LOIC | Breaking Cybersecurity News | The Hacker News

Eric Rosol , A  38-year-old hacker who joined an Anonymous hacker attack for just one minute has been sentenced to two years of federal probation and ordered to pay $183,000 fine. Yes you read right! $183,000 fine  for just 1 Minute of DDoS attack. In 2011, Eric participated in a distributed denial-of-service (DDoS) attack organized by hacker collective Anonymous against the servers of Koch Industries. The DDoS attack was organized in opposition to Koch Industries' reported weakening of trade unions. He used a software called a Low Orbit Ion Cannon Code , LOIC is a popular DDoS tool used by anonymous hackers and other hackers to perform the DDoS attack. Rosol pleaded guilty and was agreed to direct pay for the losses as a result of the attack on the company website i.e. around $5,000 only, but Koch Industries had argued that it hired a consulting group to protect its web sites at a cost of approximately $183,000. Unfortunately, the company website was knocked offline for just 15

A U.S. Grand jury indicted and accused 13 members of the hacking group Anonymous for allegedly participating in the cyber attacks against a number of websites as an  anti-copyright campaign called " Operation Payback " Hackers took down the sites by inflicting a denial of service, or DDoS, attack , including those belonging to the Recording Industry Association of America, Visa and MasterCard. The attacks were in retaliation for the shutdown of " The Pirate Bay ," a Sweden-based file-sharing website used to illegally download copyrighted material. The DDoS Campaign was later extended to Bank of America and credit card companies such as Visa and MasterCard after they refused to process payments for WikiLeaks . According to the indictment, the suspects are charged with conspiracy to intentionally cause damage to protected computers. Suspects downloaded and used software known as Low Orbit Ion Cannon , or LOIC, to launch distributed denial-of-service

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