Published on September 13th, 2015 | by bitcoin0
Hackers Hold Banks Hostage For Bitcoin
“DD4BC,” a cybercriminal group that has launched distributed denial of service (DDos) attacks on bitcoin mining companies, exchanges and Hong Kong Banks since mind-2014, have begun to target financial institutions including brokerages, banks and financial organization in Europe, Australia and U.S.
According to Akamai, a Massachusetts based content delivery network, DD4BC has carried out 87 attacks specifically on financial institutions, and have shifted its focus from bitcoin startups to banks and financial organizations over the past few months.
The DDoS attacks on banks and financial institutions have alerted U.S. law enforcements and government agencies including the FBI and the Financial Industry Regulatory Authority.
The hacking group hasn’t launched long-term DDoS attacks that could severely affect large banks and organizations just yet.
A section of one of the emails sent by DD4BC read,
“All servers of [name] group are going under DDoS attack until you pay 40 Bitcoin.
Since then, DD4BC has shifted its focus from bitcoin startups and exchanges to large financial institutions and global banks.