Suspected UK bank cyber attacker extradited from Germany

A British man suspected of cyber attacks on banks is back in the UK to face charges

A British man has been extradited from Germany to face charges relating to cyber attacks against two of the UK’s most prominent high street banks.

he 29-year-old, Daniel Kaye of Egham in Surrey, is accused of using an infected network of computers known as the Mirai#14 botnet to attack and blackmail Lloyds Banking Group and Barclays Bank.

The use of hijacked computers or internet-connected devices to carry out distributed denial of service(DDoS) attacks to make organisations’ websites inaccessible, and then demand payment to avoid further attacks, is an increasingly popular form of cyber extortion.

In August 2017, security firm Kaspersky Lab warned that the use of DDoS attacks to extort money from organisations was on the rise.

Continue reading…