Darkode Hacking Forum Shut Down

Law enforcement agencies from 20 countries collaborated to cripple a major computer hacking forum, and U.S. officials filed criminal charges against a dozen people associated with the website, the U.S. Department of Justice announced.

Darkode.com on is displaying a message saying the site and domain had been seized by the FBI and other law enforcement agencies.

Darkode, a password-protected online forum for criminal hackers, represented one of the gravest threats to the integrity of data on computers across the world, according to David Hickton, U.S. attorney for the Western District of Pennsylvania. “Through this operation, we have dismantled a cyber hornets’ nest of criminal hackers which was believed by many, including the hackers themselves, to be impenetrable.”

Five of the defendants face charges in Hickton’s district.

Darkode allowed hackers and other cybercriminals to sell, trade and share information and tools related to illegal computer hacking, the law enforcement agencies alleged.

Before becoming a member of Darkode, prospective participants were allegedly vetted through a process that included an invitation by a member, the DOJ said in a press release. The prospective member then pitched the skill or products he or she could bring to the forum.

Darkode members allegedly used each other’s skills and products to infect computers and electronic devices of victims around the world with malware, the DOJ said.

The takedown of the forum and the charges announced Wednesday came after the FBI’s infiltration of Darkode’s membership.

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SanDisk Hurt By Weak Demand, Supply Glut

Flash-memory maker SanDisk Corp warned that tepid demand from mobile phone manufacturers and a glut in supply that has led to lower prices are putting a dent its revenue margins.

The maker of NAND chips — used as storage memory in smartphones and tablets — has recently seen demand taper with some of its key customers scaling back orders.

Smartphones and tablets have caused a boom in NAND production, but SanDisk’s customers have not all done equally well from the explosion in mobile gadgets.

“Anybody who is not a Samsung or an Apple is burning through some (mobile) handset inventory,” RBC Capital Markets analyst Doug Freedman said.

“Until we get the PC market, tablet market and handset market back buying, we’ll see an oversupply situation.”

SanDisk’s weak outlook mirrors warnings from rival flash-memory makers, who have also blamed weak prices and demand for their disappointing results.

Late last month, Micron Technology said it was facing persistently low prices for memory chips and posted a wider loss. Toshiba Corp, Japan’s biggest chip maker, also posted a drop in quarterly sales at its electronics devices business, which includes semiconductors, hit by lower prices for memory chips.

SanDisk in January expressed concerns about weaker demand weighing on sales in the first half of this year and forecast lower-than-expected revenue for the first quarter.

The Milpitas, California-based company, which is set to report results later this month, said its gross margins for the January-March quarter will come in below its prior expectations of 39-42 percent, hurt by lower prices for its chips.

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Twitter Security Lagging,Says Experts

The fast-growing microblogging site Twitter is lagging behind some other Internet services in using methods to help secure the accounts of users, security experts say.

Weaknesses in Twitter’s security became apparent on the U.S. July 4 Independence holiday as a still unidentified hacker took control of a Fox News Twitter account and tweeted falsely claiming that U.S. President Barack Obama was dead.

While the hijacking of Twitter accounts is not new, the false Tweets about Obama generated headlines around the world.

The Secret Service is investigating the matter. Fox News has said does not know how the attacker gained control of its account, but complained that it took Twitter more than five hours to return control of the account to Fox.

“What Twitter needs to do now is to commit to a thorough review of their security practices,” said Daniel Diermeier, a professor at Northwestern University’s Kellogg School of Management. “For Twitter this is a very serious problem.”

Security experts said the attack might have been prevented if Twitter had offered two-factor authentication technology to secure its accounts.

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