Fascinating piece leads the front page of the FT today, suggesting that East European gangs are threatening online bookies with distributed distributed denial of service attacks unless the bookies pay protection money. The gangs are supposed to operate out of Eastern Europe and are targetting bookies in the run up to Cheltenham and the Grand National. This is reminiscent of the protection money demanded for a racecourse pitch in former times. Paddy Power has already had such an attack. The official line is that the bookies will stand together, and there is to be a meeting of the major online bookies, appropriately in Gibraltar, later this week


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