..

Ladbrokes Among 17 Firms Hacked by Cyber Crook Looking to Sell Details for Bitcoin

Written by:
Guest
Published on:
Dec/14/2017

Grant West, 25, admitted illegally obtaining the details of Just Eat, Uber and Ladbrokes customers' accounts in a bid to sell them on the 'dark web' for Bitcoins.  Hundreds of thousands of customers were reportedly impacted.

No financial details were obtained but the act cost companies like Just Eat upwards of £210,000 alone in repairs and mitigation costs.

From KentOnline.com:

He also plotted to defraud companies by obtaining customer data, such as email addresses and passwords, known as "Fullz" - or full credentials - to sell on the dark web using his profile named 'courvoisier'.

West even tried to sell cannabis online while he was on bail awaiting trial for the Just Eat fraud, Southwark Crown Court heard.

When police arrested him in August and September this year they found he had £25,000 in cash and a significant amount of Bitcoins.

West admitted two counts of conspiracy to defraud, one count of computer hacking, and one count of attempting to supply a Class B drug and was helped by his barrister Anna Mackenzie as he entered his pleas Thursday.

Kevin Barry, prosecuting, said: "It's computer hacking, and associated fraud.

"His acquiring, obtaining, using and supplying false customer credentials, everything one needs in order to manipulate identities alone.

"The particular type of computer misuse was activity which required details which could then be used and supplied onwards."

- Jagajeet Chiba, Gambling911.com

Business/Financial News

Bitcoin Beat: BTC Nosedives, April 20 ‘Doge Day’?

Bitcoin Beat: BTC Nosedives, April 20 ‘Doge Day’?

Plus Calvin Ayre talks Bitcoin SV and why it is the most valuable blockchain network.

The Bitcoin White Paper: Combining and Splitting Value and Privacy

The Bitcoin White Paper: Combining and Splitting Value and Privacy

Dr. Craig S. Wright and Ryan X. Charles continue the video discussions in a series exploring the Bitcoin White Paper line-by-line. The next section tackles the principles of combining and splitting value as well as looking at how privacy relates to Bitcoin.

Coinbase Goes Public, Exposure to Regulatory Danger?

Coinbase Goes Public, Exposure to Regulatory Danger?

Coinbase is making its initial public offering of stock April 14 and this has helped push the price of Bitcoin up to near $64,000 as of Wednesday morning.

Sudan Embraces the Blockchain, Arizona One Step Closer to Sports Betting

Sudan Embraces the Blockchain, Arizona One Step Closer to Sports Betting

The Bitcoin Association and the BSV delegation was welcome by the Sudan government last week in an effort to implement blockchain technology and this week Arizona was well on its way to becoming the next US state to legalize sports betting with only the Governor's signature needed.

Lawsuit Filed Against Dr. Craig Wright "Father of Bitcoin": Not Author of White Paper?

Suit Filed Against Craig Wright "Father of Bitcoin": Not Author of White Paper?

Suit seeks to prove Wright is NOT the rightful founder of Bitcoin, but some would argue we will know otherwise in due time.

Syndicate