Anonymous Hackers Cost PayPal Huge Sums of Money According to Prosecutor
November 23, 2012 8:54 AM
comment(s) - last by
Prosecutor alleges Anonymous attacks cost PayPal £3.5m
Courts in the UK are currently hearing arguments against hackers allegedly involved with Anonymous. According to courtroom testimony, Anonymous targeted companies that opposed internet piracy but expanded its targets to include PayPal after the payment processor refused to process payments intended to help keep Wikileaks operating.
One of the defendants is Christopher Weatherhead, a 22-year-old student from Northampton University. Whitehead stands accused on a charge of conspiracy to impair the operation of computers between August 1, 2010 and January 22, 2011.
Weatherhead denies the charge of conspiracy. During arguments in the Weatherhead case, the court was told that other Anonymous participants had already pled guilty to the conspiracy charge.
The prosecutor in the case, Sandip Patel, said that the group of hackers had caused PayPal "enormous economic harm." Patel accuses Weatherhead of encouraging an
attack against PayPal
and posting plans for an attack on an IRC channel using the name Nerdo.
Patel added that over 100 PayPal workers spent three weeks working on issues related to the Anonymous attacks. He also noted that PayPal had to spend large sums of money on software and hardware to defend against similar attacks in the future working out to an estimated overall cost of £3.5m.
Patel describes Weatherhead as being part of a "small cabal of leaders" of Anonymous and a network administrator for the group. A raid on Weatherhead's home resulted in the seizure of computer equipment and Patel said that Weatherhead's passwords were variations of the words "Nerdo is the best (or worst) hacker in the world."
Weatherhead claimed the seized computer belonged to his sister.
This article is over a month old, voting and posting comments is disabled
$3.5 million pounds is not "Huge sums" to ebay....
11/26/2012 9:41:04 AM
$3.5 million pounds is probably about 1 day's worth of profit. While that would be "huge sums" to the typical working joe, that is a drop in the bucket to ebay/paypal.
Any extra work needed to thwart hackers is money that they would have/should have spent ANYWAY. It's like the bank claiming robbers forced them to put locks on the door!
"I want people to see my movies in the best formats possible. For [Paramount] to deny people who have Blu-ray sucks!" -- Movie Director Michael Bay
FBI Makes 14 Arrests Associated with PayPal's December Cyber Attack
July 20, 2011, 10:00 AM
Twitter Senior VP: "Diversity is Important, But We Can’t Lower the Bar"
November 9, 2015, 9:59 AM
CNN Resorts to Internet Censorship to Promote Clinton Over Senator Sanders
October 15, 2015, 2:47 PM
Breaking Bad: How to Crash Google's Chrome Browser With Just 8 Characters
September 23, 2015, 11:08 AM
Quick Note: Amazon UK Offers £10 Back on Any Order £50 or Over
August 3, 2015, 12:05 PM
Editorial: Reddit Allows Itself to be Hijacked as a Hate Platform For Racist Bigots
July 21, 2015, 6:32 PM
Mozilla and Facebook to Adobe: It's Time to Kill Flash
July 20, 2015, 6:30 PM
Most Popular Articles
Say Goodbye to Data Plans - Sprint and T-Mobile offer Unlimited Data
August 22, 2016, 6:12 AM
2 NEW PlayStation 4 Models - Unveiling September 7th
August 23, 2016, 6:23 AM
Uber - Everyone's Autonomous Car Driver?
August 20, 2016, 6:01 AM
iPhones May Get Curved Screens Next Year
August 24, 2016, 6:45 AM
Lenovo vs. Asus vs. HP - Best Laptop Under $500.00
August 19, 2016, 4:00 AM
Latest Blog Posts
Coming Soon - Drones and Airports
Aug 24, 2016, 12:40 PM
SolarCity’s Gigafactory: A Milesone in Emerging Technology by Lily Emamian - 15 August 2016
Aug 15, 2016, 6:30 AM
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information