#1 Trusted Cybersecurity News Platform Followed by 4.50+ million
The Hacker News Logo
Get the Free Newsletter
SaaS Security

Silk Road Ross Ulbricht | Breaking Cybersecurity News | The Hacker News

Silk Road 2.0 Dark-Web Admin Pleads Guilty

Silk Road 2.0 Dark-Web Admin Pleads Guilty
Apr 05, 2016
An admin of Silk Road 2 , named Brian Farrell , who helped maintain the notorious dark web site by providing customer and technical support, approving and suspending vendors, and promoting staff members, has pleaded guilty and could face 8 years in prison. The 28-year-old man, who used the moniker " DoctorClu ," had been accused last year of being the right-hand to the creator of Silk Road 2.0, the copycat website inspired by the notorious online illegal drug marketplace. Silk Road 2.0 was shuttered in November 2014 after its creator Blake Benthall aka "Defcon" was arrested whose own criminal case is pending in federal court in New York. Silk Road has been described as "one of the most extensive, sophisticated, and widely-used illegal marketplaces on the internet today."  According to the Department of Justice, Silk Road 2.0 had generated "sales of at least approximately $8 Million in the United States currency per month" s

Silk Road Mastermind Ross Ulbricht Sentenced To Life In Prison

Silk Road Mastermind Ross Ulbricht Sentenced To Life In Prison
May 30, 2015
Ross Ulbricht , the alleged founder and mastermind of the infamous online black marketplace Silk Road, has been sentenced to life in prison after being found guilty of narcotics conspiracy, money laundering and other criminal charges. This means the 31-year-old San Francisco man will die behind bars . With all the seven charges stemming from the creation and operation of the once the Internet's largest online illegal-drug marketplace, Ulbricht was facing 20 years at a minimum sentence, but making life in prison is the harshest possible sentence. Ulbricht's Life in Prison without any possibility of Parole: The sentence was made by Judge Katherine B. Forrest in a Federal District Court in Manhattan, though Forrest admitted it was a "very, very difficult" call to make , leaving Ulbricht without any hope of parole. Operating online as " Dread Pirate Roberts ," Ulbricht ran the $1.2 billion Empire from the year 2011 to 2013, armed just

Making Sense of Operational Technology Attacks: The Past, Present, and Future

Making Sense of Operational Technology Attacks: The Past, Present, and Future
Mar 21, 2024Operational Technology / SCADA Security
When you read reports about cyber-attacks affecting operational technology (OT), it's easy to get caught up in the hype and assume every single one is sophisticated. But are OT environments all over the world really besieged by a constant barrage of complex cyber-attacks? Answering that would require breaking down the different types of OT cyber-attacks and then looking back on all the historical attacks to see how those types compare.  The Types of OT Cyber-Attacks Over the past few decades, there has been a growing awareness of the need for improved cybersecurity practices in IT's lesser-known counterpart, OT. In fact, the lines of what constitutes a cyber-attack on OT have never been well defined, and if anything, they have further blurred over time. Therefore, we'd like to begin this post with a discussion around the ways in which cyber-attacks can either target or just simply impact OT, and why it might be important for us to make the distinction going forward. Figure 1 The Pu

Two Federal Agents Charged with Stealing Bitcoins During Silk Road Investigation

Two Federal Agents Charged with Stealing Bitcoins During Silk Road Investigation
Mar 31, 2015
Two former Federal investigators who helped to shut down the infamous black-market website ' Silk Road ' accused of fraud and stealing more than a Million dollars in Bitcoins during their investigation. Silk Road, an infamous online drug market that hosted more than $200 Million in transactions, was seized by the FBI in 2013, but during that period two of FBI agents took advantage of their position. CHARGES AGAINST FEDS The US Department of Justice indictment charges 46-year-old former Drug Enforcement Agency (DEA) special agent Carl Force , and 32-year-old former Secret Service agent Shaun Bridges , with the following charges: Theft of government property Wire fraud Money laundering Conflict of interest MILLION DOLLAR EXTORTION Both Force and Bridges were part of Baltimore's Silk Road Task Force to investigate illegal activity in the black marketplace. The creator of Silk Road, Ross Ulbricht, was arrested and found guilty of running the Tor-h

Automated remediation solutions are crucial for security

cyber security
websiteWing SecurityShadow IT / SaaS Security
Especially when it comes to securing employees' SaaS usage, don't settle for a longer to-do list. Auto-remediation is key to achieving SaaS security.

Silk Road founder Ross Ulbricht Convicted of All 7 Charges; Faces Life In Prison

Silk Road founder Ross Ulbricht Convicted of All 7 Charges; Faces Life In Prison
Feb 04, 2015
A jury has found Silk Road founder Ross Ulbricht  a.k.a Dread Pirate Roberts  guilty on all seven counts and faces Life In Prison for running an underground black market i.e.  Silk Road . Ross Ulbricht, a San Francisco 30-year-old web developer was arrested by FBI in a sting operation in October 2013 accusing him of being the criminal mastermind running Silk Road, where hundreds of millions of dollars in illegal goods were traded. Ross Ulbricht had claimed that he had built Silk Road, but he was not the site's notorious ringleader " Dread Pirate Roberts. " The trial went on for just over three weeks and today the jury of six men and six women charged Ross Ulbricht with seven counts including money laundering, drug trafficking and computer hacking among other things. " The supposed anonymity of the dark web is not a protective shield from arrest and prosecution ," according to Manhattan U.S. Attorney Preet Bharara in a statement after the verdict. Prose
Cybersecurity Resources