<ul><li>Matthew D. Lane, a 19-year-old student at Assumption University, has been charged with cyber extortion conspiracy and unauthorized access to protected computers.</li><li>Lane conspired to extort $200,000 from a telecommunications company and threatened to release data of more than 60 million students and 10 million teachers if they did not pay a ransom of approximately $2.85 million in Bitcoin.</li><li>If convicted, Lane could face up to five years in prison for cyber extortion charges, three years of supervised release, and a fine of up to $250,000.</li><li>The charge of aggravated identity theft carries a mandatory two-year sentence in prison, consecutive to any other imposed sentence on the computer fraud charges.</li></ul>

College Student Behind Cyber Extortions

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