As per the U.S. Department of Justice, 13 members of the
famous hacker group Anonymous have pleaded guilty to charges
related to their involvement in a 2010 cyber attack on
) PayPal unit.
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Anonymous is an online collective of like-minded individuals
whose main aim was to conduct hacking attacks, often with some
social or economic goals.
Anonymous claimed that the cyber-attack was initiated by them to
avenge the suspension of the WikiLeaks account by PayPal. In
2010, PayPal had accused WikiLeaks of violating their terms of
service and had suspended its accounts so that it could no longer
receive donations through PayPal. Wikileaks had claimed that this
activity was intended to destroy it economically.
The incident happened in the form of a Distributed Denial of
Service (DDOS) attack. The cyber-attack was aided by software
tools specially designed with the intention of damaging a
computer network's functional ability by flooding it with useless
commands and information, which in turn, denied service to
As of now, the 13 defendants have been released on bond and their
hearing is scheduled to take place in early Jan 2014. The
defendants comprise 11 men and 2 women. One of the defendants has
also been accused of conducting a separate cyber attack on the
website of Santa Cruz County.
eBay is one of the world's largest online marketplaces. eBay's
PayPal unit is a service that facilitates the electronic transfer
of money between parties. Goods and services are sold on the
platform by a large number of individuals and small businesses
all over the world. Other than the U.S., it provides
country-specific sites in the United Kingdom, Canada, Germany,
Austria, France, Italy, Japan, Korea and Australia.
eBay has taken all the necessary measures to boost growth,
beginning with the fixed price format, to wooing big sellers and
customers, improving technology and navigation of its properties,
investing in better fulfillment services and focusing on mobile
customers to boost profitability. Its drive to provide complete
online solutions for traditional retailers should further add to
its growth going forward.
eBay reported third-quarter revenues of $3.9 billion, up 14.3%
from the year-ago quarter. Its non-GAAP earnings per share of 54
cents beat the Zacks Consensus Estimate of 53 cents per share.
Currently, eBay has a Zacks Rank #3 (Hold). Better-ranked stocks
in the sector include
), all with a Zacks Rank # 1 (Strong Buy).