27 Jun '14, 1pm

Pizza Parlours Hit With Letters of Extortion Demanding Bitcoin Payment: US businesses non-p... #infosec #security

Several businesses in the US have been sent extortion letters demanding payment in Bitcoins. The letters, headed with the unequivocal title “Notice of Extortion”, proceed to list all the “catastrophic and irreversible” things the recipient business can expect if they don’t pay up. These include “negative online reviews”, “fraudulent delivery orders”, “telephone denial of service”, “vandalism” and “mercury contamination”, according to Krebs on Security . The demand is for the victim to pay a “tribute price” of 1 Bitcoin, which amounts to over $500 at current trading prices, rising to 3 Bitcoins if it’s not paid by mid-August. All the letters that have appeared online thus far appear to be targeting pizza delivery shops, with the extorters also including some helpful guidance on how to get started with the cryptocurrency. The letters urge the victim to sign up to Bitcoin exc...

Full article: http://www.infosecurity-magazine.com/view/39050/pizza-par...

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Bitcoin Extortion Plot Targets Pizza Restaurants

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news.sky.com 27 Jun '14, 9am

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