OSAC - Crime gangs extort money with hacking threat

OSAC - "Crime gangs extort money with hacking threat:

from Financial Times on Wednesday, November 12, 2003

Evidence of a new type of international extortion racket emerged on Tuesday with revelations that blackmailers have been exploiting computer hacking techniques to threaten the ability of companies to conduct business online.

Gangs based in Eastern Europe have been found to have been launching waves of attacks on corporate networks, costing the companies millions of dollars in lost business and exposing them to blackmail.

The most recent cases of affected companies have surfaced in Britain where the National Hi-Tech Crime Unit (NHTCU) is investigating how one betting site was brought down and then received a threat that it would be attacked again unless tens of thousands of pounds were paid. It is co-operating with international law enforcement agencies, with the perpetrators thought to be based in Eastern Europe."