Feeds

Bloomberg extortion, hacking case opens in New York

Only offering services

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

The trial of a Kazakhstan man accused of attempting to extort $200,000 from the founder of the Bloomberg financial news service began New York this week.

Oleg Zezov, 29, allegedly hacked into Bloomberg's computer system, then emailed Bloomberg founder Michael Bloomberg threatening that the financial news service's reputation would be put at risk if he wasn't paid. The alleged threat was made in March 2000, prior to Bloomberg's election as New York's mayor.

Assistant US Attorney Robert Strang told the court that within weeks of his initial contact, Zezov was demanding that $200,000 be sent to an offshore bank account in exchange for telling Bloomberg how he was able to crack into his company's computer system.

After receiving this threat, Bloomberg contacted the FBI and arranged to meet Zezov and alleged accomplice Igor Yarimika in London, where the pair was arrested in an FBI sting operation. The two men were subsequently extradited from the UK to face trial in the US.

The case against Yarimika is due to go to court later this year.

At the beginning of Zezov's trial Robert Baum, Zezov's attorney, claimed his client was only offering his services as a security consultant and that Bloomberg misunderstood Zezov's intentions.

"This case is about a rush to judgment by a multibillionaire who could not accept that his computer system was fallible and had a bug in it," Baum said in his opening statement, AP reports.

Zezov faces attempted extortion charges punishable by up 20 year in prison.

Bloomberg is scheduled to testify in the trial next week. ®

External Links

The indictment against Zezov and Yarimika

Related Stories

Extradition hearing in Bloomberg hack/extortion
Bloomberg involved in Net sting

Build a business case: developing custom apps

More from The Register

next story
14 antivirus apps found to have security problems
Vendors just don't care, says researcher, after finding basic boo-boos in security software
'Things' on the Internet-of-things have 25 vulnerabilities apiece
Leaking sprinklers, overheated thermostats and picked locks all online
Only '3% of web servers in top corps' fully fixed after Heartbleed snafu
Just slapping a patched OpenSSL on a machine ain't going to cut it, we're told
iWallet: No BONKING PLEASE, we're Apple
BLE-ding iPhones, not NFC bonkers, will drive trend - marketeers
How long is too long to wait for a security fix?
Synology finally patches OpenSSL bugs in Trevor's NAS
Secure microkernel that uses maths to be 'bug free' goes open source
Hacker-repelling, drone-protecting code will soon be yours to tweak as you see fit
Israel's Iron Dome missile tech stolen by Chinese hackers
Corporate raiders Comment Crew fingered for attacks
Roll out the welcome mat to hackers and crackers
Security chap pens guide to bug bounty programs that won't fail like Yahoo!'s
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.