Ah the logic bomb, a source of humour for many due to it’s frequent showing up in ‘hacking’ movies, and it’s complete mis-use.
ZOMG THE LOGIC BOMB IT’S GONNA PWN US ALL!
A former UBS PaineWebber employee was sentenced to eight years in prison on Wednesday for planting a computer “logic bomb” on company networks and betting its stock would go down.
The investment scheme backfired when UBS stock remained stable after the computer attack and Roger Duronio lost more than $23,000.
8 years, pretty harsh eh?
You better be careful if you are planning on pwning your ex-company with some lame script.
Duronio quit his job as a systems administrator in February 2002 after repeatedly expressing dissatisfaction about his salary and bonuses, the statement said.
He then planted malicious computer code known as a “logic bomb” in about 1,000 of PaineWebber’s approximately 1,500 networked computers in branch offices. On March 4, 2002, the “bomb” detonated and began deleting files.
Duronio attempted to profit from the attack, the statement said. He bought more than $23,000 in put option contracts for UBS AG stock, betting the stock’s price would go down after his “logic bomb” went off.
His big mistake was the attempt at insider trading based on his attack on the company, seems like he screwed up loyally.
Losing $23,000 and spending 8 years in a cosy cell with Bubba, nice one!
Source: Reuters UK