Businesses pay $100,000 to DDoS Ransomware

By | April 26, 2016

DDoS Email

 

In less than two months, online businesses have paid more than $100,000 to scammers who set up a fake distributed denial-of-service gang that has yet to launch a single attack.

The charlatans sent businesses around the globe extortion e-mails, through it they are threatening for DDoS attacks unless the recipients paid as much as $23,000 by Bitcoin in protection money, according to a blog post published Monday by CloudFlare.

CloudFare is a service that helps to protect businesses from such attacks. Stealing the name of an established gang that was well known for waging such extortion rackets, the scammers called themselves the Armada Collective.

Armada Collective is sending a mail by stating

“If you don’t pay by [date], attack will start, yours service going down permanently price to stop will increase to increase to 20 BTC and will go up 10 BTC for every day of the attack,” the typical demand stated. “This is not a joke.”

Armada Collective

“The extortion emails encourage targeted victims to Google for the Armada Collective,” CloudFlare CEO Matthew Prince wrote.

“I’m hopeful this article will start appearing near the top of search results and help organisations act more rationally when they receive such a threat.”

Subscribe for latest security updates