28 Jun '14, 1am

Cyber-crooks turn to Bitcoin extortion

Cyber-crooks turn to Bitcoin extortion

“What the heck is a BitCoin?” wrote the proprietors of New Hampshire-based 900 Degrees Neapolitan Pizzeria, which posted a copy of the letter (above) on their Facebook page. Sandra Alhilo, general manager of Pizza Pirates in Pomona, Calif., received the extortion demand on June 16. “At first, I was laughing because I thought it had to be a joke,” Alhilo said in a phone interview. “It was funny until I went and posted it on our Facebook page, and then people put it on Reddit and the Internet got me all paranoid.” Nicholas Weaver, a researcher at the International Computer Science Institute (ICSI) and at the University California, Berkeley, said these extortion attempts cost virtually nothing and promise a handsome payoff for the perpetrators. “From the fraudster’s perspective, the cost of these attacks is a stamp and an envelope,” Weaver said. “This type of attack could be ...

Full article: http://boingboing.net/2014/06/27/cyber-crooks-turn-to-bit...

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