Hackers Earned $100,000 With Fake Threats
Hackers Earned $100,000 With Fake Threats

As there are many peoples who keep their eyes on the tech world, and must have heard the name of the hacking group known as Armada Collective before. But, recently a hacking group started using the brand of the hacking group known as Armada Collective to extort cash from over a hundred companies.

Hackers Earned $100,000 With Fake Threats

[dropcap]In[/dropcap] business, reputation plays a key role, and the fraudsters posing as the well-known hacker group is 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 has implemented a series of large-scale DDoS-attacks on a number of postal services, as they deny to pay the ransom to the notorious hacking group “Armada Collective“. According to the reports, the group also operates under the name DD4BC (stands for DDoS for Bitcoin – DDoS of bitcoins) and several people, presumably with its attitude, was arrested in January 2016, but now its began to appear on the return of Armada Collective.

According to the CloudFlare, more than a hundred companies have received the fake threats of DDoS attacks from the group, calling itself as the Armada Collective, and demanding the companies to pay the ransom of 10-50 bitcoins (US$4,600 to $23,000) in return for not being attacked.

If any company delay the payment of ransom, as a result, the fake hacking group Armada Collective unknown rise the amount of ransom, and the company who refuse to pay the ransom, Armada Collective unknown threaten 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, unknown, hiding behind the name of Armada Collective, in the plain have earned a tidy sum.

It seems that all the threats were empty, and the unknown is not even attacked anyone. The co-founder and the CEO of CloudFlare company, Matthew Prince said that “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 found 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.