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Hacker fined with $183,000 for just one-Minute of DDoS attack

Hacker fined with $183,000 for just one-Minute of DDoS attack

Dec 12, 2013
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
13 Anonymous Members indicted and accused of participating in 'Operation Payback'

13 Anonymous Members indicted and accused of participating in 'Operation Payback'

Oct 04, 2013
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
Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Feb 14, 2024Financial Security / Cyber Threats
The landscape of cybersecurity in financial services is undergoing a rapid transformation. Cybercriminals are exploiting advanced technologies and methodologies, making traditional security measures obsolete. The challenges are compounded for community banks that must safeguard sensitive financial data against the same level of sophisticated threats as larger institutions, but often with more limited resources. The FinServ Threat Landscape Recent trends show an alarming increase in sophisticated cyber-attacks. Cybercriminals now deploy advanced techniques like deep fake technology and AI-powered attacks, making it increasingly difficult for banks to differentiate between legitimate and malicious activities. These developments necessitate a shift towards more sophisticated and adaptive cybersecurity measures. Take these industry statistics, for example. Financial firms report 703 cyberattack attempts per week.1 On average, 270 attacks (entailing unauthorized access of data, appl
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