Information Security News mailing list archives

Re: Cyber crime 'holds banks to ransom'


From: security curmudgeon <jericho () ATTRITION ORG>
Date: Tue, 19 Dec 2000 00:56:35 -0700

http://www.thisislondon.co.uk/dynamic/news/story.html?in_review_id=345095
by Ken Hyder
18 December 2000

A new breed of criminal computer hacker is holding dozens of leading
British companies to ransom by stealing confidential customer
information and demanding cash in return.

Many of the hackers are escaping justice because firms, including major
banks, credit card firms and internet traders, want to keep the attacks
secret, fearing that any publicity which highlights their vulnerability
will undermine customer confidence.

I wish I had a much better memory, or more time to dig back a year or
more.

It is curious how every article about hackers holding banks for ransom
originate in the UK. More to the point, the article says there are many
incidents of this happening, but doesn't give us a list of financial
institutions that suffer from it. Despite this amazing number of
instances, there is never more than a high level article every few months
covering the same vague material.

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