers asking for guidance on forums when it comes to carrying out such attacks.

In particular, it has observed several requests on the dark web for instructions on how to perform DDoS attacks, set up Bitcoin wallets, and so forth. The frequency of the posts really picked up steam after publicity around the group DDoS 4 Bitcoin, according to Tyler Bradshaw, a solutions engineer with the firm.


The group DDoS 4 Bitcoin, or DD4BC, made headlines in mid-2014 and like most groups that deal in cyber extortion, warn victims they’ll be hit with a sizable DDoS attack, something around 400-500 Gbps, unless they pay a certain amount in Bitcoin.

The attackers usually harness a paid botnet to flood a victim’s site with traffic until they’re paid.

Research published in September by Akamai found the group carried out 141 attacks, albeit with a diminished average bandwidth of around 13 Gbps. After the report was issued, Recorded Future claims

Read more ... source: TheBitcoinNews

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