Feeds

UBS logic bomber jailed for eight years

Real-life BOFH ordered to pay $3.1m restitution

Protecting against web application threats using SSL

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'." ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Infosec geniuses hack a Canon PRINTER and install DOOM
Internet of Stuff securo-cockups strike yet again
'Speargun' program is fantasy, says cable operator
We just might notice if you cut our cables
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
YouTube, Amazon and Yahoo! caught in malvertising mess
Cisco says 'Kyle and Stan' attack is spreading through compromised ad networks
Hackers pop Brazil newspaper to root home routers
Step One: try default passwords. Step Two: Repeat Step One until success
Greater dev access to iOS 8 will put us AT RISK from HACKERS
Knocking holes in Apple's walled garden could backfire, says securo-chap
Microsoft to patch ASP.NET mess even if you don't
We know what's good for you, because we made the mess says Redmond
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.