Massive Wave of Ransom DDoS Threats Sweeps Globe
Massive Wave of Ransom DDoS Threats Sweeps Globe A cyber-criminal group calling themselves the Phantom Squad has mounted a global extortion campaign, threatening thousands of companies with DDoS if they don’t pay a ransom demand. A widespread wave of spam targeting companies throughout the US, Europe and Asia was spotted by security researcher Derrick Farmer on September 19, with the messages demanding a payment of around $750 (i.e., 0.2 Bitcoin). The extortionists promise to launch attacks on September 30 unless the demands are met. Radware researchers, in an alert on the campaign, noted that ransom was the No. 1 motivation last year behind cyber-attacks; in the company’s 2016-2017 Global Application & Network Security Report, half of respondent organizations were subject to this type of extortion threat. And, in parallel to the ransomware plague, Radware said that it has witnessed an emerging trend of hackers (and copycats) who extort organizations by posing an imminent threat of...