In business, reputation plays a key role, and the fraudsters posing as well-known hacker groups are well aware. The co-founder and the CEO of Cloudflare company, Matthew Prince, said that, named Armada Collective unknown, “earned” more than $100,000 Without lifting a finger.
In November last year, grouping Armada Collective implemented a series of large-scale DDoS attacks on several postal services, as they deny paying the ransom to the notorious hacking group “Armada Collective”.
Hackers Earned $100,000 With Fake Threats
According to the reports, the group also operates under the name DD4BC (which stands for DDoS for Bitcoin – DDoS of bitcoins). Several people, presumably with its attitude, were arrested in January 2016. Still, it began to appear on the return of the Armada Collective.
According to Cloudflare, more than a hundred companies have received fake threats of DDoS attacks from the group, calling itself the Armada Collective, and demanding the companies pay the ransom of 10-50 bitcoins (US$4,600 to $23,000) in return for not being attacked.
If any company delays the payment of the ransom. As a result, the fake hacking group Armada Collective unknown raised the amount of ransom, and the company that refused to pay the ransom, Armada Collective unknown, threatened the company to face a DDoS attack exceeding 1Tbps.
All received threats intruders prefer to take the conditions and pay the ransom demanded by the Armada Collective unknown. Thus, the unknown, hiding behind the name of Armada Collective in the plain, has earned a tidy sum.
It seems that all the threats were empty, and the unknown is not even attacked, anyone. The co-founder and CEO of Cloudflare company, Matthew Prince, said, “In fact, because the extortion emails reuse Bitcoin addresses, there’s no way the Armada Collective can tell who has paid and who has not”.
Hence, all attempts of experts to find traces of at least one of the attacks, implementation of the current incarnation of Armada Collective, were unsuccessful.
“While these participants Armada Collective serving time in prison, with just a bitcoin wallet and e-mail box, unknown, hiding behind its name, catch up fear and make hundreds of thousands of dollars in extortion,” said the CEO of Cloudflare Matthew Prince.