• Mon. Aug 21st, 2023

IT Hero Foils Extortion, Pays Dearly

Aug 21, 2023
IT Hero Foils Extortion, Pays Dearly
Esme Greene

In 2018, an intriguing situation unfolded in Oxford, where a group of extortionists launched a cyberattack on a local company and encrypted its data. Fearing significant damage, the company opted to pay a ransom to the attackers.

At the time, Ashley Lyles, an IT analyst at the company, was responsible for cybersecurity. He set up a communication channel between the company’s management and the extortionists. However, instead of following the standard procedure, Lyles hatched a plan to intercept the ransom for himself.

Impersonating a member of a cybercrime ring, Lyles attempted to deceive the company. He replaced the hackers’ cryptocurrency wallet with his own by sending a fake email to the firm’s account. Additionally, with access to sensitive corporate documents, he used blackmail to speed up the funds transfer to his account.

Unfortunately, Lyles’ actions had unintended consequences. His interference scared off the company’s management, causing them to reconsider paying the ransom. As a result, neither Lyles nor the real hackers received the intended ransom.

Caught in the Act: The Price of Cyber Betrayal

According to the independent inquiry conducted by the corporation and SEROCU, Lyles often accessed private information, even from home. Despite his attempts to delete his devices’ data, significant proof was found.

Lyles first denied being involved but eventually admitted it in court five years later.

Blackmail in the UK is penalized by a potential 14-year jail sentence, whereas using the internet illegally is penalized by a two-year sentence.

28-year-old Ashley Lyles was given a three-year prison term for “blackmail and unauthorized computer access with the intent to commit other crimes.”

Given that Lyles abused his position of trust and suffered serious repercussions, this emphasizes the need for ethics and integrity in cybersecurity. Such behavior is immoral and has severe consequences.