Feeds

UBS logic bomber jailed for eight years

Real-life BOFH ordered to pay $3.1m restitution

Securing Web Applications Made Simple and Scalable

A disaffected former sysadmin at UBS Paine Webber was sentenced today to 97months without parole for unleashing a logic bomb on the company's network and causing $3m damage.

Roger Duronio, 64, of Bogota, NJ who was found guilty of computer fraud in July was also ordered to make $3.1 million in restitution to UBS Paine Webber. The rogue employee was sentenced to the maximum term suggested under US sentencing guidelines.

“This was a fitting, appropriately long sentence, U.S. Attorney Christopher J. Christie said. "Duronio acted out of misplaced vengeance and greed. He sought to do financial harm to a company and to profit from that, but he failed on both counts."

Duronio, who had worked at UBS for two years, was paid a salary of $125,000 by the bank and was expecting a bonus of $50,000. When he only got $32,000 he resigned and decided to take revenge on the bank. He created the logic bomb which would delete all the files in the host server in the central data centre and then every server in every branch. On March 4, 2002 some 2,000 servers did go down and 400 branch offices were hit. Backup systems did not work and files were deleted.

Expecting the share price of UBS, the parent company of UBS Paine Webber, to fall in response to the damage caused by the logic bomb, Duronia purchased more than $21,000 in put option contracts for UBS's stock. A put option is a type of security that increases in value when a stock price drops, explains the New Jersey Attorney General's office. But Duronio got it wrong, it says. "Market conditions at the time suggest there was no such impact on the UBS, A.G. stock price."

At his trial it was revealed that the day the "defendant quit UBS he walked out of their offices and straight to his broker’s office to bet against UBS. His broker, Gerry Speziale, testified that an angry Duronio came to his office and said words to the effect, 'God knows what I can do to get even'." ®

The smart choice: opportunity from uncertainty

More from The Register

next story
Mozilla fixes CRITICAL security holes in Firefox, urges v31 upgrade
Misc memory hazards 'could be exploited' - and guess what, one's a Javascript vuln
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
How long is too long to wait for a security fix?
Synology finally patches OpenSSL bugs in Trevor's NAS
Don't look, Snowden: Security biz chases Tails with zero-day flaws alert
Exodus vows not to sell secrets of whistleblower's favorite OS
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
Researcher sat on critical IE bugs for THREE YEARS
VUPEN waited for Pwn2Own cash while IE's sandbox leaked
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.