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Mafia Costs Betting Companies Millions

19 March 2004

UNITED KINGDOM – As reported by This is Money: "Crime syndicates have cost betting companies millions of pounds in a series of internet sabotage attacks, it was revealed today.

"One of the largest online bookmakers was paralysed by hackers as the Cheltenham Festival reached its climax. Dozens of attacks crashed other online betting sites during key races at the festival. It left gamblers unable to place bets and is believed to have cost millions in lost revenue.

"The hackers, believed to be part of the Russian underworld, are trying to blackmail targeted sites by demanding up to £10,000 to stop the online sabotage.

"…Today MPs called for an urgent crackdown on e-crime.

"…They work by simultaneously accessing the websites millions of times. This overloads servers and causes them to crash.

"…Experts believe many large crime syndicates are now recruiting hackers to help them carry out electronic attacks…"

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