Feeds

Russian bookmaker hackers jailed for eight years

Losing wager

Internet Security Threat Report 2014

Three Russian hackers convicted of running denial of service attacks against UK bookies have each been sentenced to eight years imprisonment and fined $3,700.

Ivan Maksakov of Balakovo, Alexander Petrov of Astrakhan, and Denis Stepanov of St Petersburg extorted up to $4m from online bookmakers and casinos in the UK alone prior to their capture, Russian press agency RIA Novosti reports.

Prosecutors reckon they made 54 similar attacks across 30 countries during six months of high-profile attacks.

Maksakov and Stepanov were arrested in September 2004 following a joint investigation by the UK's National High Tech Crime Unit, Interpol, the FBI and Russia's Interior Ministry, and the Prosecutor General's Office. Petrov was collared in the middle of the following year. Each was charged with a number of computer hacking and extortion offences under the the Russian Criminal Code and convicted, resulting in unusually harsh sentences (by Russian computer crime standards) that reflect the seriousness of their crimes.

RIA Novosti reports that the modus-operandi of the attack involved planting spyware, designed by 20-year-old Maksakov, onto the systems of targeted firms. This was followed up by demands that, unless the gang was paid off, a denial of service attack would be launched against the websites of gambling firms.

"The web server of Canbet Sports Bookmakers Ltd, which refused to pay a $10,000 ransom demand, was blocked during the Breeders' Cup races, and the company lost more than $200,000 for each day of downtime," public prosecutor Anton Pakhomov explained.

The trio were jailed during a sentencing hearing before a court in the city of Balakovo in the Volga river Saratov region, 530 miles southeast of Moscow, on Tuesday. ®

Internet Security Threat Report 2014

More from The Register

next story
George Clooney, WikiLeaks' lawyer wife hand out burner phones to wedding guests
Day 4: 'News'-papers STILL rammed with Clooney nuptials
Shellshock: 'Larger scale attack' on its way, warn securo-bods
Not just web servers under threat - though TENS of THOUSANDS have been hit
Apple's new iPhone 6 vulnerable to last year's TouchID fingerprint hack
But unsophisticated thieves need not attempt this trick
PEAK IPV4? Global IPv6 traffic is growing, DDoS dying, says Akamai
First time the cache network has seen drop in use of 32-bit-wide IP addresses
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Who.is does the Harlem Shake
Blame it on LOLing XSS terroristas
Researchers tell black hats: 'YOU'RE SOOO PREDICTABLE'
Want to register that domain? We're way ahead of you.
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.