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Global Extortion: Online Gambling and Organized Hacking

A new trend in extorting money from sports and gambling Web sites isn’t going away like security experts had predicted. Online gambling Web sites began receiving e-mail threats in October of last year. The messages contained demands for money to prevent distributed denial-of-service (DDoS) attacks that would shut down the targeted Web site.

Internet security experts urged caution. They theorized that the threats would reach a peak with the Super Bowl game and then fade away. They didn’t. Instead, this new twist on the traditional extortion racket is spreading to financial and other gambling Web sites on both sides of the Atlantic Ocean.

Some security experts privately suggested to TechNewsWorld that large crime syndicates are behind the attacks on sports and gaming Web sites. They said the ability to carry out e-mail attacks on Web site operators who refused to pay protection money shows the involvement of organized crime with hackers and virus writers.

It could be the first clear indication, they warned, that criminals are activating the legions of compromised computers infected with the SoBig and MyDoom viruses and worms that open back-door access to hackers.

Internet security experts say there is little doubt about the involvement of international crime gangs in these e-mailed threats. Thomas Patterson, a former regional partner overseeing EMEA for Deloitte & Touche Security Services Group, said it takes criminals with money to assemble the machinery to orchestrate the e-mail attacks.

"Organized crime has always been about money, and there is definitely money at the end of a hostile or fraudulent Internet attack," he said. "Some of these larger-scale scams do cost some money to put together. They are likely to be based in countries that do not yet have sophisticated computer security

Read the entire article at: eCommerceTimes 

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