The Bitcoin price surge is followed by DDoS extortion gangs

Cybercriminals threaten companies with large DDoS attacks unless a ransom is paid.

Security company Radware is warning everybody that extortion groups that threaten companies with large DDoS attacks return in force. A new wave of DDoS extorsion emails was received at the beginning of 2021.

Companies were asked to pay between 5 and 10 bitcoins ($150,000 to $300,000). These types of attacks last about nine hours and the traffic ranged around 200 Gbps.

Security experts believe that the rise of Bitcoin’s price determined some groups to return to their past DDoS extortion schemes.

Check the source.

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