You can be on Entrepreneur’s cover!

Meetup Still Struggling 6 Days After Hack Attack In a blog post, Meetup CEO Scott Heiferman speaks out about the attack, as well as why the company refuses to pay the hackers the $300 ransom they asked for.

By Laura Entis

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

TechCrunch/Wikipedia
Meetup CEO Scott Heiferman

Meetup, the social networking site that allows members to connect and meet offline to engage in a wide range of activities, had a rough weekend.

The trouble started Thursday morning when Meetup CEO Scott Heiferman received this email: "A competitor asked me to perform a DDoS attack on your website. I can stop the attack for $300 USD. Let me know if you are interested in my offer."

Unfortunately, it wasn't an empty threat; "Simultaneously, the attack began, our servers were overwhelmed with traffic, and the site went down," Heiferman wrote in a blog post.

Since then, the site has been intermittently unavailable; service was restored for brief periods over the weekend, but each restoration was met with a subsequent bombardment of traffic, knocking the site back offline. Meetup was still working to restore service this morning.

Related: Meetup CEO: We're Doing What Google, Facebook, YouTube and Twitter Can't Do

In a blog post on the site, Heiferman outlined his reasons behind refusing to pay the paltry ransom fee, acknowledging that it's a "natural question I know many of you will ask."

"We chose not to pay because:

1.We made a decision not to negotiate with criminals.
2.The extortion dollar amount suggests this to be the work of amateurs, but the attack is sophisticated. We believe this lowball amount is a trick to see if we are the kind of target who would pay.We believe if we pay, the criminals would simply demand much more.
3. Payment could make us (and all well-meaning organizations like us) a target for further extortion demands as word spreads in the criminal world.
4. We are confident we can protect Meetup from this aggressive attack, even if it will take time."

The attack was the first in the site's 12-year history. Heiferman expressed confidence that eventually, the site would be able to protect itself from future attacks but warned "it's possible that we'll face outages in the days ahead."

Related: Make It Stop: Yahoo Reports Coordinated Email Hack

Laura Entis is a reporter for Fortune.com's Venture section.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

'Wildly Inappropriate': Woman Says She Was Denied a Job Because She Didn't Wear Makeup During the Interview

Melissa Weaver was applying for a VP of HR job at a tech company via video.

Business News

From Tom Brady to Kevin O'Leary – See Who Lost Big in the Wake of the FTX Crypto Collapse

The crash exposed an $8 billion hole in FTX's accounts, leaving investors and customers scrambling to recoup their funds.

Business News

Kevin O'Leary Says 'Do Not' Merge Finances, Bank Accounts With Your Spouse: 'I Forbid It in My Own Family'

The "Shark Tank" star stressed the importance of keeping your "own financial identity" in a relationship.

Business News

This Highly-Debated Piece of Cinematic History Just Sold For Over $700,000 at Auction

The wood panel from "Titanic" is often mistaken as a door. Either way, he couldn't have fit. (Sorry.)